Contactless/NFC (92 items)

Banks up the ante on ApplePay

A "collective boycott" by most Australian banks of Apple Pay is a threat that's been renewed by banks in their latest missive to the Australian Competition and Consumer Commission. It's to rationalise their request for permission to engage in "limited collective negotiation with providers of third-party mobile wallet services," a matter wholly about Apple. read more

New surcharge rules take effect this week

A new card payment surcharge standard will take effect on Thursday, limiting surcharges to recovering the cost of acceptance, which has been defined more narrowly than in previous versions of the standard. read more

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

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

Muted response to banks' ACCC mobile wallet application

The deadline for submissions to the Australian Competition and Consumer Commission from interested parties on the application by a group of banks to bargain collectively with third-party mobile wallet providers has passed with only six submissions filed. read more

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