Latest news with #contactlesspayments
Finextra
29-05-2025
- Business
- Finextra
NMI rolls out Tap to Pay on iPhones in US
NMI®, a global leader in embedded payments infrastructure, now enables its U.S. customers to seamlessly and securely accept in-person, contactless payments with Tap to Pay on iPhone. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using Tap to Pay on iPhone is easy, secure and private. With Tap to Pay on iPhone, at checkout, merchants simply prompt the customer to hold their contactless payment method near the merchant's iPhone, and the payment is securely completed using NFC technology. Apple's Tap to Pay on iPhone technology uses the built-in features of iPhone to help protect business and customer data. Apple doesn't store card numbers on Apple servers, so merchants and customers can rest assured that their data stays theirs.* NMI now offers two quick and easy options for enabling Tap to Pay on iPhone: NMI Tap to Pay iOS SDK empowers SaaS developers and fintech providers to embed Tap to Pay capabilities directly into their own iOS applications creating one seamless payment experience. The Cloud Commerce iOS app, powered by Mastercard's Cloud Commerce solution (available soon on the Apple App Store), enables small businesses to quickly start accepting payments with just an iPhone, no new hardware required. NMI's partners have the flexibility to either embed Tap to Pay on iPhone directly into their own apps using NMI's iOS SDK, or provide merchants an out-of-the-box solution with the Commerce Cloud iOS app. In both cases, merchants can start accepting contactless payments within minutes on an iPhone XS or later, running the latest version of iOS. Morné Botha, CEO at Jondosports USA, said: 'Demo days just became a whole lot easier. We frequently host demo days at golf clubs, and processing payments from golfers used to be quite a hassle. However, with [NMI partner] Paysley's app and Tap to Pay on iPhone, we can now complete sales and accept payments right on the spot—it's truly a game changer. Golfers love the convenience. It's quick, easy and helps keep everything running smoothly.' Tiffany Johnson, Chief Product Officer at NMI, said: 'At NMI, we are committed to democratizing payment acceptance. Tap to Pay on iPhone is the next wave of payment innovation: mobile-first, free of additional payment hardware and built for scale. With our low-code SDK and no-code Commerce Cloud app options, we are giving businesses of all sizes—from enterprise platforms to mom-and-pop shops—a fast, flexible way to accept secure, contactless payments and deliver seamless checkout experiences everywhere they do business.' Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America, said: 'The future of commerce is rooted in checkout solutions that are convenient, frictionless and secure. By combining Tap to Pay on iPhone with Mastercard's Cloud Commerce technology and NMI's advanced payments infrastructure, we are removing last-mile barriers for businesses, enabling seamless in-person transactions. This is particularly crucial for small businesses seeking tools to thrive in today's digital era. With this contactless solution, we are driving greater acceptance across physical locations and offering more choice and flexibility for merchants and consumers alike.' Chris Roets, Founder and General Manager, Paysley, said: 'The integration of the NMI Tap to Pay iOS SDK marks a major step forward in our mission to empower merchants with smarter payment tools. It unlocks fast, secure mobile payments and gives businesses the flexibility to accept transactions anywhere, without being tied to traditional hardware."
RNZ News
28-05-2025
- Business
- RNZ News
Xero's new feature allows faster payments for small businesses
Photo: 123RF Accounting software firm Xero has joined the ranks of firms enabling contactless payments. From today, it's offering a new feature allowing small businesses to accept all forms of contactless payments, including credit and debit cards, Apple Pay, and digital wallets. Tap to Pay on iPhone sees payment taken instantly via payment software Stripe and sent straight through to the bank as well as the Xero accounting app. Xero's general manager for payments Peter O'Malley said cash flow was critical to small businesses but they needed help to cope with so many methods, cut administration costs, reduce late payments and match what consumers wanted. This month, new research by Xero revealed a mismatch between the way consumers prefer to pay and the payment options offered by small businesses. For Aotearoa consumers, card payments remain the main way to pay, with 86 percent using credit or debit cards to make payments. A quarter of New Zealanders use Apple Pay or Google Pay to make payments. Yet only two in five small businesses provide credit or debit card payment options to their customers and clients, and just 17 percent offer mobile payments. The May survey of 1005 New Zealand adults and 508 small business leaders found more than a third (38 percent) of consumers were frustrated when their preferred payment option was not available. O'Malley said Tap 2 Pay should help small businesses retain customers and attract new ones. "Importantly for small businesses, 22 percent of those consumers would actually walk away and take their business elsewhere [if they can't use their preferred payment option]." O'Malley said getting paid was "absolutely critical" to small businesses. But, for many, keeping up with payment methods and the technology demanded by consumers was "not exactly their core business". Tap To pay would allow small businesses to focus on running their company, he added. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Finextra
13-05-2025
- Business
- Finextra
Nubank launches tap-to-pay Pix
Brazilian digital banking giant Nubank is rolling out a feature that lets customers tap their phones for ins-store transactions via the country's Pix instant payments system. 0 Customers that have a Pix key registered with Nubank and an Android device will be able to make contactless payments on any enabled point-of-sale terminal, with confirmation via biometrics or password. Users will also have the choice between paying with their available account balance or credit, in up to 12 instalments. In an effort to improve convenience and boost take-up, a shortcut for tap-to-pay Pix can be added directly onto the customer's phone home screen. Launched in late 2020, central bank-run Pix has proved a runaway success and is already the most popular payment method in Brazil.
Daily Mail
09-05-2025
- Business
- Daily Mail
Contactless £100 limit set to be scrapped in major change to payments
The Financial Conduct Authority is reviewing whether the £100 contactless payment limit should be removed or increased - and today is your last chance to have your say on the plans. The cap on contactless card payments could be scrapped, meaning shoppers would be able to spend more money without having to use their PIN As part of the consultation process, the FCA sought views from the public and businesses on the changes it is considering for the contactless payment limit. The deadline to submit a response is today, 9 May, bringing the consulatation to a close. The financial regulator first announced the plans in January. Currently, contactless payments are limited to purchases of up to £100. However, with food inflation soaring and the cost of supermarket shops going up, regulators are considering scrapping the limit and letting banks and payment providers set their own. The FCA launched a consultation as part of wider efforts to support economic growth. In a letter to the Government, the FCA suggested it could remove the £100 contactless limit - this in turn would 'allow firms and customers greater flexibility and level the playing field with digital wallets'. The move would bring the UK in line with the US, where there is no fixed limit. This allows customers in shops to use contactless for the majority of their payments and transactions. Contactless payments are now the norm for shoppers. In October 2024, a study by industry body UK Finance found contactless payments accounted for 65 per cent of all credit card and 77 per cent of all debit card transactions. Overall Britons made 1.6billion contactless card transactions in that month. Contactless payments were first introduced in 2007 with a cap of £10. The limit gradually increased until 2021 when the £100 limit came in. Fraud is a major consideration when it comes to plans to raise the contactless limit or even scrap it altogether. Experts fear the change could create a problem for stolen bank cards as victims could theoretically lose more money before a card is blocked. A spokesman for UK Finance said: 'We are continuing to speak to the FCA to understand their thinking and plans. 'We understand they are looking at whether industry can have greater involvement and flexibility in the limit in the future.'
