Commonwealth, Westpac and NAB, together with Bendigo and Adelaide Bank, want the Australian Competition and Consumer Commission to allow them to negotiate as one with Apple for access to Apple Pay.
In other words, to form a cartel.
They also want the ACCC to allow them to collectively boycott Apple, a move Apple describes as "hard core and pernicious".
ANZ broke away from the group and has signed up for Apple Pay, as has American Express, making them the only two companies in Australia to offer the phone-based payment system.
