Fifteen new financial institutions, including 10 credit unions, have formally connected with Apple Pay, bringing the number of participating banks and credit unions to 60 only four months after the initiative's unveiling.
Among those that now support the new digital payment platform are the $13 billion BECU, the $8 billion Alliant CU, the $1 billion Altra FCU, the $1 billion Andrews FCU, the $4 billion Ent FCU, the $1.4 billion F&A FCU, the $7 billion First Tech FCU, the $9 billion Golden 1 CU, the $295 million INOVA FCU and the $7.2 billion Star One CU.
In January, a handful of new financial institutions announced support for Apple Pay, including Security Service FCU, Consumers CU, Virginia CU, Cyprus FCU, Fairwinds CU, Mountain America CU, Partners FCU, and Customers Bank.
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments using the iPhone 6, iPhone 6 Plus, Apple Watch-compatible devices (iPhone 5 and later models), iPad Air 2 and iPad Mini 3. Apple Pay does not require Apple-specific contactless payment terminals and works with Visa's PayWave, MasterCard's PayPass and American Express's ExpressPay terminals.
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