Apple to Be Charged With Anti-Competitive Behavior – iPhone’s NFC Chip Unfairly Restricts Other Payment Services

Apple to Be Charged With Anti-Competitive Behavior – iPhone’s NFC Chip Unfairly Restricts Other Payment Services

3 years ago
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https://wccftech.com/apple-anti-competitive-charge-limiting-iphone-nfc-chip-for-making-payments/

EU antitrust regulators are prepping themselves to charge Apple for anti-competitive practices surrounding the use of contactless payments. With the introduction of Apple Pay, the company has incorporated an NFC chip in its mobile devices since 2014 to facilitate payments, but regulators claim that the technology giant has unfairly locked out other contactless payment services.

The EU opened its investigation into Apple Pay in June last year. Currently, Apple’s payment service works with both iPhones and iPads, but does not accept third-party contactless payment systems. However, all that might change in the future. Assuming the charges prove that Apple is limiting competition by restricting its NFC chip on iPhones, the company might be forced to open up Apple Pay to third-party alternatives, according to Reuters.

Apple to Be Charged With Anti-Competitive Behavior – iPhone’s NFC Chip Unfairly Restricts Other Payment Services

Oct 6, 2021, 2:34pm UTC
https://wccftech.com/apple-anti-competitive-charge-limiting-iphone-nfc-chip-for-making-payments/ > EU antitrust regulators are prepping themselves to charge Apple for anti-competitive practices surrounding the use of contactless payments. With the introduction of Apple Pay, the company has incorporated an NFC chip in its mobile devices since 2014 to facilitate payments, but regulators claim that the technology giant has unfairly locked out other contactless payment services. > The EU opened its investigation into Apple Pay in June last year. Currently, Apple’s payment service works with both iPhones and iPads, but does not accept third-party contactless payment systems. However, all that might change in the future. Assuming the charges prove that Apple is limiting competition by restricting its NFC chip on iPhones, the company might be forced to open up Apple Pay to third-party alternatives, according to Reuters.