British mobile wallets NFC venture cleared by EU watchdog

The European Commission gave the go-ahead to mobile operators Telefónica, Vodafone and Everything Everywhere to create a joint venture that will allow customers to make payments via their phone using near-field communications (NFC) technology. The system stores debit or credit card information on handsets and enables payment by swiping the phone near a reader at the checkout.

From iOS vs Android to the timeless PC vs Mac. As Samsung and Apple take the headlines, we look at the other classic battles. The probe was launched in April after concerns were raised by 3UK, which complained to the Commission that the project was "discriminatory" since the three companies involved represent more than 90% of UK mobile subscribers.