Should Apple Open its NFC Chip to Third Parties?

Karen Webster writes about Apple’s position in the payments industry and how Apple’s restriction of its NFC chip has hurt consumers.

Granted, it’s always hard to prove a negative, but not having access to the NFC chip has likely prevented innovators from investing time and money in developing the innovations that could have made the in-store POS experience better for iPhone users. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Credorax Adds Support for Apple Pay

Bank Credorax announced on Wednesday that it added support for Apple Pay to its payment method list.

Credorax reported that both methods may now be added to merchants’ accounts as payment options for their shoppers alongside the more than 150 global payment methods the platform offers.