apple_commet

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  • Retailers, payments association side with Australian banks over Apple Pay negotiations

    apple_commetapple_commet
    Just thinking this thru... Assume Apple opens up NFC support to 3rd-pary app (which sounds already bad due to security concerns), next thing AAAC will do is create an Apple Wallet "equivalent" that will use Apple's NFC. The difference is - they can bypass Apple Pay payment gateway - and charge greater commission rate to Australian retailers. It seems to me AAAC cartel is looking for a way to profit from it. Also, 15 cents on $100 thru Apple payment gateway - is an amazing deal - from previous $2.50 - $3.00 on $100 that retailers payed in U.S. to 3rd party payment gateway.
    williamlondon