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    National Australia Bank

    News stories featuring National Australia Bank:

    Australian banks lose fight to gain access to NFC functionality in Apple iPhones

    April 3rd, 2017

    The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More

    Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’

    March 15th, 2017

    Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian… More

    Australian banks drop Apple Pay fee request to focus on iPhone NFC access

    February 13th, 2017

    The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees… More

    Australia’s retailers join the banks in their battle with Apple Pay

    February 10th, 2017

    The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe… More

    Apple Pay boss claims Australians will be ‘happy to switch banks’ for the mobile payments service

    February 10th, 2017

    Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with… More

    Apple accuses Australian banks of Apple Pay transaction fee ‘trojan horse’

    February 6th, 2017

    Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view… More

    ACCC denies authorisation to Australian banks over Apple Pay negotiation

    November 29th, 2016

    The group of Australian banks seeking better negotiation powers over the arrival of third party mobile wallets have been denied authorisation to do so in a draft determination by the Australian Competition and Consumer Commission… More

    R3 investment details take shape

    November 24th, 2016

    Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports. More than 90% of its original 42 bank members have expressed an interest in investing, but Goldman Sachs and Banco Santander, both original participants, are not renewing their memberships, it adds. Morgan Stanley and National Australia Bank meanwhile are also not participating.

    Apple’s NFC restriction hits mobile payments innovation, Australian banks claim

    November 14th, 2016

    The group of Australian banks taking on Apple over access to the NFC technology within iPhone handsets says the restriction is not only preventing the introduction of mobile wallet services across multiple platforms but also… More

    Apple says Australian banks are ‘not interested’ in promoting mobile payments competition

    November 8th, 2016

    Apple is claiming the group of Australian banks pushing for the company to open up access to the NFC technology within its handsets is “not interested in promoting competition in mobile payments” within the country…. More

    Australian banks call Apple’s NFC restriction “completely baseless”

    October 17th, 2016

    Apple’s claim that allowing access to the NFC technology within its iPhones would diminish the security of Apple Pay has been branded “completely baseless” by a group of four Australian banks, who are seeking greater… More

    NAB PayTag NFC stickers introduced

    September 13th, 2016

    National Australia Bank is making its new NFC payments method available to customers this week. NAB PayTag is a sticker “which can be attached to mobile devices to enable contactless payments linked to a customer’s Visa debit card,” NAB says. The bank is also releasing an updated mobile banking app later this year that will allow customers to use newly approved personal Visa credit cards directly through NAB Pay without having to wait for the physical card to arrive in the mail.

    NAB to allow instant use of approved cards through NAB Pay

    September 13th, 2016

    Customers of National Australia Bank (NAB) will soon be able to use the bank’s NAB Pay host card emulation (HCE) based mobile payment app to make purchases via newly approved personal Visa credit cards without… More

    South Korean firms the latest to take action against Apple

    September 13th, 2016

    A group of South Korean financial services providers are following in the footsteps of four Australian banks by preparing to take action against Apple in a bid to pressurise the technology giant into opening up… More

    Apple says NFC access “not open to negotiation with any bank”

    August 31st, 2016

    Apple has made clear that allowing access to the NFC technology within its iPhone is “not open to negotiation with any bank”. More

    ACCC rejects Australian banks’ negotiation bid

    August 22nd, 2016

    The Australian Competition and Consumer Commission (ACCC) has decided not to grant a group of Australian banks interim authorization to “collectively negotiate” with third party mobile wallet providers.  More

    Apple says Australian banks’ plans would “diminish” security

    August 10th, 2016

    Apple is urging the Australian Competition and Consumer Commission to reject a request from a group of the country’s banks to “collectively negotiate” with third party mobile wallet providers over the introduction of mobile payment services. More

    Australian banks seek stronger negotiating powers with third party mobile wallet providers

    July 27th, 2016

    A group of Australian banks have submitted an application to the Australian Competition and Consumer Commission (ACCC), urging for the right to ensure they are able to “collectively negotiate” with third party mobile wallet providers.  More

    NAB uses HCE for instant card replacement

    June 30th, 2016

    Customers of National Australia Bank (NAB) can now use the bank’s NAB Pay host card emulation (HCE) based mobile payment service to have lost or stolen Visa credit cards instantly re-issued to their mobile devices…. More

    NAB Pay signs up 18,000 users since launch

    April 11th, 2016

    More than 18,000 Australians have downloaded National Australia Bank’s NAB Pay host card emulation (HCE) based mobile payment service since it launched in January 2016, with more than 60,000 transactions registered to date. 29% of… More

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