banks Stories April 19, 2016

Apple Pay officially expanded to its sixth country yesterday with Apple adding support for Singapore and today, the company has added support for over 50 new banks and credit unions in the United States. Starting today, customers of the following banks and credit unions can add their debit and credit cards to Apple Pay and use it instead:

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banks Stories February 22, 2016

Report: Apple Pay fees for Chinese banks half what they are in U.S.

Chinese site Caixin reports that Apple has agreed to take much smaller fees from banks in China compared to the US as the company this month launches its Apple Pay payments service in the country.

The deal with Chinese banks will see Apple get around 0.07 percent per transaction, according to the report citing unnamed sources, compared to approximately 0.15 percent it’s charging banks in the US.

banks Stories January 22, 2016

Apple has been steadily adding more banks to its list of those officially supported for Apple Pay, and today it adds yet another 50+ for users of the iPhone, iPad, and Apple Watch-based payment service. The new additions include a mix of banks and credit unions across the US, but don’t bring any newly supported institutions to users internationally. Head below for the full list of new banks and credit unions.  expand full story

banks Stories December 15, 2015

The year is almost up but Apple Pay is still popping up in new places. BJ’s Wholesale Club already accepted Apple Pay in its stores for members, and now BJ’s has become the second retailer to allow their store cards to be added to the Wallet app and be used for Apple Pay. Kohl’s was officially the first retailer to add Apple Pay support to their store cards in October, while JCPenney is said to be testing support ahead of a 2016 rollout. Apple Pay is also going live with cards issued from over 60 more banks and credit unions around the country:

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banks Stories December 2, 2015

Apple is continuing to sign more banks and credit unions up every few weeks to support Apple Pay, and the latest expansion in the United States includes another 40 new partners to back the company’s mobile payment service. Check below to see the latest banks to go live: expand full story

banks Stories November 27, 2015

If you’re wondering why Apple Pay is as yet only available for Amex cards in Australia, it’s not because Apple isn’t working hard enough to introduce it there: it’s because Australian banks are refusing to sign up for it. The opposition Labor Party spokesman on digital innovation is now suggesting that this refusal may constitute anti-competitive behavior, reports the Sydney Morning Herald.

The Reserve Bank has been urged to examine potential anti-competitive behaviour in the emerging card-free payments market amid claims the banks have frozen out newcomer Apple Pay […]

“Australian consumers should not be denied the ability to make payment choices that are openly available to consumers globally,” Ed Husic wrote. “No doubt some will argue this move by the banks is anti-competitive – I am certainly concerned that it denies consumer access to a secure, efficient payment platform.”

As we reported back in August, one big sticking point is fees …  expand full story

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