 Talking Heads Discussion
Sep 4, 2014
Headline: "Apple Said to Negotiate Deep Payments Discounts from Big Banks"" [""Rumors about the deals were first made public by Tom Noyes, a financial technology investor and former head of channels at Citi, and confirmed by Bank Innovation sources. The first thing Apple has done is convince these four FIs to consider transactions from Apple's upcoming payments venture — said to launch with its forthcoming iPhone 6 introduction — as 'card present' transactions, which carry a lower discount rate than 'card not present' transactions, because of lower fraud risk.""] Bank Innovation
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