Apple mobile wallet practices hurt competition, says EU regulators

Mobile wallet - Back of iPhone - Blue case

The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…

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Does Apple have the right to the NFC technology used for its mobile wallet?

NFC technology - Apple wallet

Aire Technology patent-holding company has filed a lawsuit against the iPhone maker. Irish patent-holding company Aire Technology has sued Apple over alleged patent infringement for the NFC technology and digital wallet tech used in many iPhone models. The lawsuit was filed with the US District Court for the Western District of Texas. The company’s lawsuit asserts that Apple products such as the iPhone and Apple Watch “that support NFC and/or mobile payment applications, such as Apple Pay […] infringe at least one claim” of three US patents. Those patents were…

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Apple mobile payments is finally taking off and making a difference

Apple mobile payments - Apple Pay

Some firms are speculating that the acceptance of this tech could permanently change the face of retail. Apple mobile payments have been struggling to take off and have not met the performance expectations of many people in the commerce and tech industries alike. That said, it does appear as though Apple Pay is finally taking hold and now that it has, it’s rapidly gaining strength. Mobile wallets were only a concept only a few years ago, and many wondered what Apple would contribute. As the iPhone maker aimed to diversify…

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Apple Pay Russia has now launched

apple pay russia iphone mobile payments

The iPhone maker has rolled out its mobile payments software in the country, extending its global reach. Apple Pay Russia has now been launched as the iPhone maker brings its mobile wallet to the Russian population. This has allowed the American tech giant to extend the worldwide reach of its digital payments service. This has made Russia the tenth nation where Apple Pay transactions can be accepted. Among the other countries where these mobile payments are available include the United States, Canada, and Great Britain. It was originally launched in…

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iPhone 5 mobile wallet based on Apple Passbook

Mobile Commerce Apple Passbook mobile wallet

  This new feature skips the NFC chip and uses barcodes, instead. The iPhone 5 release is being seen as yet another Apple success and although the technology manufacturer has turned up its nose at near field communication it has still taken an important step forward in mobile commerce. Instead of NFC, it has opted to create its own type of virtual mobile wallet. These new devices feature faster wireless technology and a larger screen with better overall performance, but they also have the latest Apple iOS 6 operating system,…

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