Curated News
By: NewsRamp Editorial Staff
April 11, 2024

kevin. Marks Milestone with First NFC Account-to-Account Transaction on iPhone

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Source News Release

TLDR

  • kevin. has successfully conducted the first NFC peer-to-peer transaction on an iPhone, breaking Apple's tight control over NFC technology and opening up new possibilities.
  • kevin. has rigorously developed a technical solution within Apple's architectural framework, integrating their kevin. technical solution into Apple's HCE emulation for a seamless experience.
  • By enabling peer-to-peer NFC payments on iPhones, kevin. is empowering consumers to choose how they pay, democratizing access to NFC technology and fostering fair competition in the mobile payments industry.
  • kevin. has achieved a major breakthrough by executing the first peer-to-peer NFC transaction on an iPhone, paving the way for a revolution in point-of-sale interactions.

Impact - Why it Matters

The successful NFC transaction marks a significant shift in the payment landscape, challenging Apple's control over NFC technology and offering consumers a more open and versatile payment experience. This development could lead to increased competition, innovation, and ultimately, greater convenience and security for users around the world.

Summary

In a groundbreaking event set to disrupt the in-store payment landscape, kevin., a pioneer in payment technology, successfully conducted the first NFC account-to-account transaction on an iPhone.

This technological leap follows the European Commission's pressure on Apple to democratize NFC access, breaking years of Apple's tight control over NFC technology on iOS devices. Pavel Sokolovas, kevin.'s co-founder, emphasized the significance of this milestone, highlighting the company's commitment to revolutionizing payment systems for the future. With the recent regulatory changes, kevin. swiftly obtained authorization under Apple's NFC Program, positioning itself for further development in their controlled environment.

kevin. aims to reshape outdated payment systems with its newly built infrastructure, offering partners complete control over their in-store payment processes. This innovation promises to unlock greater value through improved services, enhanced conversion rates, and strengthened customer loyalty.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, kevin. Marks Milestone with First NFC Account-to-Account Transaction on iPhone

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