Apple Pay 2015: Payment System Will Be Supported by More than 1 Million Locations by July, Passbook Renamed
Apple Pay is getting some updates and more features, according to announcements made at the Apple Worldwide Developers Conference Monday, CBS reports.
The company's head of Apple Pay, Jennifer Bailey, took the stage Monday to discuss ways Apple plans to improve its payment service and encourage users to ditch their wallets and purses.
Apple Pay is coming to Discover. That means that 50 million card members could soon be using Apple Pay to pay for their purchases, BGR reports. Additionally, Trader Joe's, Baskin Robbins and El Pollo Loco will soon accept Apple Pay.
A new Square reader will soon be introduced that will have Apple Pay compatibility, Tech Crunch reports. This new reader will have a NFC reader that will allow it to accept Apple Pay by simply tapping a device to the reader.
Bailey said that by July, Apple Pay will be supported at more than 1 million locations. Additionally, Apple Pay users on Pinterest will be able to use the new "buy" buttons on the service with Apple Pay, on Apple devices only.
The passbook app, which stored loyalty cards will also see a refresh. Passbook will be re-branded as Wallet.
"One place for all your credit and debit cards, loyalty cards and more," Bailey said. Apple is really "well on its way" to replacing customers' wallets.
Wallet will allow users to store their loyalty cards and rewards cards along with their debit and credit cards all in one place. Additionally, store credit cards from merchants like Kohl's will work with Wallet too.
Bailey announced that Apple Pay is coming to the U.K. next month, USAToday reported.
When it launches, more than 250,000 merchants will support Apple Pay. Even the London Transportation System will be supported by Apple Pay, allowing riders to pay for bus and subway fares with Apple Pay.
Apple Pay first emerged last fall with the new iPhones and an updated operating system.
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