0
Wireless

ACCC to forbid banks to negotiate, boycott on Apple Pay

Thursday 1 December 2016 | 10:26 CET | News
The Australian Competition and Consumer Commission (ACCC) has proposed to deny authorisation to the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, and Bendigo and Adelaide Bank to collectively bargain with and boycott Apple on Apple Pay. The banks sought authorisation to bargain with Apple on two key issues, including access to the NFC controller in iPhones; and removing restrictions Apple imposes on banks preventing them from passing on fees that Apple charges the banks for the use of its digital wallet.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Australian Competition and Consumer Commission
Countries: Australia
::: add a comment
This article is part of dossier

iPhone

,

NFC


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Australia finds Apple breached consumer warranty rules

Published 07 Apr 2017 05:36 CET | Australia
The Australian Competition and Consumer Commission (ACCC) has instituted proceedings in the Federal Court against Apple and its ...

Australia bans SoleNet, Sure Telecom's telecom operations

Published 03 Mar 2017 09:25 CET | Australia
Australia's Federal Court has ordered SoleNet, Sure Telecom and James Harrison to pay penalties of AUD 250,000 and be restrained ...

Apple, Samsung and Google greatly expanded their mobile payment reach in 2016

Published 01 Jan 2017 12:08 CET | Asia
The year of 2016 has seen some big steps taken in the field of mobile payment, most notably because the mobile payment systems of ...