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Would a $60B purchase of Amex (AXP) make sense for Apple (AAPL) and Apple Pay?

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<p>Apple first introduced its mobile payments solution in 2014 and has been gradually expanding it both domestically (http://9to5mac.com/2016/06/07/new-apple-pay-banks-june/) and internationally since then (http://9to5mac.com/2016/02/17/apple-pay-china-3/), most recently announcing a handful of new features and countries at WWDC this month (http://9to5mac.com/2016/06/13/apple-pay-mac/). What’s interesting to note, however, is that Apple is bringing in just $0.15 per every $100 spent using Apple Pay. Brian Nichols of InvestorPlace (http://investorplace.com/2016/06/acquisition-apple-aapl-stock/#.V2mZh2M0lR5) points out that rate is much lower than the 2 percent to 4 percent rates collected by companies like MasterCard and Visa. The solution suggested by Nichols? Make Apple Pay an actual transactor of payments…</p>
<p> <a href="http://9to5mac.com/2016/06/21/apple-acquire-american-express-to-grow-apple-pay/#more-436478" class="more-link">more…[/url]</p>
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