Since launching in China two weeks ago and adding 3 million users in just two days, Apple Pay is continuing its expansion across the United States as well. The addition of Mainland China started with another dozen participating banks, and today another 27 banks have joined the 1,000+ partners in the US. These are the latest:
- 1st Community Federal Credit Union
- Abacus Federal Savings Bank
- Bank of England
- BankFirst Financial Services
- Bull’s Eye Credit Union
- Colfax Banking Company
- Columbia Bank Florida
- First Bank
- First Federal Bank of Louisiana
- First National Bank of Durango
- First Southern National
- Franklin First Federal Credit Union
- Green Country Federal Credit Union
- Gulf States Credit Union
- Guthrie County State Bank
- Henrico Federal Credit Union
- Lone Star National Bank
- Mill City Credit Union
- Modern Woodmen Bank
- Pasadena Federal Credit Union
- PNC Bank, Global Investment Servicing
- Raleigh County Federal Credit Union
- Sage Capital Bank
- St. Landry Bank and Trust Co.
- TCM Bank
- West Milton State Bank
If you’re not sure if your bank supports Apple Pay yet, you can see the full list of already active partners here. One longtime holdout, Ally Bank, recently mentioned upcoming Apple Pay support through the release notes in an app update, although no timeline was provided shy of “coming soon”.
As for retailers accepting Apple Pay, we learned this week that American Apparel plans to begin taking Apple Pay at checkout in the future. It’s also believed that Japan, Hong Kong, Brazil, France, and other countries could be getting Apple Pay later this year.
Apple Pay lets you make secure payments in stores by waving your iPhone or Apple Watch, or in apps using your iPhone or iPad. To add a new card to Apple Pay, start with the Wallet app or Wallet section in Settings, then look for the add debit or credit card section.
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… Canadian banks…? No… Okay… :(
None, Apple clearly is not focused on Apple Pay in Canada.. They just did a soft release in Canada just to be able to say they did something
American Express is a bank and a credit network and is why it Suports Apple Pay in some countries.
Canada is about to reduce the merchant rate fees charged for each credit card transaction. it is looking at capping it at .3 % like in Europe. The US has the highest swipe fees at up to .4%. The banks get a larger cut of the fees then the credit networks and is why Apple is doing bank by bank rollout of Apple Pay in the US and slow to do deals in Europe and other countries with caps for swipe fees.
In the US Apple is demanding .15% of the transaction fee and in China .07%. Since, fees are capped in Europe and Australia and other countries banks and credit networks are less willing to give Apple the % they want for each Apple Pay transaction.Hence, the very slow international roll out and why Apple is doing bank by bank rollout in the US.
In China they have one credit network UnionPay. Apple and UnionPay made deals with the major banks in China and is Why 80% of the people in China instantly gained access to Apple Pay. Hopefully internationally Apple reaches deals with the networks like maestro and visa instead of bank by bank like they have been doing in the US.
Canada was listed on a document claiming to be MasterCard’s roadmap for contactless payments this year. If true, Apple Pay in Canada might start expanding.
Visa and MasterCard agreed in 2014 in Canada for a 5 year freeze on increasing merchant fees on credit cards to 1.5%. Now there is a Canadian bill trying to cap the fees to .3%. So any deal Apple had with MasterCard in Canada would most likely be dead now. A reduction from 1.5% fee to .3 % is a huge decline in revenue for MasterCard and Visa.
With caps for merchant fees growing across the globe it limits what Apple can negotiate with credit networks and banks. .15% Apple wants per transaction is not going to happen in many places when .2 to .3% is becoming the common cap on fees. Banks and credit networks are not going to give Apple half the money they get per transaction. Here in the US fees can be up to 4% so it makes it easy for banks to
Give Apple a higher cut.
It will not work internationally and is why except for China inter thionyl rollout of Apple Pay has been very slow.
The lack of retailers is pathetic!
A lot of that is on the retailers, not Apple. Some are not playing ball because they’re associated with a competing platform – e.g. Walmart, CVS, Home Depot, Old Navy, Target, and many others. In fact Home Depot and CVS had it working but subsequently shut it off. Starbucks is refusing to institute it for in store purchase because they want customers using thier app. Best Buy was in this camp too initially, but capitulated this last fall. Most of those named above were on Current C. My local mom and pop grocery store has it.
Ya I think CurrectC really screwed things up and put a huge delay into the ApplePay role out with merchants. CurrectC is going no where. Who in their right mind would want them to have direct access to your bank account and none of the protections under the law that you get using a Credit Card (Not a Debit Card!) Hell I’m still waiting for my cards to get updated with a CHIP which I figured would have happened before Oct of last year. It seems the banks are in no rush to move fraud off them to the Merchants. ApplePay is great when you can use it, but when it’s 1 out 10 to 1 out of 20 places you go to, it sucks.
Poland. When? Apple, please answer!
On an unrelated note, my cc number was compromised earlier today. Chase subsequently closed that card # and issued a new number. About 5 min later I see Apple Pay updated that particular card with the new number. One more unanticipated advantage of having Apple Pay.
Any word on store cards and / or miles cards? That’s what I want to see!
Apple Pay? I almost forgot about it. You see I’ve had Apple Pay from the beginning and I have used it once – at an Apple store.