28 articles | last updated: Jul 12 12:56:08
The tech giant will allow third-party mobile wallets access to NFC technology, ending a four-year investigation by the European Commission.
- Apple's concessions include free access to NFC technology for third-party mobile wallets in the European Economic Area.
- The agreement mandates fair, transparent, and non-discriminatory procedures for granting NFC access.
- Apple will also enable features like Host Card Emulation (HCE) mode and allow users to set third-party wallets as default.
- The settlement is binding for ten years and includes mechanisms for monitoring and dispute resolution.
- The U.S. Department of Justice is investigating similar antitrust concerns, potentially leading to broader changes.
People, Places and Things In This Story
- Apple Technology company
- Europe Continent
- iPhone Mobile phone
- European Commission Governing body
- United States Department of Justice Government department
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