WBC westpac banking corporation

News: WBC ACCC continues review of banks application for authorisation to bargain with Apple

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    Aug 19 (Reuters) Australian competition and consumer commission:

    • ACCC says banks wish to engage in collective negotiation and boycott activities with Apple in relation to its e-Commerce Apple pay platform
    • ACCC says continuing to assess applications for authorisation by Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank and Bendigo and Adelaide Bank
    • ACCC says the accc has considered interim authorisation within a short timeframe at the request of the applicants
    • Australian competition and consumer commission says expect to release a draft decision in October 2016
    • Source text (http://bit.ly/2bFNfZK)
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