Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news

Breaking-Finance.Com - The European Union is pondering whether to force Apple to open up its NFC functionality on iOS devices to rival payment providers, according to Bloomberg.

Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news

Breaking-Finance.Com - The European Union is pondering whether to force Apple to open up its NFC functionality on iOS devices to rival payment providers, according to Bloomberg.

Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news
20 September 2020 - 23:15

Breaking-Finance.Com - The European Union is pondering whether to force Apple to open up its NFC functionality on iOS devices to rival payment providers, according to Bloomberg. Apple Pay is the only mobile payment service that may access the NFC 'tap and go' technology embedded on iOS mobile devices for payments in stores, a process that has been damned by banks in a number of jurisdictions for preventing competition from their own proprietary apps.In June, the EC opened an antitrust investigation into the issue.

.Says a report set to be unveiled in the coming days: "In parallel with its ongoing and future competition enforcement, the Commission will examine whether it is appropriate to propose legislation aimed at securing a right of access under fair, reasonable and non-discriminatory conditions, to technical infrastructures considered necessary to support the provision of payment services."Apple has previously won a long-running battle with Australia's banks over access to its NFC functionality, arguing that giving third parties access would pose a security risk. The EU document says that any laws would take "due account of the potential security and other risks that such access could pose".

Source = Breaking-Finance.Com

Financial breaking news

This news 15 hits received.

Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news


Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news


Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news


Finance Breaking news EU could force Apple to open up iPhone NFC functionality last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Ripple weighs move to London over XRP's security status last financial news
Finance Breaking news Ripple weighs move to London over XRP's...
Finance Breaking news TrueLayer enters Australian Open Banking market last financial news
Finance Breaking news TrueLayer enters Australian Open Banking market...