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.
Business conditions in the small business sector are at their highest level in six years with trading and profitability “surging ahead”, reaching levels not seen since 2009, according to the latest National Australia Bank quarterly SME Index.
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