Skip to main content

Featured Post

AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
1 comment
Read more
Labels

Apple turns iPhones into payment terminals with tap-to-pay feature

Apple today announced a tap-to-pay feature for iPhones. This new feature benefits businesses by turning iPhones into payment terminals. The company said that businesses can use their iPhones to accept Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap to their devices without requiring any additional hardware.

Apple’s tap-to-pay feature will be available on iPhone XS and later models. It will also be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their customers. The company said that Stripe will be the first payment platform to offer its tap-to-pay feature on iPhones to their customers. It will arrive on the Shopify Point of Sale app this spring. The company said that the feature will arrive on additional payment platforms, apps and Apple Store locations in the US later this year.

Furthermore, the company said that tap-to-pay on iPhone will work with contactless credit and debit cards from payment networks, including American Express, Discover, Mastercard, and Visa.

How Apple’s tap-to-pay feature works

Apple’s newly launched tap-to-pay feature uses NFC technology to enable payments. The company said that once the tap-to-pay feature becomes available on iPhones, merchants will be able to offer contactless payment to their customers through a supporting iOS app. At checkout, the merchant will prompt the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone, following which the payment will be securely completed.

But what about security?

On the privacy front, Apple said that with tap-to-pay on iPhone, customers’ payment data is protected using the same technology that it uses to secure Apple Pay, that is, Secure Element. Furthermore, the company won’t know what is being purchased or who is buying it.

As far as availability is concerned, Apple said that it is rolling out its tap-to-pay feature to merchants in the US. There is no word on when it will arrive in other parts of the world.

The post Apple turns iPhones into payment terminals with tap-to-pay feature appeared first on BGR India.



from BGR India https://ift.tt/asNEFGv
via IFTTT
Email Post
Labels:

Comments

Post a Comment

add