The European Central Bank is opposed to Apple’s proposed changes to the iPhone’s near-field communication at the core of Apple Pay, and has complained about it to the European Commission.
Apple could have to make additional changes to its NFC APIs
Apple could have to make additional changes to its NFC APIs
Pietro Cipollone, a member of the executive board of the ECB, expressed the bank’s concerns over Apple’s proposal. Cipollone explained that Apple’s proposed changes would be insufficient in several ways:
The letter argues that by not providing third parties with full access to the Secure Element of its NFC technology, Apple Pay maintains an unfair advantage against third-party payment apps on iPhone. Because of these limitations, contactless payments made through third-party apps on iPhone would be less user-friendly and ultimately be slower than Apple’s offering, according to Cipollone.
Europe’s main financial entity believes Apple’s proposed iPhone NFC changes aren’t enough
Europe’s main financial entity believes Apple’s proposed iPhone NFC changes aren’t enough