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Australian Banks Denied Request to Negotiate Over Apple Pay

dave2010 said:
Using a fingerprint on your phone to secure a piddling $100 or so is overkill. The existing contactless system that is very commonly used now is fine.
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$100 may be "piddling" to you, but $100 is a lot for some people so being able to secure these transactions is essential.

Also, Apple is the type of company that would pull their goods and services out of a country if forced as an alternative to making changes to their services that compromise the security of those services.

Finally, as other posters pointed out, Apple spent money to develop the software and security that makes up the Apple Pay service, so it doesn't seem unreasonable to me that they want to charge a fee for the use of that service.

These Australian banks aren't being treated any differently than any other banks around the world.
 
RedOrchestra said:
Nothing more than ANZ PR spin ... hard to quantify by outside sources ... did the supposed newcomers just sign up with a $50 savings account to get access to Apple Pay OR did they move their entire account over i.e. mortgages, lines of credit, etc?

ANZ won't earn many fees from those McDonald's purchases.
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I moved my entire accounts from NAB to ANZ...everyday account, savings, mortgage and a Platinum Amex/ Visa (you get 2 cards linked to the one account, with higher rewards for using the Amex). As a household, we run $8k of transactions through our credit card and clear the balance monthly.

I did this when it became apparent that NAB was not going to support ApplePay. I find it insulting that these banks clubbed together to work as a cartel against another company. It's like walking into a pub and setting out a stall selling your own liquor...and then complaining that you should be allowed to use the pub to sell your stuff without paying the landlord any fees.
 
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Regulators once again interfering with business when they shouldn't. Wash, rinse, and repeat.
 
MacRumors said:


ANZ is the only bank in Australia's "Big Four" that played no part in the original joint application and has agreed to allow its cards to be used via Apple Pay.

ANZ reportedly gave up some of its interchange fee to Apple as part of the deal, but the other big banks appear unwilling to forfeit the millions of dollars they would have earned through the fees.
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So the free market is working?

Banks are free to get into Apple Pay, banks are also free to stay out of Apple Pay.

ANZ is likely going to make crazy customer gains on this alone, and good for them for deciding investing in Apple Pay is worth it.

Just because you don't want to spend money to make money, doesn't mean you should be able to get the government to screw Apple.
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mrmini78 said:
Well in Australia we already have "tap & go" virtually at every store, I have been using Apple Pay since ANZ adopted it and I am yet to find a store where I cannot use it at. I even use it through drive thru (Macdonalds, KFC, Hungry Jacks etc). Even small stores who have portable eft terminals support it due to my ANZ card that is linked to Apple Pay being a Visa Debit card
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Similar to Canada.

We have had contactless for years, and anywhere you can use your contactless card, Apple Pay works as well.

One fellow made a comment about limits on "tap", that's store dependent. When I worked for Apple, our tap limit was $500 in store, but the 7-11 down the road was only $50 and the gas station was $100.
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Lion007s said:
Sign the petition to make Australian banks join ApplePay and also AndroidPay/SamsungPay. Apple barely charges in the UK just so the banks hop on ApplePay (Much less than the USA) so the same could be done in Australia. AndroidPay/SamsungPay don't even charge a fee yet the major banks haven't hopped on board. ANZ is the only major bank to hop on board both.

https://www.change.org/p/commonwealth-bank-bring-applepay-androidpay-samsungpay-to-commbank-others
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You know what the best petition is?
Switch to ANZ.
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oldmacs said:
Well you can go ahead with that, I can hope that Apple grants access to the NFC chip so I can use the app my bank uses to make payments.
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Why the hell would you want to open an app to pay?

Switch to a bank with Apple Pay. I got an AMEX when Canada first got Apple Pay and my normal credit card couldn't use it. Since AMEX won so much business on that, all of Canada's large banks signed up.

Right now, I don't have to open an app, I either quickly tap the side of my watch, or double tap my home button and I'm ready to pay.

Having to open my phone, find my bank app, then tap it would make it way easier for me just to tap my physical wallet against the terminal.
 
mfvisuals said:
$100 may be "piddling" to you, but $100 is a lot for some people so being able to secure these transactions is essential.
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The customer would never have to pay for fraud using a card. What I'm saying is the bank (and it's insurance) pays for the tiny incidences of fraud that may occur. Hence, contactless payment is accepted everywhere in Australia, used by everyone, and fingerprint security isn't needed. The only problem is you need to carry a plastic card with you, other than that, the Apple solution doesn't offer anything better than the banks.
 
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Botts85 said:
Since AMEX won so much business on that, all of Canada's large banks signed up.
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Could you post us to a link showing CC user numbers - AMEX is such a blip, at best. Hell you're hard-pressed to find any business who accepts it period, in Europe.
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dave2010 said:
The only problem is you need to carry a plastic card with you
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You're going to have to carry that plastic card for quite awhile. We stayed at a Westin last week and they need the card to swipe a $!,500 hold against the room billing. Hotels restaurants (other than the fast-food variety), and others will be a long ways off going to Apple Pay.
 
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I wish the other 3 banks stop squabbling over a few cents per transaction on Apple Pay and just embrace the technology and maybe, just maybe, they'll gain more customers like ANZ have since they introduced Apple Pay.
 
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I'm with Apple on this.

They demand control over something they neither fully understand now now agree to take responsibility over, in case of misuse.
 
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Botts85 said:
Why the hell would you want to open an app to pay?
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Why the hell would you have to? :)

With normal open NFC on most OSes, you can register an app to automatically open when a corresponding App ID shows up at the NFC chip. (App IDs are things like Visa, Oyster ticket, etc.)

