Apple & Autobooks Offer Tap to Pay on iPhone to U.S. Financial Institutions

Autobooks has announced the availability of Apple’s Tap to Pay on iPhone to U.S. financial institutions.

Two banks are launching today, Five Star Bank and nbkc bank. The first banks in the U.S. market to launch Tap to Pay for iPhone to their customers.

Autobooks is uniquely positioned to help accelerate financial institution access to Tap to Pay on iPhone through its partnerships with leading bank service providers. Q2 is Autobooks’ first digital banking platform partner to offer Tap to Pay on iPhone to its customers. Additional partnerships include CSI, FIS, Jack Henry and NCR Digital Banking — which together provide services to more than one-third of the U.S. banking market.

About the partnership
We are partnering with Apple to enable Tap to Pay for iPhone with our existing digital banking integrations, providing access to over one-third of the U.S. banking market.
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We believe this is noteworthy for a couple of reasons:

• The ability to leverage the existing integration with our digital banking partners (Q2, NCR, Jack Henry, CSI, FIS, and more) positions their community and regional financial institutions as the first to launch in the banking market.
• Often smaller financial institutions are laggards with big tech partnerships (Apple Pay, Zelle, etc). Not the case this time.
• Introduction of a new use case for mobile banking. Not just a place for a business owner to go to check balances and execute transfers. They can now go to mobile banking to directly transact with a paying customer. Helping financial institutions to lock in the direct deposit relationship of the business customer.

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