back to article Banks' bid to board iPhones' NFC chips rebuffed

The four Australian banks attempting to use iPhones' near-field communications chips for their own payment services, and not Apple Pay, have all-but failed. Australia's Commonwealth Bank, National Australia Bank and Westpac together control about 70 per cent of the nation's credit card market. Together with minnow The Bendigo …

  1. messele

    Banks + direct access to hardware

    Banks with open access to ANYTHING.

    Good luck with that one Australian Androidateers.

  2. Mage Silver badge

    NFC tech

    The NFC and/or a smartphone is itself a compromise of payment security.

    1. Dave 126 Silver badge

      Re: NFC tech

      A compromise compared to what now, Mage?

  3. Alan Denman

    They ain't dumb Apple you know

    Banks are smarting and users only think NFC is for Apple pay.

    Who needs a dongle anyway.

    1. Dave 126 Silver badge

      Re: They ain't dumb Apple you know

      Banks wanted a much larger percentage of each transaction than Apple charges. Apple was happy enough with a tiny percentage because their motive was to differentiate iPhones from Android et al.

      1. Chris Evans

        Re: They ain't dumb Apple you know

        "Apple was happy enough with a tiny percentage"

        Figures please?

        1. messele

          Re: They ain't dumb Apple you know

          0.15% - there's your figure.

          But that is in the States (15c per $100). The percentage is actually lower in the EU.

          Apple are not in the financial business, they are not in the 'spying on your phone user's every move' business. They are in the 'user convenience to shift hardware' business less anybody need reminding.

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