> I doubt Apple will make any money off of transactions, can someone prove me wr... | Hacker News

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		mcphage on Sept 12, 2014 \| parent \| context \| favorite \| on: Apple is propping up a fundamentally broken paymen... > 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).

JimmaDaRustla on Sept 12, 2014 [–]

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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