Tim Cook visits NXP: ‘Sufficient competition on wireless payment market’
Tim Cook, CEO of Apple, says there is sufficient competition within the European wireless payment market. As far as he is concerned, the EU does not need to impose sanctions on Apple Pay in regard to antitrust regulation. In addition, the Apple top executive indicates that the tech giant will maint... Read more
PayPal Tap to Pay turns smartphones into payment terminals
PayPal Tap to Pay is now available in the Netherlands, Sweden and the United Kingdom. The Android app allows smartphones to accept card payments.
Tap to Pay uses the NFC chips of Android smartphones and tablets to support card payments. Think of credit cards, debit cards, and digital wallets lik... Read more
Apple face new EU charges next week, Financial Times reports
According to Financial Times (FT), the EU plans to accuse Apple of blocking financial groups from the Apple pay system.
The EU will bring an antitrust charge against the tech giant (Apple) over how it functions the “Apple Pay” digital wallet, reports FT. The report further claims charges wil... Read more
Confirmed: iPhones will become usable as payment terminals
iPhones will soon support debit and credit card payments. The new feature makes some payment terminals obsolete.
Apple shares the news in an official blog post. Sometime in the next year, iPhones in the US will receive an update to support debit card, credit card and Apple Pay payments.
The f... Read more