Apple's new Apple Pay system has the potential to become a huge revenue driver, as the iPhone maker has reportedly reached agreements with its partner banks to take a cut of the revenue earned from so-called "swipe fees" when consumers make purchases through the platform. The exact figures are unknown, but banks expect to see a net revenue increase thanks to the new payment options, according to Bloomberg. Apple is also believed to have negotiated for lower-than-normal...
9/10/14 at 7:24am
- Kasper's Automated Slave