News stories featuring European Commission:
June 3rd, 2016
The European Commission has approved the proposed acquisition of Visa Europe by Visa. “Visa has now received all regulatory approvals required for the acquisition,” Visa says. “The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc’s fiscal third quarter of 2016. Visa will announce the closing once it has occurred.”
April 25th, 2016
Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on the third anniversary of closing,” Visa says.
September 5th, 2012
The European Commission has given its unconditional approval for the UK’s three largest mobile network operators to form a joint venture company to introduce NFC mobile payments and promotional services in the UK.
July 9th, 2012
The European Commission is set to green light the creation of a joint venture company to bring NFC to market in the UK, according to the Financial Times. Project Oscar, first announced in June 2011…
May 4th, 2012
The European Commission has prolonged the deadline for a decision on whether to give the go ahead to the UK carrier-led ‘Project Oscar’ NFC joint venture, Bloomberg reports. The decision will now not be made until 19 September, 17 days later than originally planned. “The EU’s merger control authority didn’t give a reason for the extension,” says Bloomberg. Objectors to the venture included Google and PayPal, according to the Financial Times.
April 26th, 2012
Amid on-going delays for the UK mobile network operators’ Project Oscar NFC joint venture, O2 has moved ahead with the launch of a mobile wallet that offers a suite of payments and marketing services to any mobile phone user, regardless of the carrier they get their mobile service from — with NFC to arrive later.
April 20th, 2012
The European Commission (EC) has started a public consultation to find out what framework is needed to unleash the potential benefits of the coming ‘internet of things’. “An internet of things with intelligence embedded into everyday objects is the next big thing,” says Neelie Kroes, the EC’s vice president for the digital agenda. “I want to promote an internet of things that serves our economic and societal goals, whilst preserving security, privacy and the respect of ethical values.”
April 16th, 2012
The European Commission has opened an in-depth investigation into the planned NFC joint venture between Everything Everywhere, Telefónica and Vodafone UK which will delay launch until after the London Olympics and casts doubts over the timetable for the introduction of similar projects in a number of other European countries.
March 22nd, 2012
Orange plans to provide three million SIM-based NFC devices to customers based in the European Union in 2012, according to Stéphane Richard, chairman and CEO of France Telecom-Orange. That number will increase to 10m devices in 2013, Richard told the European Commission’s Neelie Kroes during a meeting in Brussels this week. Orange recently revealed it now has 500,000 customers in the UK and France equipped with an NFC phone.
March 9th, 2012
The NFC joint venture between three UK mobile network operators has now filed for approval with the EU to go ahead with the scheme, code named ‘Project Oscar’, the Guardian reports, despite on-going objections from…
February 29th, 2012
February 20th, 2012
The UK NFC joint venture announced last year by mobile network operators Vodafone, O2 and Everything Everywhere is expected to seek the official go ahead for the scheme, dubbed Project Oscar, in the next two…
January 17th, 2012
The European Commission has published a green paper assessing the current card, internet and mobile payments landscape and is asking stakeholders to contribute their thoughts on how to ensure a modern, integrated payments environment can be implemented across Europe.
November 30th, 2011
Mobile network operators KPN and Vodafone have signed a cooperation agreement with bankers ABN Amro, ING and Rabobank — but T-Mobile has pulled out of the ‘Sixpack’ partnership and will follow its own route to market.
November 25th, 2011
The lack of a “concrete European framework” for mobile payments means “the largest and most promising global m-payment initiatives are currently launched outside Europe,” according to a European Commission document that Bloomberg News has obtained. “Regulators may seek to spur mobile-phone payments,” says Bloomberg.
November 21st, 2011
The planned joint venture between the UK’s three leading mobile network operators is “anti-competitive and akin to a joint selling arrangement,” says Three UK, which was not invited to take part in establishing the new NFC service provider.
September 9th, 2011
The APSIS4All project plans to use cutting edge technologies including NFC to make it easier for the elderly and the disabled to make use of ticket vending machines, public information kiosks, cash dispensers and other self-service terminals.
September 8th, 2011
“Competition authorities in Brussels should not allow this type [of] collaboration to go forward under any circumstances,” says Three, which was not invited to be part of the UK project. “We’re asking the Commission to take a clear view of what is at stake for consumers and the dangerous precedent this move could set across Europe.”
November 27th, 2008
Tourists visiting ski resorts in the Italian Dolomites this winter will be provided with NFC-enabled phones for use in a range of applications as part of the Stolpan consortium’s first field trial. Phones and terminals from multiple suppliers will be used.
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