Apple agrees to allow NFC payments from third party companies in EU

NFC payments - EU and Apple

The iPhone maker has offered to make near field communication transactions available to rivals. Apple and the European Commission have reached the next step in their long-running disagreement over the use of the iPhone maker’s NFC payments services. The American company has now offered to allow rivals to use the tech, possibly ending this dispute. The European Commission has announced that Apple intends to open its NFC payments technology, used for contactless or tap-and-go transactions, to third-party mobile wallet providers. There have been rumors about this move circulating for about…

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NFC technology has lost its charm for RBC

Royal bank of Canada (RBC) mobile commerce platform

The Canadian bank is already looking to introduce cloud based transactions within the country. Though RBC and CIBC – two of the major Canadian banks – have already rolled out mobile payments services based on NFC technology, it seems that this trend may not have caught on fast enough for Royal Bank’s taste. Though the tech has barely had the opportunity to get off the ground, the bank is already moving on to something else. RBC has made an announcement that suggests that NFC technology may already be on its…

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