Users of Apple’s latest mobile devices can start loading credit cards and make payments on Monday, October 20 when iOS 8.1 is pushed for release. Apple Pay allows shoppers to pay for items using their iPhone 6 and iPhone 6 plus devices in participating stores and within apps. The newly announced iPad Air 2 and iPad Mini 3 also will include Apple Pay, however these devices do not include NFC chips, so functionality is limited to payments within apps.
“Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger,” said Eddy Cue, SVP of Internet Software and Services at Apple. “The reaction to Apple Pay has been amazing. We continue to add more Apple Pay ready banks, credit card companies and merchants, and think our users will love paying with Apple Pay.”
At launch, Apple Pay will offer support for credit and debit cards from American Express, MasterCard and Visa that are issued from banks including Bank of America, Capital One Bank, Chase, Citi and Wells Fargo. More than 500 banks signed on to the service since its original announcement on September 9, and additional banks are expected to be added to the service, including Barclaycard, Navy Federal Credit Union, PNC Bank, USAA and U.S. Bank.
Apple’s own stores are among the first to accept Apple Pay for in-store payments. Other participating retailers at launch include Aéropostale, BJ’s Wholesale Club, Bloomingdale’s, Foot Locker, Macy’s, McDonald’s, Panera Bread, Petco, Sports Authority, SUBWAY, Toys”R”Us, Walgreens and Whole Foods Market. Additional retailers are expected to be added before the end of the year, and equipment vendors and payment solution providers are working with retailers to allow them to accept payments with Apple Pay.
“We are excited to make it easier and more convenient for our customers to shop at Whole Foods Market,” said Walter Robb, co-CEO of Whole Foods Market. “We are thrilled to be one of the first retailers to accept Apple Pay across all of our locations nationwide as it offers our shoppers a fast, private and secure check out option at our stores.”
Retailers who will offer support for in-app payments at launch include the Apple Store app, Groupon, OpenTable, Panera Bread, Staples, Target and Uber. More companies, including Airbnb, Sephora, Starbucks, StubHub, Ticketmaster and Tickets.com, are expected to add support by the end of 2014.
For more information on Apple Pay, including how it works, click here to view our earlier coverage.