text:  their own contactless payment systems, if you like. They have to do it by the 25th of July. If it hadn't, it risked having to open up its own wallet because the fines are potentially pretty eye-watering. 10% of global turnover, that would be about $40 billion. But those kind of top-notch fines are somewhat rare, but certainly a lot of money. Does this actually mean anything for people who are using current iPhones?