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.
- Calling all payment, card and secure credential technology suppliers
- US survey finds growing support for biometrics as a replacement for passwords and PINs
- Samsung and LG to launch low-end smartphones that support their mobile payment services
- Gemalto agrees to be acquired by Thales
- Rambus forecasts omnichannel tokenization and ‘merchant pay’ as key trends for 2018