Australian regulator opposes collective bank bargaining on Apple Pay
SYDNEY Three of Australia’s four biggest banks will be barred from collectively bargaining with Apple Inc (AAPL.O) in relation to its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. The Australian Competition and Consumer Commission said letting banks collectively offer their own integrated digital wallets in Apple iPhones, in competition with Apple’s Apple Pay system, would reduce each bank’s ability […]