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.
- From the high street to the handset: How banks can stay connected to consumers in the smartphone era
- British Airways owner IAG launches mobile pay on new airline Level
- Heat become first NBA team with mobile-only entry
- What code is running on Apple’s Secure Enclave security chip? Now we have a decryption key…
- Digital payment platforms primed to topple cash