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As battle with Apple drags on, Australian banks to drop fees argument & focus on making Apple Pay more open
Apple's long-standing battle with banks in Australia continues today. According to a report from Reuters, the Australian banks plan to shift their argument with Apple towards gaining access to the contactless payment function, rather than haggling over the fees Apple charges for each transaction.
Thus far in the case, Australian banks have primarily stuck with two central points of contention: the fees Apple charges and access to using the Apple Pay function for their own apps. The banks, however, plan to stop negotiating over the fees Apple charges and focus on gaining access to the feature itself.
In a statement, the banks explained that they have narrowed their argument to having access to Apple Pay as it's the more pressing issue.