Small Businesses Can Accept More Mobile Payments via Clover with Addition of Tap to Pay on iPhone

Rhea-AI Summary

Fiserv (NASDAQ: FISV) has announced that small- and medium-sized businesses (SMBs) in the U.S. can now accept in-person contactless payments using their iPhones through the Clover Go iOS app and Tap to Pay on iPhone. This integration enhances the Clover point-of-sale and business management platform, providing SMBs with greater mobility and flexibility. This solution eliminates the need for additional hardware, allowing businesses like fitness trainers and food truck operators to accept payments efficiently. Clover processes over $234 billion in payments annually, enabling businesses to streamline operations and improve customer engagement.

Positive

• Integration with Tap to Pay on iPhone enhances Clover Go functionality for SMBs.
• Elimination of additional hardware needed for contactless payments increases convenience for merchants.
• Clover processes over $234 billion in payments annually, showcasing strong market presence.
• Mobile payment solution supports diverse business types, facilitating flexible customer interactions.

Negative

• None.

SMBs can accept payments using their iPhones and the Clover Go iOS app

BROOKFIELD, Wis.--(BUSINESS WIRE)-- Small- and medium-size businesses (SMBs) in the U.S. can now accept in-person contactless payments on their own iPhones thanks to an integration with the Clover Go iOS app and Tap to Pay on iPhone. As an extension of the Clover point-of-sale and business management platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial technology solutions, Clover Go gives SMBs of all sizes the mobility and flexibility to accept payments and manage their business from anywhere.

For Clover merchants on the move, including fitness trainers, home service providers, market vendors and food truck operators, the addition of Tap to Pay on iPhone enables contactless payment acceptance without the need for additional hardware. Businesses can also use Tap to Pay on iPhone as a complementary solution to accept payments for needs like line busting or accepting payments at the table.

“We are often servicing commercial vehicles on the side of the road in remote locations where efficiency is key,” says Alfredo Diaz, owner of Alfredo’s Tires and Roadside Assistance. “Using Tap to Pay on iPhone through the Clover Go app allows us to complete the service, take the payment and get our customers back on the road as quickly and safely as possible."

Tap to Pay on iPhone can be enabled by downloading the Clover Go iOS app in the Apple App Store. Following a quick and easy set-up process, businesses can present customers a payment screen on their iPhone and securely accept any form of contactless payment, including credit and debit cards, Apple Pay, and other digital wallets.

“Small businesses want to streamline their operations, sell more, and connect with their customers no matter where they are,” said Dan Bjerke, Global Head of Clover. “Clover powers omnichannel technology and capabilities that enable us to meet their needs. By enabling Tap to Pay on iPhone, businesses can increase flexibility and expand customer engagement with the efficiency of using a device they already own.”

Through the integration of Tap to Pay on iPhone and Clover Go, businesses can offer contactless payments acceptance via their iPhone alongside existing mobile features from Clover Go – including the ability to connect multiple point-of-sale devices, securely accept offline payments, and access a unified view of their business. This enables businesses to capture more sales while simplifying day-to-day operations.

Businesses can enable Tap to Pay on iPhone on an iPhone XS and above running iOS 16 or higher. Tap to Pay on iPhone uses the built-in features of iPhone to keep the merchants’ and customers’ data private and secure.

Clover is a complete business management system enabling businesses to maximize their operating efficiencies, grow their customer base, and accept customer payments. Businesses using Clover can accept payments of any type, including Apple Pay, contactless credit or debit cards, and other digital wallets. As a point-of-sale platform for merchants, Clover processes over $234 billion in payments each year.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500^® Index and one of Fortune^® World’s Most Admired Companies^™. Visit fiserv.com and follow on social media for more information and the latest company news.

FISV-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005339/en/

Media Relations:

Ann Cave

Vice President, External Communications

Fiserv, Inc.

678-325-9435

ann.cave@fiserv.com

Additional Contact:

Torrie Miers

Manager, Communications

Fiserv, Inc.

678-206-7590

victoria.miers@gmail.com

Source: Fiserv, Inc.

FAQ

What new feature has Fiserv launched for SMBs?

Fiserv has launched the ability for SMBs to accept contactless payments using their iPhones through the Clover Go iOS app and Tap to Pay on iPhone.

How does Clover Go benefit small businesses?

Clover Go allows small businesses to accept payments without additional hardware, enhancing mobility and operational efficiency.

What types of payments can be accepted with the Clover Go app?

The Clover Go app can accept various forms of contactless payments including credit and debit cards, Apple Pay, and other digital wallets.

What is the annual payment processing volume of Clover?

Clover processes over $234 billion in payments each year.

Which devices are compatible with Tap to Pay on iPhone?

Tap to Pay on iPhone is compatible with iPhone XS and above running iOS 16 or higher.