A group of Australian banks, which have applied to the Australian Competition and Consumer Commission for leave to jointly talk to Apple about gaining access to Apple Pay and the near field communication (NFC) on iPhones, have modified their demands, stating that they only want open access to the NFC function.
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.
Four Australian banks, that have more or less lost the fight to take on Apple as a cartel for negotiations to allow their card holders to use Apple Pay, are fighting a losing battle on all fronts.
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