25 news stories.
• Should Australian Competition and Consumer Commission be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Australian Competition and Consumer Commission be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The European Commission is preparing to file an antitrust charge against Apple over the company’s limitation of access to its NFC chip technology, “people familiar with the matter” have told Reuters... More
The South Korean parliament has passed a bill that will require companies such as Apple and Google to allow the use of payment services other than their own proprietary systems for the purchase of digital goods within their app stores... More
An Australian parliamentary committee has held a public hearing at which it heard evidence from representatives of leading Australian banks, payment services providers and other financial bodies on regulatory issues including whether companies such as Apple should be mandated to allow third-party payment apps access to a smartphone’s NFC chip... More
The three ‘big four’ Australian banks that have held out on offering Apple Pay to their customers after losing a bid to force the iPhone maker to open up its NFC functionality could all now be set to adopt the service in the coming weeks... More
ACCC to question Apple on Westpac chat app payments ban — Australian Financial Review — “Technology giant Apple’s controversial decision to order Westpac Banking Corporation to disable a mobile banking feature that let customers make payments in chat apps such as WhatsApp and Facebook Messenger has caught the attention of Australia’s competition watchdog, amid concerns it could be attempting to remove rivals to its own upcoming service.”
Westpac has become the first of Australia’s big four banks to begin supporting Samsung Pay, taking the service to “millions of Westpac Mastercard and Visa debit and credit cardholders” following its launch in the country with support from American Express and Citibank in June 2016... More
The Australian Competition and Consumer Commission’s (ACCC) decision to rule against a group of banks seeking access to the NFC technology within Apple’s iPhones “stifles innovation” from the banks and other players in the market, according to Westpac’s Dave Curran... More
The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More
Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian banks seeking access to the iPhone’s NFC functionality say in their latest submission to the Australian Competition and Consumer Commission (ACCC)... More
The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees Apple imposes on its mobile payment service, and will now focus solely on gaining access to the NFC functionality within the iPhone... More
The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe access to the NFC functionality in the iPhone would allow retailers to provide “a richer and more convenient customer experience”... More
Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with Apple over the introduction of the mobile payments service risks “being left behind” in the development of digital wallets by doing so... More
Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view to setting a precedent for charging for mobile payments on other digital wallets,” Apple claims in its latest submission to the Australian Competition and Consumer Commission (ACCC)... More
Apple Pay could encourage competition between banks on credit cards in Australia, prompting more promotions and discounts, according to Apple’s latest submission to the Australian Competition and Consumer Commission (ACCC)... More
The group of Australian banks seeking better negotiation powers over the arrival of third party mobile wallets have been denied authorisation to do so in a draft determination by the Australian Competition and Consumer Commission (ACCC)... More
The group of Australian banks taking on Apple over access to the NFC technology within iPhone handsets says the restriction is not only preventing the introduction of mobile wallet services across multiple platforms but also proving detrimental to continued investment into mobile payment apps... More
Apple is claiming the group of Australian banks pushing for the company to open up access to the NFC technology within its handsets is “not interested in promoting competition in mobile payments” within the country... More
Apple’s claim that allowing access to the NFC technology within its iPhones would diminish the security of Apple Pay has been branded “completely baseless” by a group of four Australian banks, who are seeking greater powers of negotiation over the entry of third-party mobile wallets in the country... More
A group of South Korean financial services providers are following in the footsteps of four Australian banks by preparing to take action against Apple in a bid to pressurise the technology giant into opening up the NFC technology within its iPhone handsets... More
Apple has made clear that allowing access to the NFC technology within its iPhone is “not open to negotiation with any bank”. More