• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Daily News Chicago

The Chicagoland's Top Daily News Source

DAILY NEWS CHICAGO
The Chicagoland's Top Daily News Source

  • Home
  • LOCAL NEWS
  • BUSINESS
  • POLITICS
  • REAL ESTATE
  • MEET THE TEAM

iPhones to work as digital payment points in US

February 10, 2022 by Abbie Falpando-Knepp

WASHINGTON – Agence France-Presse

Apple announced on Feb. 8 a new service that will allow U.S. businesses later this year to accept payments on their iPhones from touchless cards or other iPhones, a new challenger in the booming payments business.

class=”cf”>

The iPhone-maker said no additional hardware will be required. The system will work by tapping buyer’s and seller’s devices – thus bypassing payment terminals from firms such as Block.

“The new capability will empower millions of merchants across the U.S., from small businesses to large retailers, to use their iPhone” to accept payments, Apple said in a statement.

Payments platform Stripe will in the spring be the first to offer the “tap to pay” system to their business customers, Apple noted, with others expected to follow later this year.

The system is Apple’s latest push into financial services, including its Apple Pay payment feature, and offers competition to Block’s smartphone hardware that allows merchants to swipe customers’ cards.

As part of “tap to pay,” customers in the United States would also be able to use credit and debit cards such as Visa and Mastercard as long as they have the contactless function.

class=”cf”>

Apple is not the first to turn its flagship smartphone into a payment terminal without requiring additional equipment: South Korea’s Samsung launched a similar offer in October 2019.

Iphone, US,

>>>#ad: Don't Miss Today's BEST Amazon Deals!
Originally Appeared Here

Filed Under: US

Primary Sidebar

More to See

Bail denied for 2 men charged in fatal downtown shooting

CHICAGO (AP) — Two men have been charged in a shooting that left two people dead and seven injured outside a fast-food restaurant just blocks from Chicago’s famed Magnificent Mile shopping … [Read More...] about Bail denied for 2 men charged in fatal downtown shooting

Dangerous DIY baby formula recipes go viral as parents get desperate

“Platforms still haven’t learned the lesson that their obsession with engagement is leading them to recommend wildly unsafe content,” said Laura Edelson, a computer scientist studying misinformation … [Read More...] about Dangerous DIY baby formula recipes go viral as parents get desperate

Gov. Pritzker Signs Bill Banning ‘Ghost Guns’ in Illinois – NBC Chicago

Gov. J.B. Pritzker on Wednesday signed into law legislation that bans so-called "ghost guns" across Illinois, making it the first Midwest state to do so. House Bill 4383 aims to crack down on "ghost … [Read More...] about Gov. Pritzker Signs Bill Banning ‘Ghost Guns’ in Illinois – NBC Chicago

Privacy Policy | Terms and Conditions | About/ Contact
As an Amazon Associate I earn from qualifying purchases.
Copyright © 2022 · Daily News Chicago . Log in