The Commonwealth Bank has attempted, on its own, to break the impasse with Apple over Apple Pay, by offering to pay the tech firm for use of its payment infrastructure.
The Australian Competition and Consumer Commission is leaning towards denying a request from a number of banks to collectively bargain with Apple over Apple Pay.
Australian banks appear to be holding up international digital money transfers to people who have an initial as the first part of their name, due to what are claimed to be provisions of the Anti-Money Laundering and Counter Terrorism Financing Act.
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