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Morgan Stanley and 19 Other Banks and Credit Unions Join Apple Pay

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Apple has continued to add more banking institutions to Apple Pay today with the news that 20 new banks and credit unions, including Morgan Stanley, are now on board with Apple Pay.

AppleInsider writes that while major investment bank Morgan Stanley does not actually have a retail banking service, and so might seem a strange choice for Apple Pay, it does in fact offer customers of its wealth management services exclusive credit cards.

One such card is JPMorgan Chase’s Palladium card, which is made from gold and platinum, and said to cost approximately $1,000 per card. And even if you can afford that steep initial price, you also have to invest $20 million with the bank to qualify!

Morgan Stanley also has a special card arrangement with American Express, offering a version of the American Express Platinum card.

The other new financial institutions that are now compatible with Apple Pay are as follows:
Affinity Federal Credit Union, Cabela's Club, Central Bank, Credit Union of Southern California, Farmers & Merchants Bank of Long Beach, First National Bank of Omaha, First Sentry Bank, FirstBank, Grow Financial Federal Credit Union, Ideal Credit Union, Redwood Credit Union, State Department Federal Credit Union, Teachers Credit Union, Technology Credit Union, The Northern Trust Company, The Independent BankersBank, United Federal Credit Union, and Utah First Federal Credit Union.

Source: Morgan Stanley leads 20 new bank and credit union additions for Apple Pay
 
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