Premium
27/06/2024 Banking Innovation
TD Bank is among the first large U.S. banks to debut Tap to Pay on iPhone, a secure mobile-based payment acceptance option that offers greater flexibility and convenience to small and micro businesses.
Innovation details
Country
United States
Category
Core Offering Innovation
Keyword
Digital channels & Omnichannels, SME Banking, Payments

Innovation presentation

TD Bank, America’s Most Convenient Bank®, launched Tap to Pay on iPhone, enabling small and micro business owners across the U.S. to use their mobile phone for a seamless and secure point-of-sale (POS) experience. With Tap to Pay and the TD Bank Mobile App, business owners can accept all types of in-person, contactless payments using only their iPhone – from contactless credit and debit card to digital wallet or wearable, Tap to Pay eliminates the need for additional POS hardware. Business owners can also use Tap to Pay on iPhone as a complementary solution to their storefront POS systems, allowing them to accept payments on the move. Whether setting up as a vendor at a local market, running a food truck or landscaping business, or operating a pop-up shop, Tap to Pay on TD Bank Mobile App allows businesses of all sizes to transact and accept payments on the go directly from their mobile phone.

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