EU claims Apple breaking competition law over contactless payments

  • 📰 Guardian Tech
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Company accused of abusing market position to limit rivals’ access to technology required for tap-and-go transactions

with breaking competition law by limiting rivals’ access to technology that is key to making contactless payments, unfairly benefiting its own Apple Pay service.said on Monday that Apple “sets the rules” on its closed platform and expressed concern that it has been limiting access to technology called near field communication , which rivals need for tap-and-go payments to be made in stores using mobile wallets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Most credit card companies won’t let other brands use their nfc tech either. Can I use my credit card to make payments from a different bank account or do they lock out competition?

The E.U appears confused as Apple customers want that feature, they don't want to use competitors who are making this nonsense argument to bring attention to themselves, isn't it?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple staff claim forcing them back to the office is RACISTThe employees petitioned the company on Friday in an open letter after CEO Tim Cook told staffers they would need to work from the office. Yes. Oranges and lemons are still getting furloughed! Its systemic! Have they forgotten who pays their salary. More and more companies are bringing back employees. My guess is the vast majority aren't productive and need supervision.
Source: Daily Mail Online - 🏆 135. / 51 Read more »

Apple charged by Brussels with abusing its market power in mobile payments\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. The Commission just found out how to fix Ukraine's reconstruction. vestager, I trusted and admired you for actions like this. But supporting ‘sanctions’ and the downfall of Europe put an end to all that Who is this guy?
Source: FT - 🏆 113. / 51 Read more »

EU could ban Russian oil imports by end of year under new sanctionsThe European Union is preparing a sixth package of sanctions against Russia which is expected to target Russian oil, Russian and Belarusian banks, individuals and companies. Putin is not well, he may be gone before long. By the end of the year , on the 21st of December... Are you taking the piss .... We want a total embargo Now , not the end of the friggen year
Source: Daily Mail Online - 🏆 135. / 51 Read more »