It’s inevitable: competition and past legal strife creates some awkward scenarios. Per The Unofficial Apple Weblog and BankInnovation, PayPal was conspicuously absent from Apple’s list of secured partnerships when Apple Pay was announced in September. Now comes word that PayPal was initially part of Apple’s vision of Apple Pay, but that negotiations fell apart due […]
Tag: Apple Pay
With Apple Pay en route, an assortment of banks are scrambling to be the consumers’ choice as to the default Apple Pay card. “It’s a healthy competition,” JPMorgan Chase marketing chief Kristin Lemkau told the Financial Times. JPMorgan Chase launched Apple Pay-centered marketing campaigns on the same day as the service’s unveiling, and similar campaigns […]
Apple’s apparently got some admirable leverage where its transaction negotiations are concerned. Per the mighty Financial Times, Apple will be garnering 15 cents on every US$100 purchase, more than Google managed for its Google Wallet initiative. Sources familiar with Apple’s banking and credit card arrangements have stated that Apple will get a 0.15 percent cut […]