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Apple offered to open up tap-and-go payments on the iPhone to settle EU antitrust case
If you have an iPhone‚ you likely have come across Apple Pay at some point. The tap-and-go technology lets you store a digital version of your credit or debit card (and other tickets‚ passes‚ etc) and‚ instead of having the physical card on you‚ digitally pay for things with your iPhone.
It's really convenient. You just tap your iPhone to a reader and you're off. However‚ the technology powering this interaction — the NFC (Near Field Communication) chip inside of the iPhone — has been locked down and made exclusive to Apple Pay‚ Apple's own tap-and-go system.
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