Consumer watchdog rejects bid from Commonwealth Bank,Westpac, National Australia Bank, and Bendigo and Adelaide Bank to negotiate together with AppleCustomers of three of Australia’s four big banks will not acquire access to Apple’s electronic payment system,after the competition watchdog refused their application to bargain collectively.
Commonwealth Bank, Westpac, or National Australia Bank,and Bendigo and Adelaide Bank applied in July to negotiate as a collective over the employ of Apple Pay, which allows touch-and-move payments on iPhones. Related: Apple Pay to launch in China despite stiff competition in mobile payment Continue reading...
Source: theguardian.com