Australia’s largest banks are reportedly in dispute with Apple over Apple Pay interchange fees. “Fees are a big sticking point in the negotiations, with big banks not willing to give Apple a slice of the A$2bn a year they earn in interchange fees,” The Sydney Morning Herald reports. “In the US, Apple is believed to earn about 15 cents of every US$100 transaction.”
- Eftpos brings Apple Pay debit payments to Australia with Rambus tokenization technology
- NFC mobile payments users triple in Poland in a year
- Apple Pay to go live in Scandinavia next week?
- Samsung Pay doubles its user base in Korea
- Dejamobile to supply Paris regional transit authority with NFC mobile ticketing technology