Posts Tagged ‘Android Pay’
Banks lose to Apple Pay in competition stoush
Well it’s official. The Australian Competition and Consumer Commission (ACCC) has finally determined that the “banks” (CBA, Westpac, National and Bendigo & Adelaide Bank) are not allowed to collectively negotiate with Apple for access to the NFC chip on iPhones and corresponding access to the App Store. Although the ACCC agreed that access would in some…
Read MoreShould Visa and MasterCard be scared of Apple and Google?
If Visa and MasterCard are the toll roads for payments between consumers and merchants, then Apple Pay and Android (Google) Pay are the new class of on-ramps. The risk for Visa and MasterCard is that Apple and Google eventually activate the corresponding exits that deliver payments from the payers (consumers) to the payees (merchants) and…
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