A month after Australian banks demanded the right to have their own apps access the NFC chip used for Apple Pay, Apple has issued a formal response to the Australian Competition and Consumer Commission (ACCC). The company argues that giving Australian banks what they want would be doubly harmful to consumers.
A fortnight ago, the ACCC denied the banks an interim ruling, but said that it would be considering the matter more fully.
Apple initially dismissed the idea on security grounds, also claiming that the banks were acting as an illegal cartel. It has now made a 21-page formal submission to the competition authorities, explaining the two additional reasons it believes such a move would be detrimental to the interests of consumers …
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