Apple Pay picks up 13 more US banks & credit unions

http://appleinsider.com/articles/17/09/05/apple-pay-picks-up-13-more-us-banks-credit-unions

Apple on Tuesday updated its U.S. Apple Pay roster with 13 more supporting card issuers, filling in an increasingly tiny number of regional gaps.

The additions join a list of hundreds of participating banks and credit unions, most of them based in small sections of the country, a single state, or even just a single city. National banks, such as Chase and Bank of America, were largely onboard within the first year after Apple Pay’s Oct. 2014 debut.

The complete list of additions includes:

  • Community National Bank & Trust of Texas
  • First State Bank of Mendota
  • First State Bank Southwest
  • Great Plains Bank
  • Great Southern Bank
  • Holyoke Credit Union
  • Icon Credit Union
  • Landings Credit Union
  • Mascoma Savings Bank
  • McIntosh County Bank
  • Park National Bank
  • Texas Brand Bank
  • Xplore Federal Credit Union

iOS 11 —likely launching later this month, after a Sept. 12 iPhone event —will introduce two new features to Apple Pay. These include Cash, a PayPal-style holding account, and person-to-person transfers, done through Messages. Both will initially be limited to the U.S.

The company may also tip international expansion plans, one possible target being Germany, despite tough negotiations.

Posted in blog, Community Banks, Consumer Trends, Consumer Trends, Credit Union, Payment Processing, Technology.

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