31 C
Jaipur
Friday, October 30, 2020

EU May Force Apple to Support Contactless Payments from 3rd-Party Services: Report

Must read

How to Сo-edit Documents Without Uploading Them In The Cloud

Cloud solutions achieved a powerful boost in 2020 because of the COVID-19 pandemic. Sure, if you work remotely, there are no better tools than...

Xiaomi Trumps Apple to Become the Third Best Smartphone Maker Globally

The third quarter saw the smartphone market recover after taking massive hits due to the COVID-19 pandemic earlier this year. Samsung again came out...

Call Of Duty Warzone Mobile Might Become A Reality, Confirms Activision

A while back, Activision put out a job listing with its description saying “WZM,” which clearly meant Warzone Mobile. Ever since then, Call of...

SmartThings Find Locates Your Lost or Misplaced Galaxy Devices

Samsung has launched SmartThings Find, a new service in SmartThings app to help locate your misplaced or stolen Galaxy devices. The app uses Bluetooth...

As part of its widening antitrust measures, the European Union is reportedly considering new regulations that would force mobile device manufacturers to share any embedded NFC technology in their devices with third-party operators. That’s according to Bloomberg, which claims that such a regulation could make it mandatory for companies like Apple to share the payments technology in their smartphones and smartwatches with rival payments service providers.

According to the report: “In parallel with its ongoing and future competition enforcement, the Commission will examine whether it is appropriate to propose legislation aimed at securing a right of access under fair, reasonable and non-discriminatory conditions, to technical infrastructures considered necessary to support the provision of payment services”.

While the EU doesn’t mention Apple by name, the move is believed to be aimed at the iPhone-maker, given that it does reference an antitrust investigation launched by the European Commission against Apple Pay earlier this year. Furthermore, several banks and other financial institutions have also complained about the company’s unwillingness to give them access to the NFC technology in iPhones, which might finally change if the EU decides to go ahead with its plan.

Apple is yet to respond to the report, but the company has earlier vehemently argued against opening up its NFC tech to third-party operators citing privacy and data-security concerns. According to Apple, releasing its NFC technology to third-party operators could jeopardize user privacy and heighten the risk of fraud. The official EU statement on the matter will be released next week, and according to the report, would include safeguards against possible fraud by malicious actors.

Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

How to Сo-edit Documents Without Uploading Them In The Cloud

Cloud solutions achieved a powerful boost in 2020 because of the COVID-19 pandemic. Sure, if you work remotely, there are no better tools than...

Xiaomi Trumps Apple to Become the Third Best Smartphone Maker Globally

The third quarter saw the smartphone market recover after taking massive hits due to the COVID-19 pandemic earlier this year. Samsung again came out...

Call Of Duty Warzone Mobile Might Become A Reality, Confirms Activision

A while back, Activision put out a job listing with its description saying “WZM,” which clearly meant Warzone Mobile. Ever since then, Call of...

SmartThings Find Locates Your Lost or Misplaced Galaxy Devices

Samsung has launched SmartThings Find, a new service in SmartThings app to help locate your misplaced or stolen Galaxy devices. The app uses Bluetooth...

10 Best Apple Mail Alternatives for Mac and iPhone in 2020

Unlike other stock apps like Safari and Notes, Apple Mail for macOS hasn’t got major improvements for a long time. The email app not...