Apple unveils contactless payments via Tap to Pay on iPhone – Apple

February 8, 2022

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apple lets businesses accept contactless payments via tap to pay on iphone

Later this year, U.S. merchants will be able to accept Apple Pay and other contactless payments simply by using iPhone and an iOS partner-enabled app

cupertino, california apple today announced plans to introduce tap to pay on iphone. The new capability will enable millions of merchants in the United States, from small businesses to large retailers, to use their iPhone to seamlessly and securely accept Apple Pay, contactless credit and debit cards, and other digital wallets with a simple tap on your iPhone, no additional hardware or payment terminal is needed. tap to pay on iphone will be available for payment platforms and app developers to integrate into their ios apps and offer as a payment option to their business customers. Stripe will be the first payment platform to offer Tap to Pay on iPhone to its business customers, including the Shopify POS app this spring. additional payment platforms and apps will follow later this year.

“as more and more consumers tap to pay with digital wallets and credit cards, tap to pay on iphone will give businesses a secure, private and easy way to accept contactless payments and unlock new payment experiences Using the power, security and convenience of iPhone,” said Jennifer Bailey, vice president of Apple Pay and Apple Wallet at Apple. “In collaboration with payment platforms, app developers and payment networks, we are making it easier than ever for businesses of all sizes, from independent entrepreneurs to large retailers, to seamlessly accept contactless payments and continue to grow their business.”

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once tap to pay on iphone becomes available, merchants will be able to unlock contactless payment acceptance through a compatible ios app on an iphone xs or later device. At checkout, the merchant will simply ask the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone, and the payment will be completed securely. Using NFC technology. No additional hardware is needed to accept contactless payments via tap to pay on iPhone, so businesses can accept payments from anywhere they do business. Apple Pay is now accepted at more than 90 percent of US retailers, and with this new capability, virtually any business, large or small, will be able to let customers tap to pay on iPhone at checkout. Tap to pay on iPhone will also roll out to Apple Stores in the US. uu. later this year.

Privacy is paramount in the design and development of all apple payment features. With tap to pay on iPhone, customers’ payment details are protected by the same technology that makes Apple Pay private and secure. All tap-to-pay transactions on iPhone are encrypted and processed using the secure element, and like Apple Pay, Apple doesn’t know what is being purchased or who is buying it.

Apple will work closely with leading payment platforms and application developers in the payments and commerce industry to bring touch to pay on iPhone to millions of merchants in the United States. tap to pay on iphone complements and enhances the robust set of payment and commerce tools that payment platforms and app developers provide to their merchant customers to help them manage and grow their businesses. Tap to pay on iPhone will work with contactless debit and credit cards from all major payment networks, including American Express, Discover, MasterCard, and Visa.

“Whether you’re a clerk at an internet-first retailer or a sole proprietor, you’ll soon be able to accept contactless payments on a device that’s already in your pocket: your iPhone,” said billy alvarado, stripe’s chief commercial officer. “With tap to pay on iPhone, millions of businesses using Stripe can enhance their in-person commerce experience by offering their customers fast, secure checkout.”

tap to pay on iphone will be available for participating payment platforms and their app development partners to leverage in their software development kits (sdks) in an upcoming beta version of ios software.

about apple

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Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s five software platforms – iOS, iPad, MacOS, WatchOS and TVOS – deliver seamless experiences across all Apple devices and provide people with innovative services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the world’s best products and leaving the world better than we found it.

the contactless symbol is a registered trademark owned by emvco, llc and used with permission.

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