We previously heard that three of the largest banks in Australia has complained to anti trust regulators about Apple’s mobile payment system Apple Pay.
The Australian Competition and Consumer Commission has made an interim ruling against the banks and in favor of Apple.
“However, given the complexity of the issues and the limited time available, the ACCC has decided not to grant interim authorisation at this time,” said ACCC Chairman Rod Sims. “The ACCC requires more time to consult and consider the views of industry, consumers, and other interested parties.”
The final ruling will be released some time in October as it takes around six months for the investigation to take place.
Apple previously said that the banks did not understand how Apple Pay works and that the banks wanted to keep complete control over their customers.
Source Apple InsiderFiled Under: Apple iPhone