Apple to open payment chip to third parties and charge fees

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: cottonbro studio from Pexels On August 14, Apple Inc. announced it will begin letting third parties use the iPhone's payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform. The move follows years of pressure from regulators, including those in the Europea ...