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The Australian government is considering requiring Apple to open up its contactless payment technology to more than just its own Apple Pay service.
The Parliamentary Joint Committee on Corporations and Financial Services has heard arguments for and against forcing Apple to open up access to its near-field communication (NFC) interface on iPhone to third-party apps, much like how other interfaces like Bluetooth and the camera can be used by any application.
Major stakeholders like Apple, Google and others are all presenting arguments for consideration.
Although Android supports alternatives, Apple cites security issues with the alternative as a reason why it cannot open up the NFC interface to third parties.
Australia Considers Case for Opening iPhone NFC Chip to Third Party Payment Systems
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Australian court asks if Apple stifles competition with lack of NFC access on iPhone
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Date Time
Committee to examine mobile payment and digital wallet financial services and supply chain financing
The Parliamentary Joint Committee on Corporations and Financial Services will examine cutting edge developments in Australian financial services across three days of hearings next week. On 26 and 27 July, the Committee will mainly consider the nature of commercial relationships and business models operating within the mobile payment and digital wallet financial services ecosystem. On 28 July, the committee will explore supply chain financing. Aspects of supply chain financing will also be examined in days one and two as two witnesses are scheduled to give evidence in relation to both inquiries.