Core Insights - MagTek has launched a new service enabling U.S. customers to accept contactless payments using only an iPhone and a supporting iOS app, eliminating the need for additional hardware [1][2] - The Tap to Pay on iPhone feature allows merchants to accept various forms of contactless payments, including credit and debit cards, Apple Pay, and other digital wallets [2][3] Company Overview - MagTek, founded in 1972, specializes in secure payment technology and security solutions, providing a range of products including card readers, secure cards, and transaction processing services [6] - The company emphasizes innovation and engineering excellence, with all operations based in the USA, including engineering, production, and sales [6] Technology and Security - The Tap to Pay on iPhone technology leverages the built-in security features of the iPhone to protect business and customer data, ensuring that card numbers and transaction information are not stored on the device or Apple servers [3][5] - Developers can integrate the MagTek iOS Virtual Reader SDK into their payment applications, which is available for free and compatible with iPhone XS or later running the latest iOS [3][4] Market Application - MagTek collaborates with developers across various industries, including restaurant, retail, hospitality, healthcare, transportation, OEM, and banking, to enhance payment application security and compliance [3][4]

Core Insights - Bluevine has launched a new feature called Tap to Pay, enabling small businesses to accept in-person payments without hardware or complex setup [1][3] - The platform positions itself as a comprehensive digital banking solution for small businesses, offering high-yield checking accounts, company-wide cards, financing, and accounts receivable solutions [2] - The adoption of contactless payments is increasing, with over 70% of face-to-face transactions in Mastercard's ecosystem now being contactless [4] Company Overview - Since its inception in 2013, Bluevine has served over 750,000 customers and delivered more than $17 billion in loans, currently managing over $1.8 billion in customer deposits [5] - The customer base of Bluevine spans various industries, showcasing the versatility of its banking platform [5] - Bluevine is backed by notable investors, including Lightspeed Venture Partners, Menlo Ventures, and Citi Ventures [6]

Product Update - UK-issued Visa cardholders can now use contactless payments via Google Wallet [1] - This feature is exclusively for UK-issued Visa cards [1] Important Notes - Users should ensure their Visa card is active before adding it to Google Wallet [1] - Third-party terms and conditions apply when using Google Wallet [1]