The Australian Competition and Consumer Commission (ACCC) today rejected an application from several Australian banks that sought to collectively negotiate with Apple over Apple Pay, reports Reuters.

Commonwealth Bank, Westpac, National Australia Bank (NAB), and Bendigo and Adelaide Bank sought to enter into group talks with Apple in an attempt to establish a deal that would give them access to the NFC hardware in the iPhone, allowing them to offer their already-established bank-run mobile payments services using the iPhone's NFC chip.

applepayanz
The four banks needed the permission of the ACCC to avoid violating anti-cartel laws, but their request has been officially denied. In a statement, ACCC chairman Rod Sims said the benefits are "uncertain" and "may be limited."

"While the ACCC accepts that the opportunity for the banks to collectively negotiate and boycott would place them in a better bargaining position with Apple, the benefits are currently uncertain and may be limited."

Today's denial follows an initial denial in August, where the ACCC opted to take more time to consider the issue before granting a request that would have allowed the banks to boycott Apple Pay while negotiations took place. The ACCC has now denied the banks both interim and draft authorization, but a final ruling on the request will not come until March of 2017.

Apple vigorously opposed the initial request, stating that allowing banks to access hardware within the iPhone would compromise security, undermine customers' privacy, and harm innovation. The banks, meanwhile, claim access to NFC would give customers more choice and would have "tremendous benefits for the entire Australian mobile payments landscape."

While Apple Pay has been available in Australia since November of 2015 through partnerships with ANZ and American Express, Australia's three major banks -- Commonwealth Bank, Westpac, and National Australia Bank -- have thus far resisted signing deals with Apple to accept Apple Pay.

Recently, Apple inked a deal with Cuscal Payments Group, expanding Apple Pay to more than 30 small banks and credit unions across Australia. The agreement saw Apple Pay becoming available to four million additional Australians.

Related Roundup: Apple Pay

Top Rated Comments

Mr PB Avatar
56 months ago
I don't know how these banks are seeing how their continued aggression in trying to barter would be perceived as anything other than greedy and consumer-unfriendly. Switched from CBA to ANZ & AMEX as I could read the writing on the wall in this - even removing Apple Pay from the equation, it's been a much better experience.
Score: 8 Votes (Like | Disagree)
the8thark Avatar
56 months ago
G'day mate! 'Nother shrimp on the barbie?
Do you realise that Aussies don't call them shrimp?
Score: 5 Votes (Like | Disagree)
jclo Avatar
56 months ago
That's a confusing, though grammatically correct, sentence. It seems like ANZ and AmEx have Apple Pay in Australia, but not Commonwealth, Westpac, or NAB, correct?
Yes, that is correct. I rewrote that sentence so it's clearer. I'm sorry for the confusion.
Score: 4 Votes (Like | Disagree)
dehydratedH2O Avatar
56 months ago
While Apple Pay has been available in Australia ('https://www.macrumors.com/2016/04/27/apple-pay-australia-anz/') since November of 2015 through partnerships with ANZ and American Express, Commonwealth Bank, Westpac, and National Australia Bank have thus far resisted signing deals with Apple to accept Apple Pay.
That's a confusing, though grammatically correct, sentence. It seems like ANZ and AmEx have Apple Pay in Australia, but not Commonwealth, Westpac, or NAB, correct?
Score: 3 Votes (Like | Disagree)
samh004 Avatar
56 months ago
I understand the angle the banks are coming from. However, I would imagine that even if Apple did open up their NFC hardware, these other banks would still not use Apple Pay, and instead just use their own systems. While that may work out well for them, I don't see them accepting Apple Pay after they have done that.

Therefore, it's right for Apple to hold their ground on this. The banks will have to come around eventually... probably some time between March and November (2 years after ANZ) next year :p

As for shrimps...

Score: 3 Votes (Like | Disagree)
Aussi3 Avatar
56 months ago
This is so stupid I'm thinking of switching because of how stubborn the banks are being
Score: 3 Votes (Like | Disagree)

Top Stories

iphone 6 in hand

Apple Faces Another iPhone Lawsuit Over 'Programmed Obsolescence'

Monday March 1, 2021 6:44 am PST by
Apple faces a new class-action lawsuit that accuses it of deliberately releasing iOS updates that slowly reduce the performance of an iPhone, forcing customers to upgrade their devices. The lawsuit comes from the Portuguese Consumer Protection Agency, Deco Proteste (via Marketeer), which in a statement says that it will proceed with a case against the Cupertino tech giant because it...
PIA23764 RoverNamePlateonMars web

