25 November 2017
visit www.aciworldwide.com

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  13019 views  |  1 Apple Pay

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Apple says that momentum for mobile payments continues to build, with dozens more banks, retailers and startups registering with Apple Pay over the past few weeks.

New banks onboard include SunTrust, Barclaycard and USAA, with a further ten financial services firms set to unveil their offerings this week.

In the retail sector, office supply chain Staples and supermarkets including Winn-Dixie and Albertsons will be hoping to emulate the experience of the likes of Whole Foods, which claimed to have processed over 150,000 Apple Pay transactions in the three weeks after its launch. And at Walgreens, a drugstore chain of more than 8000 stores, Apple Pay doubled the number of mobile wallet payments being made.

The Apple Pay effect on the mobile wallet market in the US has been described as a "rising tide that lifts all boats", by the boss of rival telco-backed wallet Softcard.

With momentum building, handset maker Samsung is understood to be in talks with payments startup LoopPay to license its technology and launch a rival to Apple Pay in the first half of 2015.

Comments: (1)

John Candido
John Candido - Black Cabs - Melbourne | 18 December, 2014, 12:17

Apple Pay is simply going to be humungous! I see it stoping nowhere anywhere around the globe.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Americans trust banks over Apple for mobile wallets

Americans trust banks over Apple for mobile wallets

14 November 2014  |  13993 views  |  1 comments | 24 tweets | 17 linkedin
Money20/20: MCX and Softcard set out plans to take on Apple Pay

Money20/20: MCX and Softcard set out plans to take on Apple Pay

05 November 2014  |  8233 views  |  0 comments | 5 tweets | 5 linkedin
US banks pay high price for cosying up to Apple

US banks pay high price for cosying up to Apple

05 November 2014  |  17114 views  |  8 comments | 25 tweets | 26 linkedin
MCX confirms merchant exclusivity terms; reveals hack

MCX confirms merchant exclusivity terms; reveals hack

29 October 2014  |  16183 views  |  9 comments | 16 tweets | 7 linkedin
Wells Fargo offers $20 to customers using Apple Pay; one million bank cards already loaded

Wells Fargo offers $20 to customers using Apple Pay; one million bank cards already loaded

28 October 2014  |  10198 views  |  0 comments | 9 tweets | 13 linkedin
Apple Pay hits roadblock as US pharmacies disable NFC access

Apple Pay hits roadblock as US pharmacies disable NFC access

27 October 2014  |  14770 views  |  6 comments | 20 tweets | 12 linkedin
Rotten Apple? BofA duplicates Apple Pay transactions

Rotten Apple? BofA duplicates Apple Pay transactions

23 October 2014  |  6942 views  |  5 comments | 4 tweets | 2 linkedin
Apple Pay launches

Apple Pay launches

20 October 2014  |  11959 views  |  1 comments | 10 tweets | 14 linkedin
Apple Pay to launch on Monday; banks rush to sign up

Apple Pay to launch on Monday; banks rush to sign up

16 October 2014  |  14240 views  |  3 comments | 28 tweets | 34 linkedin
Icahn bullish on Apple Pay prospects

Icahn bullish on Apple Pay prospects

10 October 2014  |  6629 views  |  2 comments | 4 tweets | 9 linkedin
Visa Europe mobile director joins Apple

Visa Europe mobile director joins Apple

25 September 2014  |  15482 views  |  1 comments | 9 tweets | 15 linkedin
Surprise! Apple makes payments play

Surprise! Apple makes payments play

10 September 2014  |  18321 views  |  31 comments | 36 tweets | 42 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit https://www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Sepa instant payments goes liveSepa instant payments goes live
10972 views comments | 46 tweets | 79 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
9533 views comments | 25 tweets | 37 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
8198 views 0 | 20 tweets | 9 linkedin
Axis Bank uses Ripple to open new payment corridors between the UAE and SingaporeAxis Bank uses Ripple to open new payment...
8137 views comments | 8 tweets | 22 linkedin
UK Open Banking expanded to cover all PSD2 productsUK Open Banking expanded to cover all PSD2...
7824 views comments | 21 tweets | 47 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job