What's New in Payments

Australian banks lose fight to gain access to NFC functionality in Apple iPhones

Apple Australia

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



What's New in Payments

Australian banks drop Apple Pay fee request to focus on iPhone NFC access

iPhone

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


What's New in Payments

Australia’s retailers join the banks in their battle with Apple Pay

Australian Retailers Association

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


What's New in Payments

Apple Pay boss claims Australians will be ‘happy to switch banks’ for the mobile payments service

Apple's Jennifer Bailey

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




What's New in Payments

Android Pay launches in Australia

Android Pay Australia

Google has begun rolling out its Android Pay mobile payment service in Australia with support from American Express and Visa. The service will be available from 27 banks and credit unions at launch and from an additional seven financial institutions “soon”. MasterCard support is expected “in a few days”.  More



What's New in Payments

Android Pay to launch in Australia, adds in-app payments in US

Google will launch its Android Pay mobile payment service across Australia in the first half of 2016 with support from several of the country’s major financial institutions, including ANZ, Westpac, Bank of Melbourne, Bank of South Australia, Bendigo Bank, Cuscal, ING Direct, Macquarie Bank and St George. The mobile payment service has also enabled in-app payments in the US. More


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