Apple down under

Interesting battle brewing in Australia where a consortium of large banks is demanding that Apple open up its limited access to the NFC components on the iPhone in order the level the playing field for other wallets.

Apple is pushing back hard citing security.

As you can imagine the stakes are high and the outcome could have a significant impact world-wide.

Read a great rundown and analysis here: Is the debate over Mobile payments in Australia rotten to the core?

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