Apple Pay adds 34 U.S. banks and credit unions this week
More U.S. based banks and credit unions are putting their John Hancocks on the dotted line as 34 of them signed up to be part of Apple's mobile payment service Apple Pay. Besides the U.S., Apple Pay is currently available in Australia, Canada, China, Singapore, and the UK. Retailers in Brazil, France and Japan should soon be accepting it as well.
Earlier today there was a report stating that Switzerland's addition to the list of countries accepting Apple Pay was imminent with the actual announcement expected at WWDC. Apple is believed to be focusing on European and Asian countries to further expand the feature.
The more markets that use Apple Pay, the more money Apple will bring in to its coffers. Apple's take on credit card transactions that are rung up using Apple Pay is believed to be .15% On debit card transactions involving Apple Pay, Apple reportedly receives a flat rate fee. The money comes from banks and payment networks.
The more markets that use Apple Pay, the more money Apple will bring in to its coffers. Apple's take on credit card transactions that are rung up using Apple Pay is believed to be .15% On debit card transactions involving Apple Pay, Apple reportedly receives a flat rate fee. The money comes from banks and payment networks.
The new financial institutions added to Apple Pay today include:
- 121 Financial Credit Union
- Acclaim Federal Credit Union
- Boston Firefighters Credit Union
- Catholic Vantage Federal Credit Union
- Clackamas County Bank
- Coastal Community Federal Credit Union
- Commonwealth Community Bank
- Cumberland Valley National Bank
- Discovery Federal Credit Union
- Easthampton Savings Bank
- First Bank & Trust (IL)
- First Bank & Trust (TX)
- First Federal Lakewood
- First Heritage Federal Credit Union
- First National Bank of Carrollton
- First National Bank of Fort Smith
- First Security Bank & Trust
- First State Bank of Wyoming
- Home Bank
- Members Credit Union
- Nebraska State Bank
- Origin Bank
- Pegasus Bank
- Sandia Area Federal Credit Union
- Siouxland Federal Credit Union
- State Farm Bank
- Summit Bank
- Synergy Federal Credit Union
- Texas First State Bank
- The Bank of Monroe
- The Honesdale National Bank
- University of Toledo Federal Credit Union
- Wayne County Bank
- Willis Credit Union
source: AppleInsider
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