Apple settles EU probe by opening up its mobile payments system

Quick Summary:

iPhone users will get more choices to make "touch-and-go" payments in the EU.

In a press release, the EC's executive vice president, Margrethe Vestager, said that Apple's commitments in the settlement address the commission's "preliminary concerns that Apple may have illegally restricted competition for mobile wallets on iPhones".

Apple did not develop this technology, which is free for developers, the EC said, and going forward, Apple agreed to not charge developers fees to provide the NFC functionality on its devices.

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Article Details

Author / Journalist: Ashley Belanger

Category: Technology

Markets: United States

Topics: Apple Pay Apple NFC payment Touch and go Payments technology Online security European Commission NFC European union Iphone Mobile payments Near field communication Mobile wallet Policy Face ID Apple Digital Markets Act

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 15:47:55 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 143 words

Reading Time: 1 minutes read

Sentences: 33 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 21576597

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Main Topics: Technology

Official Website: arstechnica.com

Year Established: 1998

Headquarters: United States

News Last Updated: 1 days ago

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