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Whereas here in Australia you'd be hard pressed to find a place where you can use magstrip. It's tap to pay by default.
by NoPicklez 8y ago
Whereas here in Australia you'd be hard pressed to find a place where you can use magstrip. It's tap to pay by default.
- reaperducer 8y agoI think this is one of the few cases where technology upgrades are easier in Australia. Since there are only 53 banks in Australia, and 14 are owned by the government, it's a lot less complex than other countries. In the United States there are almost 5,000 commercial banks plus another 5,500 credit unions.
- NoPicklez 8y agoI agree, however on the flipside the Apple pay rollout has been a nightmare. Our big 4 banks have been fighting over the implementation of the platform which has led to some our biggest banks simply not implementing it. This is where the Apple card will put additional pressure on our institutions to be more compliant. Given that if my current bank won't allow it, I can easily sign up with Apple card and be on my way