Apple To Face EU Antitrust Charge Over NFC Chip

Apple will be hit with an EU antitrust charge over its NFC chip technology -- Reuters reported Wednesday, citing people familiar with the matter -- a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals. From a report: The iPhone maker has been in European Union antitrust chief Margrethe Vestager's crosshairs since June last year when she launched an investigation into Apple Pay. Preliminary concerns were Apple's NFC chip which enables tap-and-go payments on iPhones, its terms and conditions on how mobile payment service Apple Pay should be used in merchants' apps and websites, and the company's refusal to allow rivals access to the payment system. The European Commission has since narrowed its focus to just the NFC chip, which can only be accessed by Apple Pay, one of the sources said.

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