CUPERTINO, Calif. (12/22/14)--At least eight credit unions have signed up for Apple Pay, the new mobile wallet from Apple.
With Apple Pay--rather than using a traditional plastic card in stores--consumers can pay with their iPhone 6 or iPhone 6 Plus. They can also make purchases online within apps with Apple Pay using the newest iPhones and iPads.
"We're committed to giving our members access to the latest mobile payment technology to make banking simple," said David Mickelson, vice president of retail delivery operation at UW CU, Madison, Wis., one of the credit unions that recently enlisted in the service. "Apple Pay will save members time, making their cards even more convenient to use at stores."
To get started with Apple Pay, members add their card information to an iPhone 6, iPhone 6 Plus or Apple Watch. When checking out, they hold the device near participating merchants' card readers with a finger on Touch ID, which completes the transaction. The process is secure because the actual credit and debit card numbers aren't stored on the device or on Apple servers.
Other credit unions signing up for Apple Pay, according to Apple's website, include: