Apple Pay

Just two weeks after coming to over 30 new banks and credit unions, Apple Pay today has added an additional 44 new institutions in the United States. The new banks come a few days after Bank of America announced that it was rolling out support for ATM withdrawals using Apple Pay and come as Apple announced several new countries for the mobile payment service at WWDC.

Below are the new banks and credit unions that now work with Apple Pay:

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Apple first introduced its mobile payments solution in 2014 and has been gradually expanding it both domestically and internationally since then, most recently announcing a handful of new features and countries at WWDC this month. What’s interesting to note, however, is that Apple is bringing in just $0.15 per every $100 spent using Apple Pay. Brian Nichols of InvestorPlace points out that rate is much lower than the 2 percent to 4 percent rates collected by companies like MasterCard and Visa. The solution suggested by Nichols? Make Apple Pay an actual transactor of payments…

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Last year Apple rebranded its Passbook app as Wallet and boosted Apple Pay by adding support for loyalty cards. Coca-Cola started accepting Apple Pay debit and credit cards at many of its vending machines around the same time, and now its loyalty card is catching up. Customers can add the MyCokeRewards loyalty card to Apple Pay and receive a free drink in return.

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Going out without your wallet or purse is something most of us have done at some time or another. When I did it four or five years ago, it was a complete pain as it was on a Saturday afternoon and no banks were open.

Picture the scene: I’m on my own in the car, call into a gas station to refuel, get to the till and … no wallet. Not the most convenient of times to discover one’s absent-mindedness. Fortunately I have a great bank. I called them, and they gave me an authorization number to give to the gas station attendant, who was able to put the transaction through.

But when I managed to leave my wallet at home on Friday evening, Apple Pay made it a non-event …

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Earlier this year, it was reported that Bank of America was working on supporting the ability to withdraw cash from an ATM using Apple Pay. Now, it appears the bank is rolling that feature out in select markets. First noticed by a user on Reddit, Bank of America is outfitting some of its ATMs with Apple Pay support and the ability to withdraw cash using it.

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Through macOS Sierra, Apple Pay is coming to the Mac over the web using the iPhone or Apple Watch to authenticate purchases.

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What will Apple unveil at its event this Monday, June 13 to kick off WWDC 2016? Below we roundup the latest reports along with some of our own information on what Apple is currently planning for the keynote.

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After laying off some 30 employees last month, The Merchant Consortium Exchange, or MCX, announced today that it is ending its the ongoing CurrentC beta test and postponing all future releases. The beta test will be suspended on June 28th, according to an email sent to beta testers in Columbus, Ohio and obtained by The Consumerist.

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After coming to over two dozen new banks last month, Apple Pay today has expanded to over 30 new banks and credit unions in the United States. The new banks join the increasingly large list of existing banks and credit unions that support Apple’s mobile payment service. Below are the new banks and credit unions that now work with Apple Pay:

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Apple Pay may be about to launch in its seventh region as soon as next week, according to Swiss finance website Finews.ch. The report believes Apple will bring its mobile payment service to customers in Switzerland on Monday, June 13th, which happens to be the date of Apple’s next keynote event at the start of WWDC. Apple Pay potentially reaching Switzerland follows a recent promise from the company to rapidly expand into more markets across Europe and Asia as well as reports of slow adoption outside of the US.

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In this week’s top stories: iPhone 7 leaks, more on the rumored upcoming MacBook Pros with OLED touch bar, what’s in store for WWDC 2016, and much more.

Apple also launched its Back to School promo for 2016, and designer brand Coach started preparing for a launch of its Apple Watch bands next week. Head below for all of the handy links to these and our other top shared Apple stories this week.

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Apple Pay is arguably more useful in the UK than in Apple’s home market of the U.S. as contactless terminals have been in widespread use for many years – at least, in the bigger cities. But the standard £30 ($44) limit on contactless transactions has so far mostly been applied to Apple Pay too.

We knew a year ago that this was going to change over time, and it seems that rollout of the upgraded payment terminals has now reached many major retailers …

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If you’re of the view that life’s too short to fetch your own take-out food, you’ll probably appreciate anything that speeds up the ordering process too – which is why Grubhub and Seamless now offer Apple Pay in the iOS apps. TechCrunch estimates that using Apple Pay instead of a credit card will save you about a minute per order …

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Apple Pay has expanding gradually around the world, most recently to all five big banks in Canada. A new report from Reuters, however, details that the global rollout has not been short of issues for Apple, banks, and retailers alike. The report explains how data shows Apple Pay is popular with core Apple enthusiasts, but not with the general public. In 2015, Apple Pay usage totaled $10.9 billion, but the majority of that was in the United States.

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Following a rollout to the Royal Bank of Canada and Canadian Imperial Bank of Commerce earlier this month, Apple Pay is now coming to the other three big banks in Canada. With this rollout, Apple Pay is now supported by all of Canada’s “big five banks.” As reported by The Toronto Star, BMO, TD and Scotiabank customers will be able to use Apple starting tomorrow, June 1st.

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Following the expanded launch of Apple Pay in Singapore this week, TechCrunch spoke with Apple VP Jennifer Bailey about Apple Pay’s roadmap. The Apple executive said the company wants to bring Apple Pay to every significant market in which it operates with particular focus on rapid expansion in Europe and Asia. Apple Pay is currently available in the United States, the United Kingdom, Canada, China, Singapore and Australia. Apple has already said the mobile payments service will reach Hong Kong soon …

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As we approach Apple’s WWDC 2016 developer conference scheduled for June 13-17, there are more than a few reported in-development features and fixes that are likely candidates for stage time. An Apple Music revamp, Apple Pay updates, improvements for the App Store, and new features for HomeKit, Siri, and Apple News are just a few possibilities for Apple’s event next month. Below we roundup those features and much more as we take a look at the most likely new iPhone and iPad features in the works for iOS 10:

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After an initial Amex-only launch last month, Apple Pay is seeing a full roll-out today in Singapore, with Visa, MasterCard and five major banks on board. This makes Singapore the sixth country to get Apple Pay, after the U.S., UK, Canada, Australia and China.

Apple Pay vice-president Jennifer Bailey told The Straits Times: “Now, almost everyone can leave their wallets at home. Apple Pay will be a natural extension of what users have been doing at payment counters” […]

Citibank, HSBC, ANZ and Maybank still do not work with Apple Pay [but] Ms Bailey said Apple is working to bring more banks on board.

Singapore was a good target for Apple, as contactless payment is already extremely well-established in the country …

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