<http://schema.org/description>
"Australia&amp;#8217;s banks have argued in their joint response to the Australian Competition and Consumer Commission (ACCC) that Apple&amp;#8217;s arguments against collectively negotiating with banks on accessing its mobile payments app Apple Pay due to security concerns are &amp;#8220;unconvincing&amp;#8221; and &amp;#8220;superficial&amp;#8221;. The Commonwealth Bank of Australia, National Australia Bank, Westpac Bank, and Bendigo and Adelaide Bank have been seeking regulatory approval to collectively negotiate with third-party mobile providers such as Apple on conditions relating to competition, best practice standards, and efficiency. Specifically, they want non-exclusive access to the near-field communication (NFC) chip, standardised security for all mobile payments systems, and price [&amp;hellip;]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://naijaknow.com/apple-pay-arguments-against-negotiation-superficial-and-unconvincing-banks>