ANZ and Amex the winners in Australia's banks' fight with Apple over payment apps
- Written by David Glance, Director of UWA Centre for Software Practice, University of Western Australia

Australia’s banks have always enjoyed a lucrative income from credit card “interchange fees”, the charges that the banks levy on merchants’ sales. These fees amount to AU $2.5 billion a year which are ultimately passed on to consumers.
Unwilling to share any of this revenue with Apple, all but ANZ and...