Apple offers with Apple Pay a mobile payment solution for its devices, in particular the iPhone and Apple Watch. Apple devices and their apps are set to launch Apple Pay automatically when held close to a POS terminal to allow a contactless payment.
Payments with the TWINT application are effectuated by scanning a QR-code that appears on the screen of the POS terminal. Until now, Apple Pay was likely to launch automatically and thus disrupt a current payment transaction made with the TWINT App.
Apple has committed to immediately provide a technical solution enabling TWINT to suppress Apple Pay during the payment transaction effectuated with TWINT. Due to these commit-ments, the secretariat decided to close the preliminary investigation against Apple.
MacDailyNews Take: QR Code. How quaint.
Superhighways humming with speedy luxury automobiles don’t work well for horse-drawn buggies, either.
Driven by Apple Pay, contactless payment systems to represent 1 in 3 in-store transactions globally by 2020 – Juniper Research – July 30, 2018
Apple Pay dominates with far more users than Samsung Pay, Google Pay, and other OEM pay systems combined – June 27, 2018
Apple Pay Cash international roll out begins – February 23, 2018
Apple Pay now accepted in 50 percent of U.S. stores and is the world’s most accepted contactless payment system – January 31, 2018
Apple Pay now in 20 countries, takes 90% of all contactless payments where active – October 24, 2017
Apple Pay is proliferating, and the banks are scared – October 18, 2017
Apple Pay likely to get boost from Visa and Mastercard mandating contactless payment terminals – August 21, 2017