Banks in Australia want to negotiate with Apple, team up to boycott Apple Pay
posted by Paul K. / Jul 27, 2016, 5:59 AM
While Apple does allow some of the banking apps be loaded on to iPhones, it limits their access to the handset's hardware, such as antennas or NFC. As a result, the banks' apps are nothing more than Internet banking tools. This does not sit well with the financial institutions, as they are expecting mobile payments to start replacing contactless cards very soon — the New South Wales Transport will begin an open trial for mobile payments in early 2017 and it is expected that this will be a catalyst for mobile payments usage.
So, the banks want two things. First, they will be requesting that Apple allow their digital wallet apps use the phone's communication hardware, thus allowing them to make mobile payments. Secondly, they will be asking for common (high) standards to be established among all digital wallet creators, and want Apple to be a part of the process, probably to give its quality expertise.
The ACCC reports that the institutions also want permission to collectively boycott Apple Pay while they are in negotiations with Cupertino. The application also suggests that other companies that have an interest in the topic are welcome to join the debate.
Apple hasn't had a smooth start with Apple Pay in Australia. The service became available there back in November of 2015, but only works for ANZ-issued American Express card owners.
Posts: 672; Member since: May 30, 2016
Unhealthy for banks!!
posted on Jul 27, 2016, 6:15 AM 0
Posts: 2221; Member since: Jan 16, 2011
"Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corp (collectively known as ANZ) " This is untrue and totally incorrect. ANZ is its own bank - there is no collectively about this!! CBA, NBA and WBC have nothing to do with the ANZ that is a bank in itself Correct the article
posted on Jul 27, 2016, 5:15 PM 0
Posts: 5868; Member since: May 06, 2016
Who the hell can stand such a selfish policy of Apple Pay? Apple wants to get a cut from any and everything other companies earn, when they use something related to Apple. I support the boycott at 100%
posted on Jul 27, 2016, 6:17 AM 14
Posts: 76; Member since: Jul 15, 2016
samsung pay , android pay and apple pay all should be boycotted for good
posted on Jul 27, 2016, 7:13 AM 0
Posts: 305; Member since: May 03, 2016
Why boycott Samsung Pay and Android Pay? They don't have the same restrictions as Apple Pay
posted on Jul 27, 2016, 7:32 AM 11
Posts: 797; Member since: Mar 05, 2016
Idiot crybaby banks. If you don't like the terms Apple sets, then don't use them, simple as that. Stick with Android Pay or Samsung Pay.
posted on Jul 27, 2016, 8:06 AM 0
Posts: 6794; Member since: Mar 29, 2012
I agree with you mostly but Apple customer are the prime meat. Easy to rip off.
posted on Jul 27, 2016, 9:30 AM 2
Posts: 4974; Member since: Mar 04, 2010
Umm, I think that's exactly what they're doing. That's what a boycott is, not using them or their services because you don't agree with their policy. They're doing this as a way to possibly force Apple to change their policies. It's the same as consumers voting with their wallet by not buying products from a company because of their policies or their products. It was similar to many who didn't buy Samsung's Galaxy S6 series or Note 5 when they dropped expandable storage, or Motorola when they went back to their crappy update support.
posted on Jul 27, 2016, 1:24 PM 0
Posts: 147; Member since: Jun 10, 2015
Who invested their money in R&D to develop Apple Pay? So Apple should develop the technology and maintain the App Store at their own costs then the banks must get a free ride? It's same as wanting to have a nice highway for your car, but you refuse to pay any tax.
posted on Jul 27, 2016, 8:57 AM 0
Posts: 994; Member since: Jul 31, 2012
You mean who developed NFC and made it work for digital payments? (not Apple) The banks are more than happy to develop their own payment system, they don't even what what Apple is providing, the problem is that they're locked out. Why pay for Apple when they can just use a competing system? Everyone else makes their money off of the sale of devices, Apple just wants to make money hand over fist on everything. And it all ends up costing us, the consumers, in the end.
posted on Jul 27, 2016, 10:25 AM 2
Posts: 2; Member since: Aug 18, 2012
We do have Android pay & Samsung pay in Aus now, so there is some competition to Apple pay. Most of the major banks have their own payment systems or will be on Android Pay. ANZ is the only major bank on all 3 services at the moment.
posted on Jul 28, 2016, 6:03 AM 0
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