Wallets (71 items)

Collective bargaining with Apple would enhance security, APCA says

The argument between the banks and Apple over Apple Pay is not only about access to the iPhone's NFC chip. The payments industry peak body says forcing Apple to accept a common set of security standards would provide a net public benefit. read more

Retailers back banks' Apple application

Australian retailers have backed the banks' application to negotiate collectively with Apple over access to its mobile payments technology, reminding the Australian Competition Commission that it has made a big investment in NFC technology, which it wants to keep open and inclusive. read more

US dashes to close EMV vulnerability

The languid pace of the penetration of the US magnetic card user base by EMV cards is highlighted in a new Nilson Report study, and the slow pace of uptake to date may be why Apple Pay has missed its chance at early traction in a mass market lacking user coaching on the use and merit of NFC payments, via chip cards. read more

ACCC turns down banks' request for interim authorisation on Apple bargaining

A group of banks applying for authorisation to bargain collectively with Apple over access to the NFC chips in iPhones have failed in their bid to secure interim authorisation.The Australian Competition and Consumer Commission announced on Friday that, given the complexity of the issue, it needed more time to consult and consider the views of industry, consumers and other interested parties.The ACCC said the normal authorisation process would take around six months. It said its decision not to grant interim authorisation was "not indicative of whether or not a draft or final authorisation will be granted." read more

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