Home > Mobile > Everything you need to know about Android Pay

Everything you need to know about Android Pay

Chase will support Android Pay some time 'this year'

With Android Pay, you can start leaving your wallet behind, as anyone with a compatible device can pay for goods and services with a simple tap of your phone against a compatible point-of-sale terminal with NFC. Here’s everything you need to know about Android Pay, including the places and banks that support it.

The banks and credit cards that support it

Three of the top four banks support Android Pay. JP Morgan and Chase lags behind Wells Fargo, Citi, and Bank of America in adopting the Google’s mobile payment framework, and that’s because the company is focusing on its own Chase Pay service. If you’re desperately waiting for Chase to support Android Pay, you won’t have to wait longer than the end of the year.Android Pay

We tweeted at Chase bank to see when Android Pay support would come. The company’s support team responded, saying that Android Pay support will come “this year.” That could mean from June to December, but hey — at least you know it’s coming.

Bank of America is installing NFC into their ATMs around the country, and customers will be able to withdraw cash with just their phone. The bank plans to have Android Pay supported ATMs around the country by the end of the month.

MasterCard, Visa, American Express, and Discover support Android Pay. Most banks that already support Apple Pay will back Google’s service, since both use similar NFC technology for payments.

Google added 55 banks and credit unions in May 2016, including A+ Federal Credit Union, Achieva Credit Union, Affinity Federal Credit Union, Alliant Credit Union, America’s Credit Union, Andrews Federal Credit Union, and many more. With these additions, Android Pay now supports a total of 102 banks and credit unions. Click here to check out the full list.

Related: Here are nine apps for the tech-savvy financial planner or investor

Back in September 2015, when Android Pay launched, Google specifically mentioned American Express, Bank of America, Discover, Capital One, Citi, Navy Federal Credit Union, PNC, Regions Bank, TD Bank, USAA, Wells Fargo, and U.S. Bank as partners. You’ll also be able to store credit, debit, gift, and loyalty cards on Android Pay.

Android Pay

Like most NFC payment systems, Android Pay comes with all the necessary security, including a way to shut down devices that have been stolen, so nobody can use your card. The system uses tokenization, which processes transactions via individual random account numbers, rather than your actual credit or debit card account number. In-app purchases are as safe as its NFC contactless counterpart.

1 of 7