The Australian Competition and Consumer Commission won’t let banks team up to bargain with Cupertino over Apple Pay fees.
Three of the country’s four major banks applied to negotiate with Apple together, and potentially boycott the wireless payments service if no deal was reached. Now that the banks’ request has been denied by the ACCC, they’ll be forced to work out individual agreements over Apple Pay.
Following yesterday’s report that revealed Australian regulators are preparing to sue Apple over its “misleading” advertising for the new iPad down under, the Cupertino company has begun offering refunds to those customers who feel they’ve been misled.
Well, it seemed like only a matter of time before Apple’s promises of 4G data on its new iPad got the company into trouble. Australia’s competition watchdog is now threatening to sue the Cupertino company over its ‘misleading’ advertising for the new device, which can actually only connect to 4G LTE networks in the U.S.