The vast majority of Apple Pay partners are credit unions, according to Visa's official list of financial institutions.

"Currently, Visa is working with approximately 500 U.S. financial institutions, all of which have executed an agreement to deploy the new Apple Pay service. Approximately 360 of those financial institutions are credit unions," a Visa spokesperson told CU Times.

"We are in the process of testing and certifying issuer processors and their platforms which support more than a thousand credit unions so we anticipate an ever increasing number of [credit unions] to deploy the service in the not too distant future," the spokesperson added.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.