Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Sephora Stores Accept JPMorgan's Tap To Pay App On iPhones To Boost Cardless Payments

Published 22/08/2023, 17:17
© Reuters.  Sephora Stores Accept JPMorgan's Tap To Pay App On iPhones To Boost Cardless Payments
JPM
-
LVMUY
-

Benzinga - by Nabaparna Bhattacharya, Benzinga Editor. Sephora, a unit of LVMH-Moet Hennessy Louis Vuitton SA (OTC: LVMUY), is the first J.P. Morgan Payments customer and freestanding store to promote Tap to Pay on iPhone.

JPMorgan Chase & Co. (NYSE: JPM) recently launched the point of sale application for iPhones. The solution permits merchants to accept contactless payments using their iPhones without needing a dedicated payments card reader.

With Tap to Pay on iPhone, Sephora's Beauty Advisors can accept contactless credit and debit cards, Apple Pay, and other digital wallets anywhere in the store simply by using their iPhone.

Also Read: J.P. Morgan To Launch AI Program To Boost AI Fintech Innovation In Partnership With TIFIN

J.P. Morgan Payments will expand Tap to Pay on iPhone to U.S. merchants over the next year, including small-and-medium-sized business merchants.

"As consumer payment needs continue to rapidly evolve, this is a significant demonstration of our ability to innovate at scale to support our merchant clients through this ongoing transformation," said Takis Georgakopoulos, Global Head of Payments, J.P. Morgan.

Also See: JPMorgan Economists Discard Recession Forecast, Join Wave Of Wall Street Optimism

Price Action: JPM shares are trading lower by 0.36% to $148.94 on the last checked Tuesday.

Image: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.