NASA Mars Perseverance Rover Uses Same PowerPC Chipset Found in 1998 G3 iMac

Tuesday March 2, 2021 3:21 am PST by
NASA's Perseverance rover, which recently made history landing on the surface of Mars, is powered by the same processor used in an iMac more than 23 years old. Image Credit: NASA As reported by NewScientist (via Gizmodo), the rover includes the PowerPC 750 processor, the same chip used in the G3 iMac in 1998. The main chipset is the same; however, there are differences between the...
magsafe charging brick feature

Prosser: iPhone 12 MagSafe Battery Pack to Feature Reverse Charging

Monday March 1, 2021 1:18 pm PST by
Apple is working on MagSafe-compatible battery packs that will be compatible with the iPhone 12 models, and leaker Jon Prosser today said on the Genius Bar podcast that one version of the battery pack will feature "reverse charging." According to Prosser, Apple is working on two versions of the battery packs, one that's a standard version and one that's a premium version with reverse...
iphone 12 pro display video

iPhone 13 to Include 1TB Storage Option and LiDAR Across the Board, Says Wedbush Analyst

Monday March 1, 2021 4:00 am PST by
Apple's forthcoming iPhone 13 could include a 1TB storage option for some models and LiDAR Scanners across the entire lineup, according to a report from Wedbush analysts. In a new note to investors, seen by MacRumors, Wedbush analyst Daniel Ives said that initial Asian supply chain checks gave the firm "increased confidence" that Apple's 5G-driven product cycle would extend well into 2022,...
Top Stories 47 Feature copy

Top Stories: MacBook Pro, iMac, and AirPods Rumors, macOS 11.2.2, MagSafe Wallet Revisited

Saturday February 27, 2021 6:00 am PST by
March is right around the corner, and that means our first good opportunity for Apple product launches in 2021 as the company frequently has significant launches in March or April each year. We're hearing rumors about MacBook Pro, iMac, AirPods, and more, although many of these will be coming out at different times over the course of the year. This week also saw a macOS update to address a ...
microsoft edge ios android

Bill Gates Says His Preference for Android Over iPhone is Due to Pre-Installed Software

Friday February 26, 2021 3:35 am PST by
Microsoft co-founder Bill Gates this week participated in his first meeting on Clubhouse, the increasingly popular invite-only conversation app, where he fielded a range of questions as part of an ongoing book tour. Gates was interviewed by journalist Andrew Ross Sorkin, and given that the Clubhouse app is currently only available on iOS, naturally one of the questions that came up was...
iphone 12 120hz thumbnail feature

Kuo: iPhone 13 Lineup to Feature Smaller Notch and Larger Batteries, 120Hz Display for Pro Models, and More

Monday March 1, 2021 7:50 am PST by
iPhone 13 models will all feature a smaller notch, while the two Pro models will be equipped with low-power LTPO display technology for a 120Hz refresh rate, analyst Ming-Chi Kuo said today in a research note obtained by MacRumors. Subscribe to the MacRumors YouTube channel for more videos. Several other sources have previously claimed that some iPhone 13 models will support a 120Hz refresh...
maxresdefault

HomeKit Essentials Worth Checking Out

Saturday February 27, 2021 7:05 am PST by
HomeKit was slow to take off after its 2014 launch, but now that it's been around for seven years, there are hundreds of HomeKit products available, ranging from doorbells and speakers to TVs, lights, and cameras. In our latest YouTube video, we rounded up some of our favorite HomeKit products that we find most useful. Subscribe to the MacRumors YouTube channel for more videos. HomePod...
First Look Big Sur Feature2

Apple Releases macOS Big Sur 11.2.2 to Prevent MacBooks From Being Damaged by Third-Party Non-Compliant Docks

Thursday February 25, 2021 10:07 am PST by
Apple today released macOS Big Sur 11.2.2, the fourth update to the macOS Big Sur operating system that launched in November. macOS Big Sur 11.2.2 comes two weeks after the release of macOS Big Sur 11.2.1, a bug fix update. The new ‌‌‌‌macOS Big Sur‌‌‌ 11.2.2‌ update can be downloaded for free on all eligible Macs using the Software Update section of System Preferences....
Apple Prefer Lightning Over USB C Feature

iPhone Sticking With Lightning Port Over USB-C for 'Foreseeable Future'

Tuesday March 2, 2021 9:32 am PST by
Apple will retain the Lightning connector on the iPhone for the "foreseeable future," with no intention of switching to USB-C, according to reliable analyst Ming-Chi Kuo. In spite of much of the industry moving toward USB-C, Apple will not be using it to replace the Lightning connector on the iPhone 13, or indeed on any iPhone model for the time being. In a note seen by MacRumors yesterday,...