Apple Pay to Support Direct Payment of Goods via NFC Tags and Stickers

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By Andrew Zignani | 2Q 2019 | IN-5514

 

Apple to Enable Payments Triggered by NFC Tags for Simpler Transactions

NEWS

Apple recently revealed that it would be adding support for Near-Field Communications (NFC) tags and stickers that are capable of initiating Apple Pay payments. This can be achieved without the need to download a third-party app for payments, meaning that an end user can simply tap on an NFC tag-enabled product, rental item, parking meter, or other item with their iPhone, verify with Face ID, and complete the payment transaction. The news should provide a further incentive for product vendors and owners to incorporate NFC tags into their items, building on recent advancements in NFC tag production and the availability of very low-cost tags on the market.

Parking Meters, Item Rental, and Retail Driving Initial Opportunities

IMPACT

Apple announced their first wave of supp...

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