In today’s fast-paced marketplace, providing seamless and secure payment options is crucial for businesses of all sizes. Interac is continuing its journey of making it easier for businesses to accept Interac® Debit, with the availability of Interac Debit contactless payments for businesses using Tap to Pay on iPhone in Canada.
What is Tap to Pay on iPhone?
Tap to Pay on iPhone enables businesses of any size to accept all types of in-person, contactless payments right on their iPhone—from physical debit and credit cards to Apple Pay and other digital wallets—no extra terminals or hardware needed. It’s easy, secure, and private.
Simplified and Secure Payment Acceptance for all Businesses
Tap to Pay on iPhone enables business owners to enhance convenience and efficiency while maintaining the high security and privacy standards Canadians expect. Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the businesses’ and customers’ data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.
Whether you’re a small business owner at a weekend farmers market, an independent contractor on the go, or an in-person business of any size, this solution lowers barriers to accepting payments wherever your customers are. Established merchants can also leverage this technology to create new transaction methods, improving their overall customer experience.
At checkout, merchants simply enter the transaction amount using a Tap to Pay on iPhone-enabled iOS app and present their iPhone to the customer, who then holds their Interac Debit card horizontally at the top of the iPhone, or by using Debit with a digital wallet such as Apple Pay. When the merchant sees the Done checkmark, the card read is complete and the transaction is being processed.
Meeting Consumer Preferences
“With Tap to Pay on iPhone, we are making it easier and more accessible for businesses to accept Interac Debit,” said Giles Sutherland, Head, Business Development, Interac Corp. “More and more Canadians are showing a preference for using debit with contactless options; now businesses of all sizes can deliver this customer experience, no matter where they choose to sell.”
In fact, 72% of Canadians previously polled by Interac have indicated they want to use their debit cards everywhere they shop – online, in-app, and in-store. Tap to Pay on iPhone delivers on this demand by providing new ways for businesses to conveniently accept in-person contactless payments.
Start selling with Tap to Pay on iPhone today
Businesses in Canada can start accepting in-person payments on their iPhone today with Adyen, Moneris, Square and Stripe. Additional acquirers will launch in Canada later this year.
For more information on how to start using Tap to Pay on iPhone, reach out to a participating acquirer today. Learn more here.
