What's New in Payments

Australian public hearing considers case for regulatory controls to ensure payment apps get access to smartphone NFC technology

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An Australian parliamentary committee has held a public hearing at which it heard evidence from representatives of leading Australian banks, payment services providers and other financial bodies on regulatory issues including whether companies such as Apple should be mandated to allow third-party payment apps access to a smartphone’s NFC chip... More













NFC World

Amorim adds NFC to cork bottle stoppers

Amorim combats counterfeiting with NFC-enabled corks — The Spirits Business — “Leading cork producer Amorim has released a new range of bartop stoppers, which incorporate near field communication (NFC) technology to tackle counterfeiting… NFC-enabled phones will be able to access additional information such as serving and mixing suggestions, product information, promotional campaigns and competitions.”




What's New in Payments

EU antitrust chief ‘could review’ Apple Pay

EU’s Vestager may investigate Apple Pay if there are formal complaints — Reuters — “EU regulators looked into Apple’s mobile payment service and found it was not market-dominant but they could review it again if they receive formal complaints, Europe’s antitrust chief said on Monday… Critics say that an NFC chip embedded in the Apple iPhone means that Apple Pay is automatically selected when an iPhone user pays for goods and services, barring rival payment methods.”


What's New in Payments

Swiss banks face mobile payments boycott investigation

Swiss watchdog investigates banks over alleged payments system boycott — Reuters — “Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay… ‘There is the suspicion that the companies agreed not to make their credit cards available for use with Apple Pay and Samsung Pay, in order to favor the Swiss solution Twint,’ competition commission Weko said.”