The list of financial institutions that support Apple Pay is large and grows on a daily basis. You can find an up-to-date list at Apple's participating issuers page.
Apple Pay uses a sophisticated security system that makes it even more secure than using your actual credit card. For starters, you need the PIN and/or fingerprint ID to use Apple Pay on your device. Once you've added a card, your payment network/bank issues a Device Account Number that is specific to your device. This is encrypted and sent to Apple (who can't decrypt it) who then adds it to the Secure Element in your device, along with other information.
Apple's (NASDAQ: AAPL) mobile payment system, Apple Pay, is off to a tremendous start just months after launch. Numerous U.S. retailers and financial institutions have jumped onboard and Apple Pay has already gained more traction than rivals' e-wallets, including Google Wallet, which launched over three years ago. Apple is now looking for Apple Pay support across the pond.
According to The Telegraph, Apple is currently in talks with several major British banks over its "wave and pay" service. Although all the major banks realize it would be foolish not to participate, there are some points of contention in the negotiations. At least one unnamed institution is concerned with the amount of personal data Apple intends to collect.
On Tuesday Apple (NASDAQ: AAPL) reported that dozens of companies have signed up for Apple Pay over the past several weeks. The list of companies accepting Apple's e-wallet, which started with financial giants Visa, Mastercard and American Express among others, has grown continuously since the project began in early 2013. When it went live in October, over a million credit cards were registered within the first three days, which rocketed its status to the largest mobile payment system in existence.
According to The New York Times, recent sign-ups including Barclaycard, SunTrust, USAA and ten banks, including TD Bank, all support the payment system as of today. Other new additions include Staples, which now accepts Apple Pay at 1,400 of its locations, grocers Winn-Dixie and Albertsons, and the AmWay center, home of the Orlando Magic. A list of financial institutions that already support Apple Pay can be found here.
Apple's (NASDAQ: AAPL) highly anticipated wearable may face an uphill battle in Europe where, according to a survey, the populace doesn't appear to be interested in the Apple Watch, at least not nearly as much as Chinese and American consumers. The indifference likely stems from the fact that some of the most highly touted features of the device are old news in the Old World.
German market research group, GfK, conducted the survey, asking 1,000 smartphone owners from each market (Germany, UK, China, US, South Korea) about their interest in various smartwatch functions, assuming the device was completely secure.