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A comment on Apple announces Apple Card credit card. Parent comment

Re:Apple announces Apple Card credit card by dpark on Monday March 25, 2019 @02:25PM (#19485223)
Indeed, why would Apple want to eliminate that fee?

But also, how is this rent seeking? Rent seeking is defined as attempting to take a larger share of existing wealth without increasing total wealth. Electronic payment systems absolutely add to total wealth.

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Re:Apple announces Apple Card credit card by weberc2 on Monday March 25, 2019 @02:48PM (#19485494)
I'm not one to cry foul every time a company turns a profit, but this industry seems pretty anticompetitive if it's not outright rent seeking.
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