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​ACCC refuses interim nod for banks’ talks with Apple

( August 19, 2016, 02:15 GMT | Official Statement) -- MLex Summary: The Australian Competition & Consumer Commission has declined to grant interim authorization for a number of banks — Commonwealth Bank of Australia, Westpac Banking Corp, National Australia Bank, and Bendigo and Adelaide Bank — to collectively bargain with and boycott activities with Apple over its e-commerce Apple Pay platform and with other third-party wallet providers. The commission said it needed more time to study the request, which was made on July 26. The regulator said the full authorization process usually took up to six months.  The regulator's statement follows: ...

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