Australia’s ANZ bank has reported a surge in applications for credit cards and deposit accounts since it added support for Apple Pay in April 2016, forcing “other major banks to re-enter negotiations with the technology giant,” says The Sydney Morning Herald. “The main sticking point continues to be how to divide up the billions of dollars of fee income banks earn from processing payments.” Online credit card applications have risen 20% since the Apple Pay deal was announced.
- Rambus explores five key reasons retailers should have a mobile wallet
- TSB to roll out iris scanning tech
- Wells Fargo wants its ‘Control Tower’ to manage your digital financial life
- Mastercard expands QR payments choice
- Amazon Pay Places lets you pay for real-world shopping using your Amazon info