Apple adds new banks & Credit Unions to Apple Pay, is yours among them?

Apple Pay is continuing to grow with Apple still adding not only merchants who accept it, but Banks and Credit unions that support it. The list of Banks and Credit Unions now runs at over 45 and Apple just added over a dozen names to that list.

Here are the names of the new institutions that support Apple Pay:

Alliant Credit Union
Altra Federal Credit Union
Andrews Federal Credit Union
BBVA Compass
BECU (Boeing Employees’ Credit Union)
Ent Federal Credit Union
F&A Federal Credit Union
Fifth Third Bank
First Niagara Bank
First Tech Federal Credit Union
Golden 1 Credit Union
INOVA Federal Credit Union
Savings Bank of Danbury
Star One Credit Union
Uwharrie Bank

Whilst this brings the number of banks and Credit unions that support Apple pay up to 60, Tim Cook made mention in his 1st quarter earnings call last week that their have been 750 institutions in total that have committed to rolling out support of Apple Pay in the future.

He also brought out the pretty fantastic number –  $2 out of every $3 spent using contactless payments across the three major credit card companies—Visa, MasterCard, and American Express—was made using Apple Pay.

That sounds a little surprising, doesn’t it? To use Apple Pay your banking institution must support Apple Pay, the merchant or App you are making a purchase though must support Apple Pay, and you must have an iPhone 6 or iPhone 6 Plus, or iPad Air 2 and iPad Mini 3 with apps only.

Users with an iPhone 5, iPhone 5C and iPhone 5s will be able to use Apple Pay if they use it in combination with an Apple Watch after it’s release in early April.

Here is the total list of Banks & Credit unions that currently support Apple Pay.

-L&N Federal Credit Union
-UW Credit Union
-Commerce Bank
-America First Credit Union
-American Express
-Bank of America
-Barclaycard
-Capital One
-Citi
-Commerce Bank
-J.P. Morgan
-M&T Bank
-Merrill Lynch
-Navy Federal Credit Union
-PNC
-Regions Bank
-SunTrust
-U.S. Bank
-U.S. Trust
-USAA
-Wells Fargo
-Fremont Bank
-National Institutes of Health FCU
-Security Service Federal Credit Union
-Consumers Credit Union
-Virginia Credit Union
-Cyprus Federal Credit Union
-Fairwinds Credit Union
-Mountain America Credit Union
-Partners Federal Credit Union
-Customers Bank
-A+ Federal Credit Union
-Amegy Bank of Texas
-America First Credit Union
-Bethpage Federal Credit Union
-California Bank & Trust
-Connex Credit Union
-Goldenwest FCU
-Huntington Bank
-KeyPoint Credit Union
-Meijer Credit Union
-National Bank of Arizona
-Nevada State Bank
-The Bank of Greene County
-Vectra Bank
-Zions First National Bank
-Alliant Credit Union
-Altra Federal Credit Union
-Andrews Federal Credit Union
-BBVA Compass
-BECU (Boeing Employees’ Credit Union)
-Ent Federal Credit Union
-F&A Federal Credit Union
-Fifth Third Bank
-First Niagara Bank
-First Tech Federal Credit Union
-Golden 1 Credit Union
-INOVA Federal Credit Union
-Savings Bank of Danbury
-Star One Credit Union
-Uwharrie Bank

What has your experience been like with Apple Pay?

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment