More Banks and Retailers Sign Up to Support Apple Pay

[cdmagurus.com]

Apple Pay has garnered more support from banks and retailers around the country, according to the New York Times. SunTrust, Barclaycard, and USAA have already agreed to support Apple Pay with their cards, and 10 more banks, including TD Bank North America and Commerce Bank, are adding support for Apple Pay beginning today. With the new financial institutions on board, a significantly larger percentage of iPhone 6 and iPhone 6 Plus owners can use Apple Pay to make mobile payments at participating retailers. More retailers are interested in Apple Pay, too. Staples will begin accepting Apple Pay at its 1,400 stores beginning today, and Amway Center, where the Orlando Magic basketball team plays, will begin accepting Apple Pay at concessions stands during games. Apple Pay uses an NFC radio embedded in the iPhone 6 and 6 Plus to power tap-and-go payments at more than 220,000 retail outlets around the U.S. iPhone owners use their fingerprint to approve purchases, which are secured thanks to unique codes assigned to each transaction. Apple Pay launched Oct. 20. Competing services, such as Softcard, are available to select Android and Windows Phones sold by AT&T, T-Mobile, and Verizon Wireless.


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