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    Westpac

    News stories featuring Westpac:

    Westpac adds Samsung Pay in Australia

    April 11th, 2017

    Westpac has become the first of Australia’s big four banks to begin supporting Samsung Pay, taking the service to “millions of Westpac Mastercard and Visa debit and credit cardholders” following its launch in the country with support from American Express and Citibank in June 2016. Westpac added support for Android Pay in December 2016 and was one of four banks that were recently denied access to the NFC technology in Apple iPhones by the Australian Competition and Consumer Commission (ACCC).

    Westpac claims ACCC ruling “stifles innovation”

    April 10th, 2017

    The Australian Competition and Consumer Commission’s (ACCC) decision to rule against a group of banks seeking access to the NFC technology within Apple’s iPhones “stifles innovation” from the banks and other players in the market, according to Westpac’s Dave Curran. “Phones are platforms and to say that NFC isn’t open doesn’t make sense to me as a CIO of a bank,” The Australian reports Curran as saying. “It needs to be open so we can innovate on it.”

    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

    Westpac launches payments keyboard for chat apps

    March 22nd, 2017

    Customers of Australian bank Westpac will soon be able to use an innovative replacement for the default keyboard found in social messaging apps such as Facebook Messenger and WhatsApp to make P2P money transfers to friends, family and businesses as well as send cardless cash codes to recipients for ATM withdrawals. 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

    Android Pay launches in Japan with prepaid card provider

    December 13th, 2016

    Google has launched its Android Pay mobile payments platform in Japan in collaboration with prepaid card provider Rakuten Edy, allowing consumers to make payments with their compatible devices at more than 470,000 locations accepting Rakuten… More

    Australian bank offers Android Pay

    December 12th, 2016

    Customers of Australian bank Westpac can now make mobile payments through Android Pay using their Mastercard debit and credit cards. The service is available for those with select Samsung, Sony, LG, HTC, Motorola, Huawei and Pixel smartphones. Android Pay launched in Australia with support from 27 financial institutions in July 2016. Westpac forms part of the group of Australian banks seeking stronger negotiation powers over the entry of third party mobile wallets in the country.

    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

    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

    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

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