Last week I told you that my bank, Bank of America, was preparing us for Apple Pay with internal advertisements. This week, another bank, First Tennessee is announcing their intent to offer Apple Pay, and just this morning, TheFlyOnTheWall service reported that Whole Food Markets is going to offer Apple Pay at the checkout, also Home Depot!
It’s only a matter of time before Apple Pay sweeps across the nation. I expect adoption to accelerate in the new year as mew money misappropriated by businesses. Early adopters will have a competitive advantage, and that will quickly drive further adoptions. Apple stands to profit very handsomely. perhaps Apple Pay will become their biggest cash generator of all.
Checkout lanes in Whole Foods Market’s (WFM) 381 U.S. stores are now accepting Apple Pay (AAPL), adding to the types of Near Field Communication payments the retailer now accepts via pads and store registers. Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch, upon availability. SOURCE
First Tennessee Bank will soon offer customers the option of using a First Tennessee debit or credit card within Apple Pay, a new digital payment service from Apple (APPL) that enhances security. Customers will be able to add their credit or debit cards to Apple Pay and then make purchases in stores with an iPhone 6 without swiping the cards or in apps without entering payment and contact information. First Tennessee is a subsidiary of First Horizon National Corp. (FHN). SOURCE
Office Depot (ODP) announced that Office Depot store customers across the U.S. can now pay for their purchases via Apple Pay (AAPL) on their iPhone 6 and iPhone 6 Plus and upcoming Apple Watch. Also early in 2015, Office Depot will integrate Apple Pay into its iOS app experience, for easy one-touch payment of in-app purchases on iPhone 6 and iPhone 6 Plus, iPad Air 2 and iPad mini 3.SOURCE