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.

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Categories: Mobile & Wireless
Companies: Apple / Australian Competition and Consumer Commission
Countries: Australia
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