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Apple cuts a big break with banks for mobile payments

The five largest banks in the U.S. have reportedly struck a special deal with Apple for its upcoming mobile payment platform. According to Bank Innovation, Apple has managed to negotiate a lower transaction fee with American Express, JP Morgan Chase,<span class="ellipsis">…</span><div class="read-more">Read more › (http://www.cultofmac.com/294015/apple-cuts-big-break-banks-mobile-payments/)</div><!-- end of .read-more --><img width='1' height='1' src='http://cultofmac.com.feedsportal.com/c/33797/f/606249/s/3e275e8c/sc/30/mf.gif' border='0'/><br clear='all'/>

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Source: Apple cuts a big break with banks for mobile payments (http://feedproxy.google.com/~r/cultofmac/bFow/~3/krcs8BpIjy4/story01.htm)