More Financial Institutions Supporting Apple Pay Added In United States And Europe
Reports indicate that Apple Pay support has been added by 22 more credit unions and banks in the United States. Most of the U.S. financial institutions are regional rather than national. More financial institutions in Europe have also added support for the payments platform.
In the United States some of the financial institutions that were recently added include Central Virginia Federal Credit Union, American Eagle Financial Credit Union, Community Bank & Trust of Florida, The Cooperative Bank of Cape Cod, Community Savings Bank, First Bank of Berne, The First National Bank of Central Texas, First Financial Federal Credit Union, Fremont Federal Credit Union, Highlands State Bank,Greater State Bank, Houston Police Credit Union, Mid-Hudson Valley Federal Credit Union, Independent Bank, NAFT Federal Credit Union,Santa Cruz County Bank, Peoples Bank of East Tennessee, Skyline National Bank, Stonegate Bank, Sterling Bank, and Terre Haute Savings Bank.
France, Spain and Italy
In Europe some of the financial institutions that have now added Apple Pay support include Max, Fortuneo, Crédit Mutuel de Bretagne, Crédit Mutuel Massif Central, and Crédit Mutuel du Sud-Ouest in France. Debit cards issued by Banca Mediolanum in Italy under the Mediolanum Card brand also now offer support for Apple Pay.
Boon, a mobile wallet service based in Europe has also added support for Apple Pay. This is in Spain where Apple Pay is also expected to be supported by N26 soon. Outside of Europe Apple Pay support by Wallet PrePaid, a card issued by KDDI.
News of the additional institutions now offering Apple Pay support come at a time when Apple is preparing to launch iOS 11 later in the year. During the Worldwide Developer’s Conference held last month, the Cupertino, California-based tech giant disclosed that secure peer-to-peer payments would be enabled on Messages. This extra feature will come with a fee of 3% when a credit card is used but it will be free when a debit card is used.
The news also coincide with an analyst report which has revealed that Apple is still struggling to find a way of fitting its fingerprint reader, Touch ID, on its upcoming premium iPhone. This is because the new iPhone is not expected to have a Home button and will also not have bezel edges. Touch ID is necessary in the verification of users when they are making purchases using Apple Pay.
“Apple continues to struggle with the workaround for the fingerprint sensor. This increases the potential that the new OLED iPhone could be delayed, or ship without a fingerprint sensor,” Josh Beck, John Vinh, and Andy Hargreaves, analysts at KeyBanc Capital Markets, wrote in a client note.