Australian banks officially denied right to collectively negotiate with Apple

  |   Tech News

Standing firm on the decision it originally handed down in November, the Australian Competition and Consumer Commission has officially rejected a proposal from a handful of big Australian banks that would have allowed them to negotiate in a group with Apple.

Originally, the Australian banks also argued that Apple's fee for each transaction was too high, but they agreed to drop that argument last month and focus on making Apple Pay more open with NFC access.

Apple Pay head Jennifer Bailey had the following to say on the ongoing Australia battle: "While initially, in many markets, there have been banks that have initially been wary about working with a company as large as Apple, once they begin to work with us and understand the Apple Pay platform, they see the benefits of it.

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