Tap to Pay: A guide for businesses

Tap to Pay is supported by most modern payment terminals and smart devices equipped with NFC technology. This includes NFC-enabled credit and debit cards, smartphones using digital wallets, and smartwatches. Merchants can also use compatible iOS and Android devices to accept payments. 

Yes, Tap to Pay is highly secure because it uses dynamic encryption and tokenization for every single transaction. Payment data is never stored locally on the merchant's device, significantly reducing the risk of payment fraud compared to traditional magnetic stripe cards.

The merchant's point-of-sale (POS) system or smartphone acting as a terminal requires an active internet connection to authorize and process the transaction with the acquiring bank. However, the shopper's physical NFC card or pre-authenticated mobile wallet does not strictly need an internet connection at the exact moment they tap.

Tap to Pay is the underlying NFC technology and physical action used to wirelessly transmit payment data at a checkout terminal. A digital wallet is an application on a smartphone or wearable device that securely stores the shopper's payment card details and uses Tap to Pay technology to complete the transaction.