Spanish wallet venture approved by EC

The joint venture between CaixaBank, Santander and Telefonica has been show green light by the European Commission. The European Commission found that “there are sufficient credible alternative issuers of payments cards in Spain, therefore allowing competing digital wallet providers to continue offering peer-to-peer payments services either on a stand-alone basis or by partnering with financial…

News & Views – July 2013

ON NFC AND CONTACTLESS “NFC for payments is officially dead” Apple’s unveiling of iOS7 was the final nail in the coffin for NFC, according to Matt Witheiler, Principal, Flybridge Capital Partners. Although Tim Cook didn’t outright announce that the next iPhone wouldn’t have NFC, he said as much, Witheiler argues, with announcement of the AirDrop…