Apple is prepared to open the iPhone s ability to tap-to-pay to rivals in the EU after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday. The European Commission has invited companies in the contactless payments business to comment within a month on Apple s proposal to see if it addresses their competition concerns on getting access to tap-to-pay tech on iPhones and Apple watches.
Apple has reached an agreement to settle a US class action lawsuit, in which the company will be paying $35 million to iPhone 7 and iPhone 7 Plus users, who were prone to audio issues due to a defective chip in the devices.
A parcel delivery firm in Britain has disabled the artificial intelligence (AI) function in its online chat systems after a frustrated user coaxed the system into composing a poem about how bad the company s customer service was.
Paytm scaled down one of its most popular credit products Paytm Postpaid in December. The impact of this on Paytms business became evident on January 19, when the company reported its December quarter financials.