Tap to Pay convierte el iPhone en una terminal de pagos
February 11, 2022 - Tap to Pay, incluido en la actualización de software iOS 15,4 de Apple, permite a pequeñas empresas convertir un iPhone en una terminal de pagos.
In what could be a massive shake-up of the credit card payment business, Apple is said to be developing iPhone software that will allow a small business to use the smartphone to accept credit card payments, rendering costly third-party point of sale hardware, such as the market-leading Square Reader, obsolete.
Apple has been working on the new feature since it bought Canadian startup Mobeewave for $100m in 2020. The firm specialised in developing technology for smartphones to accept credit card payments using the devices’ Near Field Communication (NFC) chip/antenna.
Given that modern iPhones contain an NFC system already, it is most likely the new functionality will be included in a future iOS update – possibly iOS 15.4 – and be bundled in as part of existing Apple Pay technology.
There are over 11 billion EMV chip credit cards in circulation worldwide – cards with an embedded smart chip that stores data needed to process a transaction.
EMV security technology was pioneered by Europay, MasterCard and Visa way back in 1994, and has become the standard for payments made with credit, debit, or prepaid smart cards.
- Apple to rival Square by turning iPhones into payment terminals (Bloomberg)
- Upcoming iOS update will allow iPhones to accept credit cards directly using NFC (MacRumors)
- What is NFC and how does it work? Everything you need to know (Android Authority)
- EMV chip credit card technology in 8 FAQs (Thales)
- Square Point of Sale (Square)