CUPERTINO, Calif.—Apple said it has added several-dozen new financial institutions, including credit unions, plus new retailers to its Apple Pay e-commerce solution, which allows customers to buy things using their iPhones.
Among the new CUs now onboard with Apple Pay: Black Hills FCU, Dupaco Community Credit Union, and Idaho Central Credit Union. They join five other credit unions already up and running, and dozens more are in the pipeline.
Several large banks have also been added, including TD Bank North America and Commerce Bank. Apple reported that it now supports cards that represent about 90% of the credit card purchase volume in the United States.
Recent retailers signing on include Staples, Winn-Dixie, Whole Foods, Albertson’s and even the Orlando Magic, which said fans will be able to use Apple Pay at beverage stands during games.
In its case, Whole Foods reported that since the service was released in October it had processed more than 150,000 Apple Pay transactions. McDonald’s said Apple Pay accounted for 50% of its tap-to-pay transactions in November.
Forrester Research recently projected that mobile payments will total $142 billion by 2019.
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