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BRIEF-ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay
March 30, 2017 / 11:05 PM / 6 months ago

BRIEF-ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay

March 31 (Reuters) - Australian Competition And Consumer Commission-

* ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay

* “ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments”

* “Concerned that the proposed conduct is likely to reduce or distort competition in a number of markets”

* Says banks sought authorisation to bargain with Apple for access to near-field communication (NFC) controller in Iphones, reasonable access terms to App store Source text: (bit.ly/2nB5YZw) Further company coverage:

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