Three brands have filed a complaint by taking with EU for the event of near field communications. With the sequence to the fact three major brands such as Vodafone, O2 and Everything Everywhere have consisted for consortium in the field of NFC payment.
The entire thing has come to the main limelight while three major networks are hoping to develop a mobile wallet project which generally uses a pay, while you want to go with NFC chips, though on the other hand it will allow its users to pay and tap inside the shops and cafes.
As the main regulations have suggested Everything Everywhere, O2 and Vodafone for going ahead, but the matter of fact is that three are not done that, in the same time this three major brand are now starting to take legal action with the EU’s antitrust authorities.
Topmost thing happening within this:
With the sequence to the fact Stephen Lerner, has stated “In this regard three general counsels have added their network as a copy collaboration, which should not be allowed by the EU any more, because in general EU is not allowed any types of collaboration to go forward under any circumstances.”
Just after finished that Stephen has added “If in any case any serious competition concerns, then it implements seriously for both point of view i.e. wider business and consumers, because the internet communication in now moving towards mobile.”
Though in the present time, NFC is on the cusp of taking off it in a big way, because Apple’s upcoming smartphone iPhone 5 is now waiting in the queue including an NFC chip.