Fintech Thoughts

An Open Letter to Innovators: Apple’s NFC Decision and the Power of Persistence
FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards PayTech Labs FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards PayTech Labs

An Open Letter to Innovators: Apple’s NFC Decision and the Power of Persistence

In a world driven by ideas and innovation, moments like these are what we live for. After over a decade of advocacy and perseverance, Apple has finally opened up its iPhone’s NFC chip to developers—a decision that could reshape the future of mobile payments. As someone who’s been pushing for this change for years, often labeled as "crazy" or out of touch, this is a powerful reminder that our ideas matter. It’s a victory for innovation, competition, and consumer choice.

To all the builders and dreamers out there: this is your moment. The doors to a new era of innovation have opened—now it’s time to walk through them.

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Introducing PayTech Labs: Pioneering the Future of FinTech Solutions
FinTech, Banking and Finance, Digital Innovation, Engineering, Product Development, Product Innovation, Product-Led Growth Model, Fraud Prevention, KYC, Compliance, AML/BSA, Identity, PayTech Labs Corey Glaze FinTech, Banking and Finance, Digital Innovation, Engineering, Product Development, Product Innovation, Product-Led Growth Model, Fraud Prevention, KYC, Compliance, AML/BSA, Identity, PayTech Labs Corey Glaze

Introducing PayTech Labs: Pioneering the Future of FinTech Solutions

Introducing PayTech Labs: At the intersection of innovation and finance, PayTech Labs emerges as a beacon for the future, crafting cutting-edge fintech solutions for enterprises and their customers. Operating in stealth mode, we're gearing up for a transformative platform launch aimed at redefining the financial ecosystem. With a unique synergy with Paytech Services, we offer unparalleled expertise in platform architecture and fintech services. Join us on this exciting journey to the forefront of financial technology. Discover the future with PayTech Labs.

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CFPB Challenges Apple’s NFC Monopoly: A Push for Competition and Consumer Choice (UPDATED 8.15.24)
FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards, Fraud Detection and Prevention Corey Glaze FinTech, Touchless Payments, Mobile Payments, NFC, Apple, Google, Consumer Protection, Digital Innovation, Regulatory Challenges, Market Competition, Global Payments, Privacy and Security, Banking and Finance, Technology Law and Policy, CFPB, P2P Payments, Open Banking, Payments, Banking as a Service, BaaS, Card Issuing, Credit Cards, Prepaid Cards, Fraud Detection and Prevention Corey Glaze

CFPB Challenges Apple’s NFC Monopoly: A Push for Competition and Consumer Choice (UPDATED 8.15.24)

The Consumer Financial Protection Bureau (CFPB) has raised concerns about Apple's exclusive control over NFC technology in iOS devices, questioning its impact on competition and innovation in the mobile payment industry. Critics argue that Apple's monopoly limits consumer choices and hinders the growth of open banking. The issue has gained global attention, with entities like the European Commission also challenging Apple's restrictive NFC policies.

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