The full 19-page contract that banks wishing to offer Apple Pay to their cardholders must sign in order to take part has been leaked to Digital Transactions. Among the fees and obligations set out in the contract banks agree to make at least 95% of their network-branded cards available to the wallet, to submit in-depth accounting reports twice a year and to pay a 0.15% commission to Apple. The contract also reveals that fees due to Apple will be collected on the iPhone maker’s behalf by Visa and MasterCard.
- BBVA bank staff to test face recognition for self-serve restaurant orders and payments
- Carriers in Singapore, India, Thailand and the Philippines to link their mobile wallet services
- Huawei to launch mobile payments in 100 countries this year
- Church of England rolls out contactless donations to 16,000 churches, cathedrals and religious sites
- Auchan lets Italian supermarket shoppers scan and pay on their mobile phone