I think the point behind the Apple Card is to drive NFC payments adoption in the US. Australia has a near complete penetration of NFC while the US does not.
Only time will tell whether we get the Apple Card, but due to the Australian Reserve Bank’s interchange fee cap, we’ll likely not see the same cash back offer if it ever does land here.
It will be interesting to see other markets’ reception of Apple Card and Apple Pay too.
Yes but this is related to the legal basis for the claim, just because there are people who may have committed fraud, doesn’t give the government carte blanche to request any more than they’re legally entitled to obtain.
This is potentially huge news - given that Apple just fought (and won) an antitrust/anti competition lawsuit in Australia in respect of not allowing Australian banks to use this NFC API!
Edit: pulled the trigger on this comment too soon - it appears that the API will only support "reader mode" which is not what the main subject of the litigation was about - the banks wanted a 'total' (for want of a better word) public access API.
Absolutely - and the argument that "Facebook usage is like common law licenses of invitation onto private property" tacitly assumes that Facebook is like private property, and that the moral justification of "my private property, my rules" is correct.
It's intuitive - I'll give you that - but we need to decide amongst ourselves whether this behaviour is something we want to encourage or discourage into the future.
> Microsoft, Intuit and CheckFree announced the OFX standard on 16 January 1997.
> Many banks in the US let customers use personal financial management software to automatically download their bank statements in OFX format, but most Canadian,[2][3][4] United Kingdom and Australian (CBA exports OFX and QIF files) banks do not allow this.
I'm not criticizing - we need to do better! Developers demand JSON!!! :)
Only time will tell whether we get the Apple Card, but due to the Australian Reserve Bank’s interchange fee cap, we’ll likely not see the same cash back offer if it ever does land here.
It will be interesting to see other markets’ reception of Apple Card and Apple Pay too.