Failed Apple Pay dispute with Australian banks, ruling set for October :{ date}

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Failed Apple Pay dispute with Australian banks, ruling set for October

Failed Apple Pay dispute with Australian banks, ruling set for October

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Australia's ACCC Denies Banks Interim Approval in Apple Pay Case

Australia's ACCC Denies Banks Interim Approval in Apple Pay Case

Australia's anti-trust regulator on Friday said it would not grant the country's three biggest banks interim approval to collectively negotiate with Apple aapl to install their own electronic payments applications on iPhones.Australia's three biggest banks, including the number one lender National Australia Bank (NAB) national-australia-bank , last month lodged a joint application seeking permission to negotiate as a bloc from the Australian Competition and Consumer Commission (ACCC).The ACCC said that its decision not to grant the banks the interim ruling was not indicative of whether the full ruling, expected in October, would be successful or not.


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ACCC won't take action in banks' Apple Pay fight — yet

ACCC won't take action in banks' Apple Pay fight — yet

The Australian Competition and Consumer Commission says it is "continuing to assess" an application lodged with the body by a group of banks that seek the right to collectively negotiate with, and potentially collectively boycott, mobile wallet providers including Apple.The ACCC said it would not grant an interim authorisation sought by the banks due to the "complexity of the issues and the limited time available"."The ACCC requires more time to consult and consider the views of industry, consumers, and other interested parties," the chairperson of the competition watchdog, Rod Sims, said in a statement.