JP Morgan Payments announces the launch of Tap to Pay on iPhone for merchant customers in the United States. The solution allows sellers to accept contactless payments with their iPhones, without requiring a card reader or additional equipment.
Using only an iPhone, merchants can now accept contactless payments without a physical terminal. The result is a differentiating payment experience where merchants and their customers can interact and pay anywhere via WiFi or cellular service, resulting in a fast and seamless payment experience. The solution gives merchants the ability to accept payments anywhere in-store or on the go.
Takis Georgakopoulos, Global Head of Payments, JP Morgan: “Today’s announcement marks a critical moment in the evolution of our business. Improving consumers’ ability to pay with their payment method of choice is part of our overall customer-centric approach to simplifying omnichannel payment acceptance for merchants. As consumer payment needs continue to rapidly evolve, this is a true demonstration of our ability to innovate at scale to support our merchant customers in this transformation. »
Sephora is the first JP Morgan Payments customer to offer the Tap to Pay service on iPhone, which is currently being rolled out to all of its stores in the United States. With Tap to Pay on iPhone, Sephora Beauty Consultants can accept contactless credit and debit cards, Apple Pay and other digital wallets anywhere in the store, simply by using their iPhone and the Point of Sale app. No additional equipment is needed, regardless of the purchase amount. Tap to Pay on iPhone is an essential part of the product strategy to deliver on JP Morgan Payments’ commitment to providing seamless payment and transaction experiences for businesses and consumers.
Also Read: Nitrogen AI Marketing Content Tool Sees Immediate Adoption by Wealth Management Firms
“We are thrilled to partner with JP Morgan Payments to bring Tap to Pay to iPhone and continue to bring innovative payment solutions to the Sephora shopping experience,” said Stefan Jensen, Vice President, Treasurer, Sephora. “Sephora operates with a customer-centric mindset, and its goal is to provide a refined shopping experience, however its community chooses. Tap to Pay on iPhone allows our Beauty Consultants to easily perform contactless transactions with an iPhone, anywhere in the store. Everyone’s a winner: our customers get a seamless and secure transaction without waiting in a long line, and our Beauty Consultants have more freedom to build personalized connections with our buyers. »
JP Morgan Payments’ Tap To Pay iPhone offering will allow customers to accept payments from contactless credit cards, debit cards and NFC-enabled digital wallets available on smartphones and smartwatches.
Max Neukirchen, Global Head of Payments & Commerce Solutions, JP Morgan Payments: “Giving consumers the ability to pay seamlessly from smartphone to smartphone is a very promising development. This solution means that our merchants no longer have to worry about certain pain points, such as card reader Bluetooth connectivity, terminal recharging or manual entry of card information. This solution will provide a truly flexible payment experience that is ideal for merchants and customers alike. »
Tap to Pay on iPhone is easy as pie for the user. The employee selects Tap to Pay on iPhone, and the customer taps their contactless card or mobile device on the employee’s iPhone to complete the payment.
JP Morgan Payments will roll out the Tap to Pay iPhone solution to US merchants over the next year, including SMBs.
SOURCE: BusinessWire