Tuesday 29 November 2016: Australian Competition and Consumer Commission (ACCC) has issued a draft determination regarding the applications for authorisation lodged by Bendigo and Adelaide Bank, the Commonwealth Bank of Australia, National Australia Bank, and the Westpac Banking Corporation on 26 July 2016.

The ACCC has proposed to deny authorisation for Bendigo and Adelaide Bank, Commonwealth Bank, National Australia Bank and Westpac (the Applicants) and other potential participants to engage in limited collective bargaining and boycott with Apple in relation to Apple Pay.

The Australian Retailers Association (ARA) believes the draft determination by the ACCC will restrict Australian retailers. The ARA will continue to support innovative payment technology on behalf of the retail sector.

“The ARA is excited for the opportunities that mobile wallets can bring to our members and customers, with the potential to make life simpler for customers, and at the same time deepen relationships with merchants,” ARA Executive Director Russell Zimmerman said.

“However, we believe the full potential for mobile payments cannot be fully realised without the opportunity to offer innovative new services across retail, transport and other sectors. These industries are built on open access to Near Field Communications (NFC) technology across all major mobile platforms, including iPhone, without bottlenecks or restrictions on features,” Mr Zimmerman said.

“We made this clear in our supporting submission to the ACCC, and we remain convinced that this is still the case with substantial benefits on offer. We look forward to continuing to support true consumer choice and the innovations this can bring to support both retailers and customers.”

The ACCC will seek submissions in relation to this draft determination before making its final decision.

To view ARA’s full submission to the ACCC please click here.

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For interview opportunities with ARA Executive Director Russell Zimmerman call: The ARA Media Line T: 0439 612 556 E:media@retail.org.au

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $300 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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