EU ends Apple Pay antitrust probe with binding commitments to open up contactless payments

The European Union has accepted commitments from Apple over how it operates Apple Pay to settle a long running competition investigation. Commission EVP Margrethe Vestager, who heads up the EU’s competition division, announced the development in a press conference Thursday.Apple has until July 25 to implement changes that will allow developers of rival mobile wallets to offer contactless payment by the predominant technology used in the EU (NFC) — enabling them to offer their users “tap and go” payments, sh ...