09-11-2014, 05:37 AM
And yes, a deal has already been struck.. http://www.cultofmac.com/294015/apple-cu...-payments/
They cut a deal for the transactions being processed as "card present" vs a mail order type of transaction where the vendor never sees the physical card, which usually has a much higher fraud rate, and higher processing fee.
They cut a deal for the transactions being processed as "card present" vs a mail order type of transaction where the vendor never sees the physical card, which usually has a much higher fraud rate, and higher processing fee.