March 31 (Reuters) - Australian Competition And Consumer Commission-
- ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay
- "ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments"
- "Concerned that the proposed conduct is likely to reduce or distort competition in a number of markets"
- Says banks sought authorisation to bargain with Apple for access to near-field communication (NFC) controller in Iphones, reasonable access terms to App store
Source text: (http://bit.ly/2nB5YZw)
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News: NAB ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay
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