Apple's ambitious new mobile payment initiative, Apple Pay, was announced on Tuesday during the company's iPhone event. Many questions still linger about the service, but information is beginning to trickle out from various sources as retailers, banks, and credit card companies prepare for the service's October launch.
According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over
0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.
https://www.macrumors.com/2014/09/12/more-apple-pay-details/
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