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    News in brief

    Apple Pay to get 0.15% transaction fee

    News in brief

    The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

    Filed by Email Sarah Clark Published • Last updated 16 September 2014, 13:29

    • Daniel Angel

      I would say it is entirely with precedent, and the FT would do well to validate such claims before making them. What did happen to checking secondary sources?

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