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Apple Strikes Deal with PayAnywhere to Expand Apple Pay

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Aug 27, 2015, 12:37 PM by Eric M. Zeman

Apple today announced that Apple Pay is now compatible with PayAnywhere, a type of credit card reader that's in use at about 300,000 locations around the U.S. Apple will sell the newest version of the PayAnywhere terminal to merchants through its own stores. The deal expands the availability of Apple Pay significantly. Apple said it hopes to see Apple Pay accepted at more than 1.5 million locations before year's end. In order to boost interest in the terminal, PayAnywhere is offering new customers $5,000 in free Apple Pay transactions. Apple Pay makes use of NFC to power tap-and-go payments at supporting terminals. Google and Samsung are on the cusp of releasing Android Pay and Samsung Pay, respectively, which will offer similar capabilities to Android handsets.

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