NFC Times Exclusive Insight – Apple vowed it will not agree to open up its NFC technology or yield to other negotiating points that four large Australian banks have raised as part of their request to antitrust regulators to negotiate collectively with Apple and to boycott participation in Apple Pay while the negotiations are going on.
Apple made the statements as part of a detailed response it submitted Friday to the Australian Competition and Consumer Commission, calling on regulators to reject the banks’ collective-bargaining plan, which it contends amounts to a “cartel.”
In the response, Apple also suggests that the banks are seeking to put Apple Pay at a disadvantage to the banks’ own mobile payments services, most of which use Android phones. Apple had earlier submitted a shorter response to the banks’ action.
