Apple Pay picks up new card issuers in US, Canada & China

Apple has updated its roster of banks and credit unions with Apple Pay to include more U.S. institutions, plus a handful of additional options in Canada and China.

Canadians can now add cards from Servus Credit Union. In China, the expansion includes Visa and Mastercard for China Construction Bank, and PrimeCredit Limited Visa in Hong Kong.

As is now standard, the U.S. additions are primarily state- or city-level. Most national firms were onboard within a year of Apple Pay's Oct. 2014 launch.

The complete list of new U.S. issuers is below:

Audubon State Bank
Bank of Lafayette
CedarStone Bank
Chemung Canal Trust Company
Citizens Bank [MN]
Citizens State Bank
Consumer Credit Union
Copiah Bank
Cy-Fair Federal Credit Union
Fairfield Federal
Farmers State Bank & Trust Co.
First Commonwealth Federal Credit Union
First Independent Bank
First National Bank [TX]
First National Bank South
First State Bank [TX & IL]
First State Bank of Bloomington
First State Bank of Odem
Fisher National Bank
Freedom Northwest Credit Union
Gateway Community Bank
Greater Community Bank
Healthcare Financial Federal Credit Union
Heritage Bank of Nevada
Illinois Educators Credit Union
Interstate Credit Union
James Polk Stone Community Bank
Park Side Financial Credit Union
Pioneer Bank [MN]
Rayne State Bank
Rocket Federal Credit Union
Valor Bank
Wakefield Co-operative Bank
Williamstown Bank
WinsSouth Credit Union
Yantis Federal Credit Union

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3 Comments

ihatescreennames

said about 6 years ago

There will likely be comments about what Apple Pay needs is more places that accept it. I agree, but more issuers means more people I can use Apple Pay Cash with, too, so this is good news.

By the way, I frequently find small places that accept Apple Pay and don’t realize it. Two weekends ago I was out for breakfast and tried it. To the surprise of the relatively young staff (a couple of teenagers taking turns running the register) it worked. I found out the dry cleaner a mile away accepts it, again, a surprise to the staff. I think people can use Apple Pay in more places than they realize.

Also, I heard today that Disney is trialing contactless payments only at one of its hotels starting next month.

ElectricPenguin

said about 6 years ago

This brings the number of US issuers to 2275; over the 39 months that Apple Pay has been available, that works out to exactly 700 issuers added per year.
There are 5642 Credit Unions and 5737 FDIC insured banks in the US. At 700 per year it's going to take 16.25 years to get them all on board.
In my state:
- 21% of the state and city level banks support Apple Pay. The biggest of these banks has about half a million customers, the smallest has just over 200.
- 79% of the population are customers of state and city level banks. The other 21% presumably includes both national bank customers and people with no bank accounts.
- 43% of the population bank at state and city level banks which support Apple Pay
- 36% of the population bank at institutions which still do not support Apple Pay.
My opinion - something has to change. My phone continually nags me to finish setting up Apple Pay when in fact it's Apple that is going to take another 13 years to finish the job.

ihatescreennames

said about 6 years ago

ElectricPenguin said:

This brings the number of US issuers to 2275; over the 39 months that Apple Pay has been available, that works out to exactly 700 issuers added per year.
There are 5642 Credit Unions and 5737 FDIC insured banks in the US. At 700 per year it's going to take 16.25 years to get them all on board.
In my state:
- 21% of the state and city level banks support Apple Pay. The biggest of these banks has about half a million customers, the smallest has just over 200.
- 79% of the population are customers of state and city level banks. The other 21% presumably includes both national bank customers and people with no bank accounts.
- 43% of the population bank at state and city level banks which support Apple Pay
- 36% of the population bank at institutions which still do not support Apple Pay.
My opinion - something has to change. My phone continually nags me to finish setting up Apple Pay when in fact it's Apple that is going to take another 13 years to finish the job.

Or set it up using a credit card. Many people whose bank isn’t covered have a Visa, MC, AmEx or Discover card and most of those work without issue.

Mans if using Apple Pay is important enough it’s fairly easy to switch to a bank that supports it, like Bank of America.