In other words, done correctly, you would be able to set your bank's wallet app to open when it sees a Mastercard transaction starting. It can then do the passcode / fingerprint / iris scan / voice print / nothing authentication as it sees fit... just like the Apple Pay app does.
 
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RedOrchestra said:
Could you post us to a link showing CC user numbers - AMEX is such a blip, at best. Hell you're hard-pressed to find any business who accepts it period, in Europe.
[doublepost=1471641099][/doublepost]


You're going to have to carry that plastic card for quite awhile. We stayed at a Westin last week and they need the card to swipe a $!,500 hold against the room billing. Hotels restaurants (other than the fast-food variety), and others will be a long ways off going to Apple Pay.
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I've stopped carrying plastic cards sine about May this year. Only place that was a problem was a cheap bakery.
 
Botts85 said:
So the free market is working?

Banks are free to get into Apple Pay, banks are also free to stay out of Apple Pay.

ANZ is likely going to make crazy customer gains on this alone, and good for them for deciding investing in Apple Pay is worth it.

Just because you don't want to spend money to make money, doesn't mean you should be able to get the government to screw Apple.
[doublepost=1471639247][/doublepost]
Similar to Canada.

We have had contactless for years, and anywhere you can use your contactless card, Apple Pay works as well.

One fellow made a comment about limits on "tap", that's store dependent. When I worked for Apple, our tap limit was $500 in store, but the 7-11 down the road was only $50 and the gas station was $100.
[doublepost=1471639352][/doublepost]
You know what the best petition is?
Switch to ANZ.
[doublepost=1471639591][/doublepost]
Why the hell would you want to open an app to pay?

Switch to a bank with Apple Pay. I got an AMEX when Canada first got Apple Pay and my normal credit card couldn't use it. Since AMEX won so much business on that, all of Canada's large banks signed up.

Right now, I don't have to open an app, I either quickly tap the side of my watch, or double tap my home button and I'm ready to pay.

Having to open my phone, find my bank app, then tap it would make it way easier for me just to tap my physical wallet against the terminal.
Click to expand...

Because currently my bank is not going to sign up for Apple Pay and I can'5 say I blame them. I usually have my bank app open when i'm paying to make a transfer to my access account anyway
 
As an born and bred Australian, and Apple customer, I want ApplePay to be here just as much as the next person. However, probably sadly for Apple, we don't NEED ApplePay as much as USA. As mentioned many times before, we already have tap and go payment systems in place for many years.

Would it be nice to have an additional form of way to pay? Absolutely. Is it missed or needed as much as other countries? No.

In this thread people are talking about insurance/fraud/lost cards etc. For all intents and purposes, it's a non issue here. Limit is 100 dollars without pin and you're covered by insurance anyway.

I just want it because I like options. But I'm certainly not as envious as other countries who have ApplePay as we've basically had the same concept for many years already. I want a deal to be struck between the banks and Apple, but I suspect Apple has to fold on this one and offer a cheaper rate for their cut because the infrastructure is already in place, developed and invested by the banks already. Apple is just piggybacking off it.
 
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wolfie said:
As an born and bred Australian, and Apple customer, I want ApplePay to be here just as much as the next person. However, probably sadly for Apple, we don't NEED ApplePay as much as USA. As mentioned many times before, we already have tap and go payment systems in place for many years.

Would it be nice to have an additional form of way to pay? Absolutely. Is it missed or needed as much as other countries? No.

In this thread people are talking about insurance/fraud/lost cards etc. For all intents and purposes, it's a non issue here. Limit is 100 dollars without pin and you're covered by insurance anyway.

I just want it because I like options. But I'm certainly not as envious as other countries who have ApplePay as we've basically had the same concept for many years already. I want a deal to be struck between the banks and Apple, but I suspect Apple has to fold on this one and offer a cheaper rate for their cut because the infrastructure is already in place, developed and invested by the banks already. Apple is just piggybacking off it.
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I would like the option of carrying just a phone though. Wallets are so 2015 :D And that stupid stick on card by Commbank I discarded years ago when I realized that any phone case I have wouldn't fit correctly because of it. Also the $100 limit for tap and pay was irritating considering Apple Pay has no limit. So yes it would be nice if it was implemented but someone has to budge and it doesn't look like they're going to in a hurry. In the us the consumer loses out as per ususal. I'm use to getting shafted in Australia, nothing new.
 
tmiw said:
Who's to say that Australia doesn't have the upgraded terminals already? I mean, they have had mobile pay on Android for a bit.
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Maybe they do, I'm in Canada and we've had contactless pay for years and the limit is the same. Merchants may offer different contactless pay limits for customers who have their loyalty credit cards otherwise it's the same.
 
RedOrchestra said:
Really ... you might want to revisit that thought ... Apple Pay currently has THE same limits as contactless pay credit cards ... the limit is merchant determined.
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Dude I have an AMEX card with no limit. I bought my TV with Apple Pay
 
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KmanOz said:
I would like the option of carrying just a phone though. Wallets are so 2015
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And you can do that. Plenty already do. Get a case with a slot for a credit card/savings card/Opal card and your done.

Secondly, I argue having to use TouchID for EVERY purchase a pain. Currently just tap....and go... Putting in a 4 pin on those items over 100 to be more acceptable as I don't do that every day. It takes seconds.

I'm all for ApplePay but I don't think it's the messiah people make it out to be for payment.
 
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