More Banks Join Apple Pay Network - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » More Banks Join Apple Pay Network

More Banks Join Apple Pay Network

The content is accurate at the time of publication and is subject to change.

Ever since Apple Pay hit the market last year, banks have been signing up so their customers can use the new mobile payment service. Over 20 banks and credit unions with MasterCard branded cards in their portfolios have recently come on board. Cardholders with these institutions can use their iPhones to pay for everything from groceries and gas.

This warm reception by card issuers is seen by MasterCard to be a win for cardholders. “Consumers want to be able to shop where they want, when they want and how they want – and they want to do so with the confidence that their money is safe and secure no matter how they choose to pay,” said Matt Barr, group head, U.S. Emerging Payments MasterCard.

Not all retailers take Apple Pay so to get consumers started using it MasterCard has released an app of their own called MasterCard Nearby app which lets people find stores where they are that accept contact-less payments. It’s available at the App Store.

The newbies

The latest banks offering their MasterCard credit and/or debit cardholders access to Apple Pay include: US Bank, Hiway Federal Credit Union, KeyBank, Lake Michigan Credit Union, Logix Federal Credit Union, Meijer Credit Union, Mission Federal Credit Union, Point Bank, Prosperity Bank, Sandy Spring Bank, Silicon Valley Bank, Wanigas Credit Union, Wesbanco, West Community Credit Union, BMO Harris, Cambridge Savings, Canton School Employees Federal Credit Union, Centennial Bank, Citadel Federal Credit Union, First Community Bank & Trust, First Community Credit Union, Foothill Federal Credit Union, and GTE Financial.

People with a small business MasterCard from either Bethpage Federal Credit Union or Navy Federal Credit Union can also now use Apple Pay.

How it works

Apple Pay is included with the iPhone 6 and the iPhone Plus. When a credit or debit card is added to the mobile payment system the number is not stored. Instead the system creates a one-of-a-kind Device Account Number, which is then encrypted and securely stored in the device. Each time people pay, a unique security code is created just for that transaction adding a layer of security.

When people want to pay for a purchase they hold their phone close to the contact-less card reader, with their finger on the Touch ID pad to verify their identity.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Commerce Bank Launches Toggle
Commerce Bank Launches Toggle

Posted: January 20, 2015

People can link two checking accounts from any bank to their Commerce Bank credit card to get their customized payment plan started. Options are provided on how to pay for everything from groceries and gas to a new computer or even a… Continue reading

MasterCard and First Performance Global Expand Their Relationship
MasterCard and First Performance Global Expand Their Relationship

Posted: May 14, 2015

MasterCard has taken its relationship with First Performance Global up a notch, by signing a deal expanding their intellectual property relationship and extending the licensing for its proprietary MasterCard In Control technology. Continue reading

Apple Pay Comes to Amex Corporate Cards
Apple Pay Comes to Amex Corporate Cards

Posted: September 04, 2015

Corporate American Express cardholders can now use Apple Pay, so they can pay with purchases when they are on the go with their Apple devices, whether an iPhone, iPad or Apple Watch. This new option is only available for U.S. corporate… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
For Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!