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A comment on Apple is propping up a fundamentally broken payments industry. Parent comment

Re:Apple is propping up a fundamentally broken payments indu... by mcphage on Friday September 12, 2014 @01:58PM (#8309403)
> I doubt Apple will make any money off of transactions, can someone prove me wrong?

It was reported by Bloomberg: http://www.bloomberg.com/news/2014-09-10/apple-said-to-reap-... (basically, in exchange for assuming some of the fraud risk).

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Re:Apple is propping up a fundamentally broken payments indu... by JimmaDaRustla on Friday September 12, 2014 @02:04PM (#8309437)
Very interesting! I wonder how they will record a transaction - they said they weren't going to keep any information, but they'll need to keep a ledger somewhere of all transactions that occur on their phones.
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