It looks like Apple Pay is making money moves — by announcing several new partnerships on Tuesday.
Soon customers will be able to use the mobile payment system in all 1,850 Target stores, along with Taco Bell, Speedway convenience stores, Hy-Vee supermarkets, and Jack in the Box. Apple says the addition of these national retailers mean 74 of the top 100 merchants and 65 percent of all retail locations in the U.S. will support Apple Pay.
Vice President of Internet Services at Apple, Jennifer Bailey, cites the system as the easiest and fastest way to pay in stores, in addition to being more secure than using debit or credit cards. And clearly Target agrees, with its Chief Information Officer Mike McNamara describing the move as an effort to begin "offering guests more ways to conveniently and quickly pay."
Target originally partnered with Best Buy and Walmart in 2012 to create payment systems for each individual retailer called the Merchant Customer Exchange (MCX), reports The Verge. Walmart is still holding out by sticking with Walmart Pay, but by the looks of it, Apple Pay might get to the company sooner rather than later. Amari Pollard