Press Release
Toronto, June 11, 2024 – Chase Payment Solutions, part of J.P. Morgan Payments, today announced the expansion of Tap to Pay on iPhone for its merchant clients in Canada. This feature, which allows merchants to accept contactless payments using only an iPhone, was successfully enabled by J.P. Morgan Payments in the U.S. in August 2023. Sephora is the firm’s first client in Canada to enable Tap to Pay on iPhone, which is currently rolling out across more than 130 freestanding stores in the country.
Max Neukirchen, Global Co-Head of J.P. Morgan Payments, said, “When we launched Tap to Pay on iPhone for our U.S. merchants last summer, we were one of the first banks to deliver this convenient and flexible tap-and-go checkout process. Today, we are excited to expand those capabilities to Canadian merchants as we continue to build a modern Payments business. As consumers increasingly demand fast, convenient and frictionless payments, we have a proven track record of innovating at scale to help merchants meet—and exceed—those expectations.”
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 and Sephora’s proprietary mobile point of sale app – no additional hardware needed.1 Merchants and their customers can engage and pay anywhere with Wi-Fi or cellular service, resulting in a seamless, end-to-end payment and transaction experience.
“Innovation and the customer shopping journey are key pillars of Sephora’s business and working with J.P. Morgan Payments to deliver Tap to Pay on iPhone is a key example of how Sephora is continuing to provide an elevated experience for our consumers,” said Stefan Jensen, Vice President, Treasurer, Sephora. “After introducing Tap to Pay on iPhone in our U.S. stores last year, our beauty community has really embraced this new way to pay, and we’re thrilled to expand this to our Canadian market. By integrating this flexible payment solution, our Beauty Advisors can provide curated beauty recommendations and complete contactless transactions easily with only an iPhone—wherever they are in the store.”
In the U.S., Sephora complements payment acceptance at existing payment terminals with Tap to Pay on iPhone, ensuring Sephora meets customers where they are and with how they want to pay.
How it works:
Tap to Pay on iPhone provides the ability to accept payments from contactless debit and credit cards and NFC-enabled digital wallets available on smartphones and smart watches.
To facilitate the transaction, the merchant’s employee selects Tap to Pay on iPhone in the mobile point of sale app, and then has the customer tap a contactless card or digital wallet to the employee’s iPhone, completing the seamless payment.
Chase Payment Solutions plans to roll out Tap to Pay on iPhone to additional Canadian merchants, including small and medium-sized businesses. For more information about the solution, click here.
Globally, J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly $10 trillion payments daily, operating in over 160 countries and over 120 currencies. In 2023, J.P. Morgan Payments reported $18.3 billion in revenue across the firm, up from approximately $14 billion in 2022, representing a 31 percent increase, excluding the impact of equity investments.
About Chase/Chase Payment Solutions
Chase Paymentech Solutions Inc. is a part of J.P. Morgan Payments with headquarters in Toronto, Ontario and is a leader in payment processing for businesses of all sizes. More than 110,000 Canadian business locations trust Chase Payment Solutions with their payments. Choosing Chase Payment Solutions means partnering with a global payments leader that processes more than $2 trillion worldwide in annual debit and credit card volume. Chase Payment Solutions has operated in Canada for more than 20 years, with 200 employees across the country. More information can be found at chase.ca.
About Sephora Americas
Since its debut in North America 25 years ago, Sephora has been a leader in prestige omni-retail with the mission of creating an inviting beauty shopping experience and inspiring fearlessness in our community. With the goal of delivering unbiased shopping support and a personalized experience, Sephora invites customers to discover thousands of products from more than 360 carefully curated brands, explore online and through our mobile app, enjoy services at the Beauty Studio and engage with expertly trained Beauty Advisors in more than 600 stores across the Americas. And with its long-term strategic partnerships with Kohl’s, customers can now shop a fully immersive, premium beauty destination, with over 850 locations nationwide. Clients can access the free-to-join Beauty Insider program and digital community, which together enhance the experience of Sephora’s passionate clients.
Sephora has been an industry-leading champion of diversity, inclusivity, and empowerment, guided by our longstanding company values. In 2019, Sephora announced a new tagline and manifesto, “We Belong to Something Beautiful,” to reinforce its dedication to fostering belonging amongst all clients and employees and to publicly strive for a more inclusive vision for retail in the Americas. Sephora continues to give back to our communities and advance inclusion in our industry through its social impact and equity programming, called the Sephora DE&I Heart Journey.
For more information, visit: https://www.sephora.com/about-us and @Sephora on social media. For media inquiries, please visit our Sephora Newsroom or email ExternalComms@sephora.com.
Media Contacts
J.P. Morgan Payments
Nadine Youssef, nadine.n.youssef@jpmorgan.com
Sephora
ExternalComms@sephora.com
Tap to Pay on iPhone requires a supported payment app and the latest version of iOS. Update to the latest version by going to Settings > General > Software Update. Tap Download and Install. Some contactless cards may not be accepted by your payment app. Transaction limits may apply. The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC. Tap to Pay on iPhone is not available in all markets. View Tap to Pay on iPhone countries and regions (https://developer.apple.com/tap-to-pay/#regions).