Tag: European Commission (EC)
EU slaps $700m fines on Apple and Meta for DMA breaches
The European Commission has determined that both Apple and Meta violated the Digital Markets Act (DMA), resulting in fines totalling $700m.These fines, representing the...
Apple contactless payment antitrust commitments bound in EU law
Apple’s commitment to allow wider industry access to its iPhone contactless payments technology has been made binding under European Union (EU) antitrust legislation.The European...
Visa and Mastercard extend European Union interchange fee cap beyond 2024
The European Commission (EC) has revealed that a voluntary cap on interchange fees adopted by Mastercard and Visa will continue beyond an initially agreed...
BNPL and AI placed in EU/US international regulatory spotlight
EU and US officials have begun informal discussions around consumer financial protection issues. The talks have evaluated key developments in payments and financial services,...
EC investigates Apple, Alphabet and other Big Tech giants’ antitrust breaches
The European Commission (EC) has opened its first investigations into non-compliance with the Digital Markets Act (DMA) - and big tech may be in...
Apple to allow third-party access to contactless tech in EU resolution
Apple has agreed to open up access to its payments technology to third-party companies to end an antitrust dispute with the EU, the political...
