Apple on Tuesday added 46 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now compatible with more than 500 financial institutions nationwide.
Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using their iPhone or Apple Watch. It’s accepted at hundreds of thousands of retailers and restaurants around the country.
Apple on Wednesday added 18 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now compatible with more than 450 financial institutions nationwide.
Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using their iPhone or Apple Watch. It’s accepted at hundreds of thousands of retailers and restaurants around the country.
When Apple Pay launched in the United Kingdom in mid-July, it was limited to transactions up to £20 without entering in a PIN number or signature, a cap imposed on almost all contactless payments in the country. Tuesday, the cap rose to £30 per touchless payment without entering a PIN number or providing your signature.
As noted by The Verge, the new £30 cap is applied to all contactless payments in the United Kingdom, including those made via contactless cards that work without any other authentication.
Notch up another victory for Apple's mobile payment platform as the University of Oklahoma announced Monday that it will begin accepting Apple Pay across its entire campus. The initiative will allow students to pay with Apple Pay using their NFC-enabled devices like the iPhone 6, iPhone 6 Plus and Apple Watch at any of the four-hundred service locations scattered across the campus, including restaurants and bookstores.
Apple on Thursday announced that it has teamed up with payment service PayAnywhere on a new mobile NFC card reader. It will attach to iOS devices, and support both traditional credit cards and those stored within Apple Pay.
The reader, which will be available exclusively in Apple Stores in September, will open the door for smaller businesses to begin supporting Apple Pay. PayAnywhere is easy to setup and there are no monthly fees to worry about.
Apple's rumored 'iPhone 6c' boasting an in-house designed 'A8’ processor, a four-inch Retina screen, Touch ID fingerprint scanning and Apple Pay mobile payments could be with you in time for Thanksgiving, according to latest reports from Apple's supply chain.
Assuming the reports are true, the mythical device will pose a significant jump in terms of hardware versus the iPhone 5c, which runs the iPhone 5's three-year old A6 processor and has no biometric authentication or NFC.
Apple on Thursday posted a new ad to its YouTube channel labeled "iPhone - Apple Pay." The spot is the latest in the company's ongoing "if it's not an iPhone, it's not an iPhone" campaign, and of course highlights its new mobile payment service.
The commercial is very similar to previous ads in the campaign. It begins with a voiceover saying "this is an iPhone," and then the video proceeds to show how Apple Pay works. The shot closes with the tagline "if it's not an iPhone, it's not an iPhone."
Apple on Tuesday added 18 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now supported by more than 400 financial institutions nationwide.
Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using iPhone or Apple Watch. It's accepted at hundreds of thousands of retailers and restaurants around the country.
Apple Pay certainly has a long way to go before it becomes ubiquitous. The service is currently available on a limited basis in the United States and the United Kingdom and is yet to hit major markets such as Canada, Japan, Germany, Italy and more.
In Australia (or colloquially, Down Under), banks are reportedly reluctant to give up on interchange fees in exchange for seamless technology and are said to loathe a third-party providing an extra layer between them and their customers at the point of sale.
CurrentC, the mobile payments app back by a consortium of major retailers known as MCX, may not launch until 2016, Recode reports. The outlet spoke with MCX CEO Brian Mooney yesterday, and he says that the app may not be ready to go this year like originally planned.
A public pilot of the app will go live in Ohio next month, and Mooney says that MCX won't push for a wider rollout if it's not ready. "This is a long game," he said said. “Certainly going faster is always better — that’s not necessarily a debatable point. But we’re going to do it right."
Rite Aid, a drugstore chain in the United States, announced Tuesday it will begin accepting both Apple Pay and Google Wallet starting this coming Saturday, August 15. The company famously disabled support for Apple's mobile payment service nationwide, even though it was supported at Apple Pay launch.
The move put Rite Aid at odds with regulators and lawyers who launched an investigation under suspicion that the pharmacy chain violated federal antitrust laws by colluding with other MCX members to boycott rival payment systems such as Apple Pay and Google Wallet.
American Express, one of early Apple Pay backers, today announced it is adding Apple Pay compatibility for corporate credit cards issued in the United States. Available today to eligible U.S. corporate cards, the system allows owners of the iPhone 6, iPhone 6 Plus and Apple Watch to pay for services online and for goods at contactless merchants in stores with Apple Pay and their corporate credit card on file.