Australian banks restart Apple Pay negotiations following ANZ's success
A number of Australian banks are said to be renegotiating with Apple over terms for bringing Apple Pay to those institutions, following the success ANZ Bank has seen thanks to the program. ANZ, which signed on with Apple Pay at the end of last month, has seen a surge in the number of credit and debit card applications, which it credits to its deal with Apple.
The Sydney Morning Herald reports:
Australian banks have been historically reticent regarding Apple Pay, with the primary sticking point being the transaction fee split between Apple and the banks. They have also been concerned about Apple coming between them and their customers.
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Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.