A group of Australian banks is requesting access to the NFC (near field communication) technology used by Apple Pay in order to enable contactless payments at ATMs and other point-of-sale locations. Bendigo and Adelaide Bank, Commonwealth Bank of Australia, National Australia Bank and Westpac Bank began their campaign to encourage Apple to open access to the NFC technology within its handsets in July 2016. Bendigo and Adelaide Bank, National Australia Bank, the Commonwealth Bank of Australia and Westpac Bank have submitted their proposal to the Australian Competition and Consumer Commission, stating that mobile wallet providers aside from Apple are locked out of the payment infrastructure. According to the banks, Australia has the world’s highest adoption of contactless NFC card payment.
A group of Australian banks is requesting access to the NFC (near field communication) technology used by Apple Pay in order to enable contactless payments at ATMs and other point-of-sale locations. Bendigo and Adelaide Bank, National Australia Bank, the Commonwealth Bank of Australia and Westpac Bank have submitted their proposal to the Australian Competition and Consumer Commission, stating that mobile wallet providers aside from Apple are locked out of the payment infrastructure. According to the banks, Australia has the world’s highest adoption of contactless NFC card payment.