November 28, 2016Blog Posts

Australian regulator set to oppose collective bank bargaining on Apple Pay

Reuters:

Australia’s antitrust regulator said on Tuesday it is likely to deny four local banks permission to collectively bargain with Apple Inc. in relation to its mobile digital payments system. But the preliminary decision was “finely balanced” and could be reversed if the banks make a convincing case before a final opinion is due in March, Australian Competition and Consumer Commission Chairman Rod Sims told Reuters.

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