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Apple-Pay-250x434.png
Apple updated its Apple Pay participating issuers list today with 35 additional banks, credit unions and financial institutions supporting the contactless payment service in the United States. Apple Pay now has close to 300 participating issuers nationwide, and several hundred more plan to support the NFC-based mobile payment service in the future.

The full list of new Apple Pay participating issuers is reflected below, although it's worth noting that some banks, credit unions and financial institutions listed may have already had support for the contactless payments service and are only now being reflected on Apple's website.

The full list of new Apple Pay participating issuers:
1st Financial Federal Credit Union
Affinity Bank
Bank of Springfield
Berkshire Bank
Box Elder Credit Union
C&F Bank
Capitol Federal Savings
Christian Community Credit Union
Community First Credit Union of Florida
Credit Union of Denver
Denver Community Credit Union
Education First Credit Union
Educators Credit Union
Financial Partners Credit Union
First City Credit Union
First Premier Bank
Freedom Credit Union
NASA Federal Credit Union
Numerica Credit Union
PremierOne Credit Union
Purdue Federal Credit Union
Rivermark Community Credit Union
San Francisco Federal Credit Union
Simmons First National Bank
Summit Credit Union
Synchrony Bank
The Citizen Bank of Clovis
UMe Federal Credit Union
University Federal Credit Union
Utah Power Credit Union
Valor Credit Union
Vermont Federal Credit Union
WSECU
WECU (Whatcom Educational Credit Union)Apple Pay remains available in the United States only, although Apple is committed to an international rollout of the mobile payments service in additional countries such as Canada, China and the United Kingdom. Canada, a well-prepared candidate for Apple Pay, could be the first country to embrace the service outside of the United States as early as November.

Article Link: Apple Pay Gains 35 More Participating Issuers in United States
 
My bank still isn't listed but claims they will soon support. I try periodically to enter my card and today I get a different error message so hopefully that's a good sign lol
 
More retailers needed.......

This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers
 
We have NFC terminals all over the place in Australia, so what's holding Apple up on this market?

Probably the banks saying "what's in it for us? Can we have more? We must be able to screw some more out of our customers? And then some more on top of that."

If they're anything like UK banks.
 
Holy crap they added Vermont Federal Credit Union!

Seriously though, at this point it's more important that retailers get on board.
 
We have NFC terminals all over the place in Australia, so what's holding Apple up on this market?
Your Australian banks. It won't come to Australia until a fair number of them sign an agreement with Apple and put the systems in place to recognize that the transaction is being made using Apple Pay, accept the iPhone or Watch-generated token, map that token back to your account, calculate the fraction of a percentage point fee that is Apple's, and send that fee to Apple regularly.
 
Holy crap they added Vermont Federal Credit Union!

Seriously though, at this point it's more important that retailers get on board.

I came here to say the same thing. We need retailers more than issuers at this point. I have seen a small uptake on retailers, even a taxi accepted it the other day. But we really have a long way to go on the retail side. And then overseas.
 
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

Without banks how do you convince retailers to adopt NFC readers in store? Banks are easier to convince because they value the better security with biometrics, higher volume of transactions and in general a new way to get customers to pay using their accounts. Retailers have to install hardware (if they haven't already) and have less incentive to do so because they don't need it as much. BUT if you go to them saying we have all the banks on board and our customers have their cards on their phones and this will be quicker than using credit cards then you stand a much better chance of convincing them.
 
Probably the banks saying "what's in it for us? Can we have more? We must be able to screw some more out of our customers? And then some more on top of that."

If they're anything like UK banks.

You're absolutely right. Quite naive of me to overlook our money-grabbing banks. Some of the fees and exchange rates here are obscene.
 
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers

Retailers in the U.S. will soon be upgrading their readers to support chip cards from what I understand. I can't imagine many will bother to opt for non-nfc units at that point.

For a time I thought apple should start giving out readers, then I thought about the overhead involved: they'd be entering into a new product category essentially. Who is responsible for maintenance and replacement? Who is liable in the event of a non-apple pay related breach?

It's a whole can of worms that apple would be smart not to open. Let the problem take care of itself by October which is when I think the regs change on liability for breaches. That will be the incentive retailers need to get their stuff together.
 
