Processor Adyen NV is poised to be among the first to offer Apple Inc.’s Tap to Pay on iPhone service to U.S. merchants.
Sometime later this year the service will launch, enabling compatible iPhones to accept contactless payments without the use of additional hardware or payment terminals. Announced in February by Apple, Tap to Pay on iPhone requires an app from a participating payments provider on the iPhone accepting the payment to enable the near-field communication chip on iPhones to recognize an NFC-enabled card, Apple Pay, and other digital wallets and to complete a payment transaction.
Adyen said it is working with Apple on the service, but did not disclose more definitely when it might be available, other than to say it will be later this year. Amsterdam-based Adyen also said it is working with Lightspeed Commerce Inc., a point-of-sale platform, and NewStore, a commerce platform, to market the service to additional customers. Tap to Pay on iPhone requires an iPhone XS or later model. Adyen would not comment beyond a press release.
In Apple’s February announcement, it said Stripe Inc. would be the first payment platform to offer Tap to Pay on iPhone to its business customers, including the Shopify Inc. Point of Sale app this spring.
“Partnering with Adyen to provide Tap to Pay on iPhone is a huge win for our U.S. customers,” Jona Georgiou, general manager of payments and financial services at Lightspeed, said in a statement. “This feature gives merchants even more checkout options to provide amazing customer experiences.”
“With many businesses increasingly equipping their employees with iPhones to better serve their shoppers, this product will further streamline the checkout processes for shoppers,” said Kamran Zaki, Adyen chief operating officer, in a statement. “Tap to Pay on iPhone is going to be a great solution for our customers looking to create even better in-person experiences.”
Similar capabilities already exist for Android-based devices. In January, MagicCube Inc. launched its i-Accept Cloud platform that can operate on iOS and Android devices.