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   Apple's Tap to Pay Will Allow Merchants to Accept Contactless Payments on
                                    iPhones

   Josh Centers

   Apple has finally confirmed the rumor that it will soon [1]allow
   merchants to accept payments directly on iPhones, with no additional
   hardware required. Square was the pioneer in this space years ago,
   sending out free credit card swipe readers that connected to an iPhone
   through the headphone jack to anyone who wanted them. More capable
   Square point-of-sale terminals, and it's likely that you've used one at
   some point.

   Pundits are proclaiming Apple's new Tap to Pay technology a 'Square
   killer,' but Apple isn't offering its own service. Instead, the company
   will provide the capability for partners like Stripe and Shopify, with
   more payment platforms coming later in the year. Customers will be able
   to tap a contactless payment method (like an iPhone, Apple Watch, or
   compatible credit card) to a merchant's iPhone to make a payment over
   Apple Pay, using the NFC technology built into all recent iPhones. Like
   all Apple Pay transactions, the Tap to Pay transactions will be
   encrypted and processed by the iPhone's Secure Element, and Apple won't
   know what is being purchased or who is buying it. Tap to Pay is sure to
   be a boost to Apple's steadily accelerating services business and a
   boon to small retailers in particular.

   [2]Read original article

References

   Visible links
   1. https://www.apple.com/newsroom/2022/02/apple-unveils-contactless-payments-via-tap-to-pay-on-iphone/
   2. https://www.apple.com/newsroom/2022/02/apple-unveils-contactless-payments-via-tap-to-pay-on-iphone/

   Hidden links:
   3. https://tidbits.com/wp/../uploads/2022/02/Apple-Pay_Payment.jpg

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