The automatic launch of Apple Pay at point of sale terminals can interfere with payments made by the TWINT app. Following the intervention of the Competition Commission (COMCO) Secretariat, Apple is committed to offering a pro-competitive technical solution.
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
Well if the Swiss say make it so Apple better do it.
“effectuated” ? Wow somebody pulled out the big thesaurus today