23 February 2024

TD Bank introduces Tap

Written By FinTech Alliance

TD Bank introduces Tap

Tap is used to Pay small businesses on iPhone.

In brief:

- TD, America’s Most Convenient Bank®, today announced the launch of 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 - 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.

What does this mean?

"To support local economies, we often encourage consumers to 'shop small' – but we know there can be friction in the small and micro-business POS experience," said Chris Giamo, Head of Commercial Banking at TD Bank. "By equipping small businesses with modern conveniences and more technology through solutions like Tap to Pay on TD Bank Mobile App, we're helping small businesses have a seamless payment experience that's better aligned to customer expectations."

Read more here.

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