{"id":42738,"date":"2022-01-27T16:12:40","date_gmt":"2022-01-27T16:12:40","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=936b906c054e9a1783fc783729e38ff0"},"modified":"2022-01-27T16:12:40","modified_gmt":"2022-01-27T16:12:40","slug":"apple-will-let-businesses-accept-payments-on-iphones-without-the-need-for-extra-hardware","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/apple-will-let-businesses-accept-payments-on-iphones-without-the-need-for-extra-hardware\/","title":{"rendered":"Apple will let businesses accept payments on iPhones without the need for extra hardware"},"content":{"rendered":"


\n Zach Marzouk<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
27 Jan, 2022<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

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Apple<\/a> is reportedly planning a new service that will allow businesses to accept\u00a0payments using an\u00a0iPhone<\/a>\u00a0without the need for extra hardware<\/a>.<\/p>\n

The new feature has been in development since 2020, following Apple’s acquisition of Canadian startup Mobeewave for around $100 million<\/a>, according to a report from Bloomberg<\/em><\/a>. Mobeewave<\/span>\u00a0previously developed technology for smartphones to accept payments with a tap of a credit card.<\/p>\n

The system is likely to use the iPhone\u2019s near field communications (NFC<\/span>) chip that it currently uses for Apple Pay<\/a>. This is seen as\u00a0a boost for small businesses as\u00a0currently to accept an order on an iPhone, merchants must use third-party payment terminals that plug into the device or communicate with it via Bluetooth.<\/p>\n

The new feature, however, will effectively create\u00a0a payment terminal inside the device and remove the need for additional hardware. Users will be able to accept payments with a tap of a credit card or another iPhone onto the back of their device.<\/p>\n

This could be bad news for payment providers that use the iPhone to facilitate sales, like Block\u2019s Square<\/a>. If Apple requires merchants to use Apple Pay or its own payment processing system to use the technology, this would shut out other providers.<\/p>\n

For now, it\u2019s unclear whether the new payment functionality will be part of Apple Pay, although Bloomberg<\/em>\u00a0has reported that the team building the feature have been working with Apple\u2019s payment division since the Mobeewave<\/span> acquisition.<\/p>\n

Apple could potentially start introducing the feature in a software update in the coming months. It\u2019s expected to release its first beta version of iOS<\/span> 15.4 soon, with a potential final release for consumers in the spring.<\/p>\n

IT Pro<\/em> has contacted Apple and Square for comment.<\/p>\n

The technology is yet another example of Apple’s attempt to dig further into the\u00a0small business space. The company recently launched a new package of support services designed to help SMB IT teams manage their employee devices<\/a> in November last year. The package includes 24\/7 phone support for IT managers and end-users, business iCloud<\/span> storage, device management capabilities, and on-site repairs for businesses of 500 employees or fewer. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Zach Marzouk<\/p>\n

27 Jan, 2022 <\/p>\n

Apple is reportedly planning a new service that will allow businesses to accept\u00a0payments using an\u00a0iPhone\u00a0without the need for extra hardware.
\nThe new feature has been in development since 2020, …<\/p>\n","protected":false},"author":654,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42738","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/654"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=42738"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42738\/revisions"}],"predecessor-version":[{"id":42739,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42738\/revisions\/42739"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=42738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=42738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=42738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}