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 achieved the first NFC account-to-account transaction on an iPhone, revolutionizing in-store payments and gaining a competitive advantage in the market.
- Kevin. has rigorously developed their technical solution to integrate with Apple's HCE, ensuring security, transaction validation, and a seamless user experience for account-to-account transactions.
- Kevin.'s achievement promises a more open market where consumers are no longer limited by specific payment platforms, leading to a fundamental redesign of how transactions are conducted worldwide.
- Kevin.'s pioneering technology has broken new ground in in-store payments, offering a tap-and-go experience compatible with both Android and iOS devices.
Impact - Why it Matters
The breakthrough by kevin. in enabling NFC account-to-account transactions on iPhones has the potential to revolutionize the way people conduct transactions worldwide. This development signifies a shift towards a more open and competitive payment landscape, empowering consumers to choose their preferred payment methods and breaking free from the constraints of specific payment platforms.
Summary
kevin., a pioneer in payment technology, successfully completed the first NFC account-to-account transaction on an iPhone, breaking new ground in the world of mobile payments. This technological leap follows pressure from the European Commission on Apple to democratize NFC access and marks a significant milestone in the pursuit of an open payment ecosystem.
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
