It looks like Apple will win this fight between Goliaths.
In a case of financial giants versus technology giant, Australia’s consumer watchdog released a draft decision Tuesday indicating it would deny a request from some of Australia’s top banks to negotiate collectively with Apple over mobile payments.
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“While the ACCC accepts that the opportunity for the banks to collectively negotiate and boycott would place them in a better bargaining position with Apple, the benefits are currently uncertain and may be limited,” ACCC Chairman Rod Sims said in a statement. Read more…