Curated News
By: NewsRamp Editorial Staff
April 11, 2024
Kevin. Makes History with First NFC Account-to-Account Transaction on iPhone
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- kevin. has successfully executed the first non-Apple Pay NFC account-to-account payment on an iPhone, disrupting the payments landscape.
- kevin. achieved this breakthrough by developing a technical solution within Apple's HCE framework, ensuring seamless transactions through banking or wallet apps.
- This innovation promises to democratize access to NFC and create a more open market, empowering consumers to choose how they make payments.
- kevin.'s pioneering technology is reshaping the future of payments, offering a glimpse into a world where consumers are no longer limited by specific device payment platforms.
Impact - Why it Matters
The successful NFC transaction on an iPhone by Kevin. marks a significant breakthrough in retail payments, potentially reshaping the way consumers conduct transactions. The company's pioneering efforts in democratizing access to NFC technology underscore its commitment to innovation and fair competition in the mobile payments sphere. This development signals a shift towards an open market for payment solutions, offering consumers greater autonomy and value without the constraints of device-specific payment platforms.
Summary
Kevin. has successfully completed the first NFC account-to-account transaction on an iPhone, breaking new ground in the retail payment landscape. The company's co-founder, Pavel Sokolovas, emphasized the significance of this achievement and highlighted the potential for revolutionizing point-of-sale interactions. This milestone comes after Kevin. enabled the innovative payment method for Android users and obtained authorization under Apple's NFC Rights Program.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Kevin. Makes History with First NFC Account-to-Account Transaction on iPhone
