When you plunk down the Apple Card to split a bill, it makes a satisfying clank. The snow-white card with its silver trimmings is impossible to ignore — partly because few cards are white, and partly because of that clanking noise. One of your friends will probably pick it up, turn it in their hands and say, “Yeah, that’s a metal card alright” before reaching into their wallet to compare it with another metal credit card. This will inevitably devolve into a discussion about the Apple Card’s benefits, and whether it’s worth applying. As an Apple Card owner, all eyes at the table will divert to you, and you’ll be expected to give a verdict.
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Apple has confirmed the Apple Card will begin rolling out in the U.S. next month.
The card, first announced back in March 2019, promises to eliminate fees, charge less interest and offer enhanced security and privacy protection.
Unfortunately, Australians will have to wait awhile to get their hands on it.
Laundry days are the worst. Not because I hate doing laundry—I love warm, fluffy, clean clothes—but because I need cold hard cash to use the machines at my local 24-hour laundromat. Legitimately, I’ve sat here for 20 minutes trying to think of anything besides laundry that I regularly use greenbacks for. I got nada.
Apple's relationship with Australia's banks has always been fraught. One of Australia's largest, Westpac, has been dealt a further blow -- with Apple ordering it to remove the ability for Westpac customers to send cash using an innovative keyboard app.
While Bendigo and Adelaide Bank, Commonwealth Bank of Australia, National Australia Bank, and Westpac have been pushing for the Australian Competition and Consumer Commission (ACCC) to allow the banks to negotiate as a group for access to Apple Pay, and now just the Near Field Communication (NFC) function on iPhones, Macquarie Bank and ING Direct customers will now have access to Apple Pay.
Bendigo and Adelaide Bank, Commonwealth Bank of Australia, National Australia Bank, and Westpac are attempting to gain permission from the Australian Competition and Consumer Commission (ACCC) to negotiate as a group for access to Apple Pay and the Near Field Communication (NFC) function on iPhones.
No, scratch that - they'd just be happy with the NFC, actually.
For over a year, Australia's largest banks have been engaged in a quiet war with Apple. Their goal is to force the world's largest technology company to open access to the iPhone's NFC chip and allow collective bargaining over Apple Pay. Apple is fighting back, of course, and the next few weeks and months will determine the future of mobile payments in Australia.
Four million more Aussies will be able to use their banks' credit cards on Apple Pay soon, with credit card processing giant Cuscal signing off a deal with Apple that sees Credit Union Australia, Police Bank, Bank Australia and dozens of other banks and credit unions added to the contactless payment app for iPhone and Apple Watch.
Commonwealth Bank, Westpac, NAB and Bendigo and Adelaide Bank have suffered a minor setback in their journey to jointly negotiate with Apple to bargain down the mobile giant's payment fees -- or collectively boycott the service if they don't get the result they want -- with ACCC withholding an interim authorisation for the coalition to go ahead with the process.
Bendigo and Adelaide Bank, the Commonwealth Bank of Australia, National Australia Bank and Westpac have lodged an application with the Australian Competition and Consumer Commission (ACCC) for the green light to have joint negotiations with providers of third-party mobile wallets, such as Apple Pay, Samsung Pay and Android Pay.
Do you use your credit card or your phone to pay for your morning coffee, or are you still holding on to that pocketful of coins? Sydney-based coffee roastery and cafe chain Pablo & Rusty's is opening Australia's first cashless cafe in Brisbane, ditching the notes and coins in favour of credit cards, phone-based payments and even smart coffee cups.