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Videomanmac

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Apr 3, 2015
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My bank is a local town bank that issues its own debit cards, however, they use the MasterCard network. I meet with them tomorrow to request Apple Pay, with them being already partners with Apple Pay, would the process be any easier getting them on board?
 

timeconsumer

macrumors 68000
Aug 1, 2008
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Portland
My bank is a local town bank that issues its own debit cards, however, they use the MasterCard network. I meet with them tomorrow to request Apple Pay, with them being already partners with Apple Pay, would the process be any easier getting them on board?
If they are already partners with Apple Pay, you should be able to add your card to your phone now.

Here's a list of banks that have Apply Pay: https://support.apple.com/en-us/HT204916
 
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RedOrchestra

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Aug 13, 2012
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Neither Visa nor Mastercard have a direct business arrangement with Apple Pay - the relationship is between Apple Pay and the financial institution SO if your bank hasn't signed on with Apple Pay you're out of luck - unless you move to another institution that has.
 
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kdarling

macrumors P6
My bank is a local town bank that issues its own debit cards, however, they use the MasterCard network. I meet with them tomorrow to request Apple Pay, with them being already partners with Apple Pay, would the process be any easier getting them on board?

Many smaller banks and credit unions already operate at super slim margins, and cannot afford the per purchase payment that Apple demands in return for letting banks register their customers.

It's just another example of a greedy large entity slowly destroying small town life. Small banks and credit unions expressed worry about this when Apple Pay came out. They're trapped, with a join them or lose some customers dilemna.

As to what you could do, hmm. I'd say to volunteer to pay the Apple fee for them, but Apple's rules forbid passing on the cost to the consumer. Or.. you could talk all your neighbors into letting the bank raise its rates.
 
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Videomanmac

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Apr 3, 2015
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Many smaller banks and credit unions already operate at super slim margins, and cannot afford the per purchase payment that Apple demands in return for letting banks register their customers.

It's just another example of a greedy large entity slowly destroying small town life. Small banks and credit unions expressed worry about this when Apple Pay came out. They're trapped, with a join them or lose some customers dilemna.

As to what you could do, hmm. I'd say to volunteer to pay the Apple fee for them, but Apple's rules forbid passing on the cost to the consumer. Or.. you could talk all your neighbors into letting the bank raise its rates.
I view it as a way they are saving money. Less fraud and hassle.
 
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Tom G.

macrumors 68020
Jun 16, 2009
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A possible problem would be that your bank does not deal directly with MasterCard, but goes through another company such as CIS. They do the actual dirty work. They can really screw the works up, both in getting your bank on line, and when you actually use Apple Pay. My Bank issues MasterCard debit Cards, handled by CIS, and Visa credit cards, handled by another company. My Visa card was on Apple Pay within a month or two of roll out of the program, but the MasterCard took almost 6 months before the bank was even able to begin testing, and almost another month before I could get my MasterCard into my wallet.

Lately my MasterCard has begun to be declined at merchants that I have used for a long time. My Visa, that I use as a backup has always worked. After very long hours on the phone with Apple and my bank it looked like CIS fixed their problem. Then my MasterCard was declined again last night.

The most frustrating thing is CIS is one of those hidden companies that you can't reach out and wrap your hands around their throat in order to encourage them to do good and proper work.
 
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kdarling

macrumors P6
I view it as a way they are saving money. Less fraud and hassle.

For in-person contactless use, Apple's fee is about twice as much as the going fraud rate in the US, and like 20 times as much in countries that have already shifted to chip & PIN.

So no, it doesn't save banks money. Yet.

Once it takes off for online (not in person) purchases, then it could save banks money, since that's where most fraud is.
 
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