August 10, 2016Blog Posts

Apple hits back at Australian bank ‘cartel’ in Apple Pay fight

Finextra:

Apple has accused Australian banks of using “innuendo and misstatements” to support their attempts to overcome restrictions imposed by the consumer electronics firm on the use of iPhones for mobile payments. Apple Pay was launched in Australia in November 2015 through a limited partnership with American Express but was met with resistance from local banks because they are prevented from accessing Apple’s near field communication (NFC) technology, which enables tap and go payments.

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