Apple Pay (AAPL) Now Supports Cards Representing 90% of U.S. Card Purchase Volume

Apple's (Nasdaq: AAPL) Apple Pay initiative is expanding nicely amid launching just a few months back.

According to the NY Times, Apple said it has signed dozens of banks, retailers, and startups to adopt the payment platform. Banks include USAA, Barclaycard, and SunTrust. Apple says it now supports cards the represent about 90 percent of U.S. credit card purchase volume.

Retailers that recently added the service include Staples, Winn-Dixie, and Albertsons.

Whole Foods (Nasdaq: WFM), which adopted Apple Pay when it was released, said it processed over 150,000 transactions the next day. McDonald's (NYSE: MCD) also said Apple Pay amounted to about 50 percent of its "tap-to-pay" transaction volume last month.

Shares of Apple are lower in early trading Tuesday.

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