TD Bank launches ‘Tap to Pay on iPhone’ for small businesses

By Delisha Fernandes

TD Bank has launched Tap to Pay on iPhone, enabling small and micro business owners across the US to use their mobile phone for a seamless and secure point-of-sale (POS) experience.

With Tap to Pay on iPhone 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 on iPhone eliminates the need for additional POS hardware.

“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 iPhone on the TD Bank Mobile App, we’re helping small businesses have a seamless payment experience that’s better aligned to customer expectations.”

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 iPhone on the TD Bank Mobile App allows businesses of all sizes to transact and accept payments on the go directly from their mobile phone.

Tap to Pay on iPhone, powered by Autobooks, is the latest addition to TD’s growing fleet of payment solutions. TD Merchant Solutions offers a variety of in-person, mobile, eCommerce and POS solutions so business owners can get paid by accepting customer payments in ways that work best for their business.

The integration of Tap to Pay on iPhone into the TD Bank Mobile App expands TD’s partnership with Autobooks, Inc., the technology provider of TD Online Accounting. With TD Online Accounting, TD customers can send digital invoices, accept debit and credit card payments, and streamline the cash flow and accounting of their TD Small Business Checking account.