Author: James Vincent
Apple Pay recently expanded to let merchants receive payments on their iPhone. | Image: Apple
Apple has been hit with an antitrust accusation by the European Union over its exclusion of rivals from its Apple Pay mobile payment system. The EU has sent Apple a formal “Statement of Objections” with the preliminary view that Apple has abused its dominant position in mobile wallets on iOS.
“The Commission takes issue with the decision by Apple to prevent mobile wallets app developers, from accessing the necessary hardware and software (‘NFC input’) on its devices, to the benefit of its own solution, Apple Pay,” reads the decision. “Today’s Statement of Objections takes issue only with the access to NFC input by third-party developers of mobile wallets for payments in stores.”
This is only the initial, formal stage of antitrust...
Continue reading…
Continue reading...
Apple Pay recently expanded to let merchants receive payments on their iPhone. | Image: Apple
Apple has been hit with an antitrust accusation by the European Union over its exclusion of rivals from its Apple Pay mobile payment system. The EU has sent Apple a formal “Statement of Objections” with the preliminary view that Apple has abused its dominant position in mobile wallets on iOS.
“The Commission takes issue with the decision by Apple to prevent mobile wallets app developers, from accessing the necessary hardware and software (‘NFC input’) on its devices, to the benefit of its own solution, Apple Pay,” reads the decision. “Today’s Statement of Objections takes issue only with the access to NFC input by third-party developers of mobile wallets for payments in stores.”
This is only the initial, formal stage of antitrust...
Continue reading…
Continue reading...