Apple slams Australian bank ‘cartel’ in Apple Pay fight
Apple is not exactly thrilled by the Australian banking industry’s attempts to undermine its rollout of Apple Pay.
In July, four major financial institutions applied to the Australian Competition and Consumer Commission (ACCC) to negotiate collectively with Apple regarding mobile payments.
For the banks — Bendigo and Adelaide Bank, the Commonwealth Bank of Australia, National Australia Bank, and Westpac — the fight centred on the fact that Apple does not allow outside banking apps to use iPhone hardware in favour of its own Apple Pay service. Read more…