AppleInsider Staff
Overshadowed by Apple's earnings call for the second fiscal quarter of 2017, Apple Pay on Tuesday officially added support for 21 new U.S. financial institutions, as well as HSBC for Australian customers.
As usual, a bulk of Apple Pay's latest additions are local banks and regional credit unions serving less populated areas of America. Apple is slowly filling in the gaps after landing deals with a wide selection of national institutions in and around Apple Pay's launch in 2014.
Today's U.S. extension of services includes the following banks:
- 1st Constitution Bank
- Alerus Financial N.A.
- Bank of Cashton
- Bank of New Mexico
- BankStar Financial
- Central National Bank & Trust Company
- Chevron Federal Credit Union
- Citizens Community Bank
- Connexus Credit Union
- DATCU
- Department of Commerce Federal Credit Union
- First Bank Blue Earth
- First National Bank of Pana
- First US Community Credit Union
- Legacy Bank
- Manasquan Bank
- Market USA Federal Credit Union
- Midstates Bank N.A.
- Security State Bank of Hibbing
- Skyward Credit Union
- The Bank of Bennington
- Two River Community Bank
Alongside Apple Pay's stateside expansion, HSBC customers living in Australia can now provision their Mastercard or Visa credit cards for use with iPhone, Apple Watch and Mac.
Apple Pay has seen accelerated growth over the past year with major launches in Japan and Spain. The fledgling payments product also bolstered support in Russia, as well as vital market additions in China and Singapore.
During an investor conference call on Tuesday, Apple CEO Tim Cook said Apple Pay transactions were up 450 percent year-over-year for the three-month period ending on April 1. The payments solution is part of Apple's services arm, a source of consistent revenue growth that jumped 18 percent in the most recent quarter.
Charles Martin
Christine McKee
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8 Comments
I'm following two credit unions that have been anticipating offering Apple for some time now.
One being a large university related cu the other being a smaller medium sized one.
I've been told that their applications have been in at Apple for some time. I'm surprised at how long it takes for the two parties to come together.
And the hits just keep on coming!
Go Apple Go!
What's the point of bank and institutions picking this up? Am I missing something? I don't see the relevance. Apple pay is a POS transaction that one benefits from. Apple pay is for the most part is insignificant. I like to use it but not many places accept it.