The future of money transaction
Earlier, the debit card and credit card were introduced to make the money transactions easier and quicker. Well, the process of the money transaction was quick with the credit and debit card system but still it took few extra minutes based on the network strength. Yes, after inserting the card into the payment machine it takes some minutes to communicate between the banks and process the transaction. Now a day, as everyone carries a smartphone with them, Google implemented the smartphone transaction system.
Android Pay work with smartwatch
On that note, the Google has introduced the Google Android pay app back in 2015 to transfer the money via smartphones. However, the tap and pay will be faster than debit and credit cards. Using the (NFC) technology, it is even easier to pay the money with the smart watches. The user needs to store their credit or debit card information on their Android pay account for the transactions. The user needs to bring the device straight to the retailer’s point-of-sale terminal to transfer the money.
The Google has started to add the banks and other financial institutions on the Google Android pay app to make the app effective. The Google has been updated the Android Pay back in August with the 17 new banks. The list includes the bank list of Credit Union ONE, American Eagle Financial Credit Union, Gerber Federal Credit Union etc.
Now, the Google has added some new banks and financial institutions into their already existing list, this would help the US citizen on paying the amount for the selected products or items. Are you all eager to know whether your bank account name has added to their list? Here is the list of 24 newly added banks and financial institution.
New list of Bank and Financial Institutions
Great Plains Bank, Mascoma Savings Bank, Meriwest Credit Union, One Bank & Trust, TrueCore FCU, Guaranty Bank & Trust Company of Delhi, Security Federal Bank, Gulf Winds FCU, Nascoga Federal Credit Union, Meadows Bank, N.A., Pen Air FCU, Westmoreland Community FCU, Citizens Bank (WI), Bank of Idaho, Texas Brand Bank, The Bryn Mawr Trust Co., The State Bank and Trust Company, Beehive Federal Credit Union, Duke University FCU, West-Aircomm FCU, Xplore Federal Credit Union, Wauna FCU, First Community Bank (TX) and Community National Bank & Trust of Texas.
Now 1,000 Banks and Financial Institutions
If you have accounts in one of these aforementioned banks then, make use of the Android Pay to the transfer the money. With the newly added list, now Android Pay supports closely 1,000 banks and other financial institutions in US.