Payments Cards & Mobile – 9/5/14: Ahead of the launch of the iPhone 6 next week, tech giant Apple has reportedly negotiated deals with several US issuers to give Apple back a portion of card-present interchange fees, around 15 to 25 basis points, on each transaction. The issuers have also agreed to extend card-present rates to Apple for all transactions involving their cards with Apple’s new mobile payments scheme.

Click here to read more: http://www.paymentscardsandmobile.com/apple-agrees-interchange-fee-rebates-m-payments

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