02/10/2022
Apple introduced the Tap to Pay feature for iPhone, ...
Early rumors were right after all - Apple has officially unveiled a new Tap to Pay feature that will allow merchants to use their iPhones as a point-of-sale terminal.
How it works?
The new service will support Apple Pay (both iPhone and Apple Watch), contactless credit and debit cards, and other digital wallets. Sellers will not need any additional equipment, only a smartphone with NFC. To make a successful payment, you just need to bring another gadget or a bank card to this smartphone.
Tap to Pay uses the same payment data protection as Apple Pay, with Secure Element encryption that generates unique transaction IDs every time you make a purchase.
Tap to Pay on iPhone will work with contactless credit and debit cards from leading payment networks, including American Express, Discover, Mastercard and Visa.
The service will also be available to developers for integration into their applications. The first platform will be Stripe.
Tap to Pay will work first in the US, but a little later.