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 supported vendors during the TRANSACT 2019 conference in Las Vegas.
Clothing retailer Bonobos will be adding NFC tags to its clothing racks, allowing customers to order items to be shipped to…
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