Without banks how do you convince retailers to adopt NFC readers in store? Banks are easier to convince because they value the better security with biometrics, higher volume of transactions and in general a new way to get customers to pay using their accounts. Retailers have to install hardware (if they haven't already) and have less incentive to do so because they don't need it as much. BUT if you go to them saying we have all the banks on board and our customers have their cards on their phones and this will be quicker than using credit cards then you stand a much better chance of convincing them.

Apple could have every financial institution in the world on Apple Pay, it doesn't mean anything if the only place that accepts Apple Pay for 20 miles is a Walgreens.
 
We have NFC terminals all over the place in Australia, so what's holding Apple up on this market?

I use my US issued card in Canada while on business travel. I've also read you can do the same in any country with a US issued card.

If you are willing to pay FX fees, or are fortunate enough to be on company expenses:
1. Get a US issued card
2. Change iPhone region to US
3. Add card to ApplePay
4. Pay with AP!

Ref: https://www.macrumors.com/2014/10/21/apple-pay-australia/
 
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This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers

I think this will change a lot when the new iPad adds NFC. It seems like just about every small business I visit these days uses iPads for their registers. Having NFC built right in will make it much easier to accept Apple Pay.
 
I think this will change a lot when the new iPad adds NFC. It seems like just about every small business I visit these days uses iPads for their registers. Having NFC built right in will make it much easier to accept Apple Pay.

Would be a smart move for Apple to target small business directly like that. Do I think Apple will? Nope.
 
I think this will change a lot when the new iPad adds NFC. It seems like just about every small business I visit these days uses iPads for their registers. Having NFC built right in will make it much easier to accept Apple Pay.

New iPad models already have the NFC chip for the sole purpose of the secure element to store the CCs added to ApplePay for the specific purpose of online and in-app AP purchases. iPads do NOT include the NFC radios to function as an NFC POS terminal, and will likely NEVER include the NFC radios. The only exception may be rumored iPad Pro which is likely targeted at business. Square has already announced they are adding NFC radios to their POS device. Others will likely follow.
 
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers

Too true. I have two cards attached to Apple Pay right now and have yet to even have an opportunity to USE Apple Pay. I'd have to go out of my way to go to a place that accepted it, and I'm not just going to buy something so I can experience Apple Pay.

The annoying thing is that most places I shop at have NFC-capable readers. They just aren't set up with any NFC reading providers. Someday. Someday... hopefully.
 
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers
Most, if not all retailers will have upgraded to new chip and pin readers which will also be able to provide nfc payments come Oct of this year. If they don't then those retailers will be liable for any fraudulent charges.
 
I came here to say the same thing. We need retailers more than issuers at this point. I have seen a small uptake on retailers, even a taxi accepted it the other day. But we really have a long way to go on the retail side. And then overseas.

This is a false dilemma. Apple needs both retailers and issuers. More issuers gives incentive for faster retail adoption. And more retailers gives incentive for faster issuer adoption.

There are certainly teams working on adoption in both arenas. Working simultaneously on both fronts makes huge sense. If there is a claim that the resources dedicated to issuer adoption is undermining resource allocation to retailer adoption, then please provide your evidence.
 
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.

With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.

Xerxers

I'm sure you know it's not that simple. Quite often, retailers will have long-term contracts that include their equipment. They can't just swap out the equipment with third-party replacements as they see fit. Not only would there be configuration issues, but it may also be a breach of their contracts.

Also, with an increasing number of banks coming on board, that sets the stage for more retailers, particularly smaller retailers. Many small mom-and-pop shops have credit card processing through their own banks, so with the banks on board, so now can the retailers be.
 
C'mon, Ally! Get on it!

I'm pretty worried at this point. If you spend some time on their Facebook page you'll notice that they have been shooting down every request for the past six month with some horrible canned response of "we have no plans at this time but we'll let the community know if anything changes."
 
This is a false dilemma. Apple needs both retailers and issuers. More issuers gives incentive for faster retail adoption. And more retailers gives incentive for faster issuer adoption.

There are certainly teams working on adoption in both arenas. Working simultaneously on both fronts makes huge sense. If there is a claim that the resources dedicated to issuer adoption is undermining resource allocation to retailer adoption, then please provide your evidence.

I think you are reading way to much into my comments. What I am saying is based on the fact that the issuers already on-board with Apple Pay have somewhere around 95% of all CC transactions now able to be done through Apple Pay. However we do not have 95% of the Point-of-Sales (POS) able or willing to accept Apple Pay. We need more POS acceptance as we already have issuer saturation. Anything else you think I said is strickly in your head. :D
 
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