JulPo
JPMorgan Chase’s (NYSE:JPM) payments division said Tuesday it has enabled Tap to Pay on iPhone for its U.S.-based merchant clients, allowing them to accept in-person, contactless payments anywhere without the need for a physical terminal.
Sephora, a French multinational retailer of personal care and beauty products, is the first J.P. Morgan Payments client to use the feature, which is now rolling out across all its U.S. freestanding stores. Sephora’s Beauty Advisors can now accept contactless credit and debit cards, Apple Pay, and other digital wallets anywhere in the store by using their iPhone and the mobile Point of Sale App.
“Enhancing the ability for consumers to pay with their preferred method of payment is part of our broader, customer-centric approach to simplify omnichannel payment acceptance for our merchant clients,” said Takis Georgakopoulos, global head of Payments, J.P. Morgan.
The offering will be expanded to U.S. merchants over the next year to include small-and-medium-sized business merchants.
The move comes as JPMorgan’s (JPM) credit card metrics stayed at low levels in July, underscoring the bank’s tight credit standards.
