The Telegraph reports that "at least one" of the UK’s biggest banks is "uncomfortable with the amount of personal and financial information Apple wants to collect about its customers."
Apple has been adamant that it is not collecting users' data via Apple Pay, but it seems that the British Banks did not take its word for it and looked at the small print about Job’s Mob was collecting.
The Tame Apple Press seems to think that the British Banks are worried that Apple is going to take over the banking industry, because soon Apple will take over the world you know.
But the reality is that the UK is fairly advanced when it comes to the use of new payment types and is home to 350,000 of Europe’s 1.5 million contactless point of sale terminals. For every compliant terminal in the UK there are also 200 contactless payment cards in use — compared with a ratio of 600:1 in the US.
What will be worrying for Apple is that since the British banks tend to know what they are talking about, EU banks are more likely to listen to them, than Apple marketing.
