{"id":11041,"date":"2022-02-08T16:50:06","date_gmt":"2022-02-08T16:50:06","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/apples-tap-to-pay-lets-iphones-accept-contactless-payments\/"},"modified":"2022-02-08T16:50:06","modified_gmt":"2022-02-08T16:50:06","slug":"apples-tap-to-pay-lets-iphones-accept-contactless-payments","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/apples-tap-to-pay-lets-iphones-accept-contactless-payments\/","title":{"rendered":"Apple\u2019s Tap to Pay Lets iPhones Accept Contactless Payments"},"content":{"rendered":"

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Apple has unveiled a new feature that lets businesses take iPhone-to-iPhone payments<\/a> without any additional hardware. This could be a game-changer for small businesses that need to accept credit cards.<\/p>\n

\u201cAs more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,\u201d said Jennifer Bailey, Apple\u2019s vice president of Apple Pay and Apple Wallet in a press release<\/a>.<\/p>\n

The first company to get on board with Apple\u2019s new payment system is\u00a0Stripe, which will start using it in Spring 2022. Apple said other companies would jump on later in 2022. The system will work with\u00a0Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap to an iPhone.<\/p>\n

For businesses who use companies like Stripe to process their credit cards, being able to take contactless payments right from an iPhone without any additional card readers could be a game-changer, as it allows them to get out to where their customers are and take payments quickly and safely.<\/p>\n

\u201cWhether you\u2019re a salesperson at an internet-first retailer or an individual entrepreneur, you can soon accept contactless payments on a device that\u2019s already in your pocket: your iPhone,\u201d said Billy Alvarado, Stripe\u2019s chief business officer.<\/p>\n

As far as privacy and security goes, Apple says that \u201cWith Tap to Pay on iPhone, customers\u2019 payment data is protected by the same technology that makes Apple Pay private and secure.\u201d If you trust Apple Pay<\/a> with your payments now, the same level of security will apply to this new feature.<\/p>\n

How popular this is will depend on developers adopting it, as Apple is releasing it for them to use. Only time will tell how many payment processors decide to use Tap to Pay, but seeing as it\u2019s Apple pushing it, we\u2019d expect it to catch on.<\/p>\n<\/div>\n