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Benzinga
Benzinga
Business
Adrian Zmudzinski

Apple Doubles Its Attack On Traditional Finance: The End Of PoS Systems?

Apple Nasdaq Adyen

Apple Inc. (NASDAQ:AAPL) expanded its efforts to make its mobile devices an alternative to traditional merchant point-of-sale (PoS) devices facilitating in-store card payments.

What Happened: In a Thursday announcement, Adyen announced that Apple enabled it to use the near-field communication (NFC) antenna on its mobile devices to process contactless payments. This is the second firm that the Cupertino giant allowed to use its devices as a PoS system and follows an authorization to do the same given to Stripe back in February.

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