Mike Wuerthele
Apple continues pushing forward with its deployment of the Apple Pay service, adding 37 new banks and credit unions to the already expansive list of supporting financial institutions.
Like the Apple Pay expansion in early August, Wednesday's inclusions add a number of small, local financial institutions. The additions were once again announced through Apple's list of Apple Pay providers.
Banks added Wednesday include:
- Bank of St. Francisville
- Bank of Winnfield & Trust Company
- Billings Federal Credit Union
- Central Bank, Oklahoma
- Citizens Business Bank
- City County Employees Credit Union
- First Community Bank
- First Federal Bank of Florida
- First International Bank & Trust
- First Internet Bank of Indiana
- First Volunteer Bank
- Homebank
- Industrial State Bank
- Kitsap Credit Union
- KleinBank
- LA Capitol Federal Credit Union
- Member One Federal Credit Union
- Midwest Bankcentre
- National Bank of Commerce
- Needham Bank
- Northwestern Bank
- Park Side Credit Union
- Park State Bank & Trust
- Redstone Federal Credit Union
- Scenic Community Credit Union
- Services Credit Union
- Springs Valley Bank and Trust
- State Bank of Chilton
- Summit State Bank
- Sun Federal Credit Union
- The Arlington Bank
- The Bank of Hemet
- U.S. Postal Service Federal Credit Union
- Union Bank
- United Bank of Union
- Valley View Bank
- West Financial Credit Union
On Tuesday, Hong Kong's Bank of East Asia and Telekom's Tap & Go were added to Apple Pay. Both banks are incentivizing users to sign up with promotions rewarding users for repeated use of the service.
Apple Pay debuted with a U.S.-only launch in October 2014. At present, the system is capable of both point-of-sale transactions, as well as in-app purchases. Apple Pay utilizes a token-based system with each transaction identifier only able to be used for a single purchase, helping to prevent credit card fraud.
Apple does not generally discuss specific Apple Pay adoption figures in any detail, but Apple CEO Tim Cook noted that the service has grown by 400 percent year-over-year, with three million retailers in the U.S. supporting the service.
Apple Pay is now available in Australia, Canada, China, France, Hong Kong, Singapore, Switzerland, and the U.K.
Apple announced an addition to the Apple Pay system at June's WWDC, bringing online payments to iOS 10 and macOS Sierra through the new "Pay with Apple Pay" service.
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18 Comments
The financial institutions aren't the problem, it's the retailers. Is any progress being made on that front?
But not in Australia with 3 of the big 4 banks playing mongrel games with the competition regulator. They have asked to be given a free pass to act like a cartel to negaotiate with Apple to give them access to the iPhone NFC chip. Like as if? Tell em they're dreamin' Tony (Tony King Apple GM Australia). Unfortunately the one big bank that's signed with Apple are about as trustworthy as a footpath (sidewalk) covered in banana skins.
We won't see Apple Pay here anytime soon :(
We don't need more banks nearly as much as we need more merchants! Maybe 5% of the places I go to use ApplePay, and I'm looking for them.
Good grief, how many banks are there in the US?