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apple antitrust charge restricting nfc payment technology european union eu apple

Apple Hit With EU Antitrust Charge Over Its NFC Payment Technology

EU antitrust regulators charged Apple on Monday with restricting rivals' access to its NFC chip technology in a move that could result in a hefty fine for the iPhone maker and force it to open its mobile payment system to competitors.The European Commission said it had sent a charge sheet known as a statement of objections to Apple, detailing how the company had abused its dominant position in markets for mobile wallets on iOS devices."We have indications that Apple restricted third-party access to key technology…