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Apple Pay NFC tech in iPhone will likely get opened up soon in the EU
The European Commission is set to approve Apple's opening up of Apple's NFC platform to third-party mobile wallets as soon as May, which could help save the iPhone maker from a $40 billion fine. NFC in the iPhone is chiefly used for Apple Pay In January, Apple agreed that it would open up its NFC hardware to any developer for the purposes of performing contactless payments. Months later, it appears that European antitrust regulators are close to determining if it's enough to get Apple...
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Wall Street Braces For Brutal Apple Earnings, But Top Analyst Gives 6 Reasons To Stay Bullish On iPhone Maker
Apple may not see a growth inflection until the end of the June quarter, says an analyst. read more
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EU to approve Apple's iPhone NFC chip policy changes, will allow competitors to Apple Pay
The EU commission is set to approve Apple’s previously-announced policy changes regarding access to the NFC chip on the iPhone, with the view of increasing competition in the contactless payments market. The commission’s decision will be officially announced in the coming weeks, via Reuters. With these changes, apps will be allowed to become the default wallet app that appears when users double-click the side button or hold their phone near a payment terminal. However, the relaxation of...