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Saturday, June 6, 2015

Wall Street Journal- Google Misses Out on Apple Accounts

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Google Misses Out on Apple’s Slice of Mobile Transactions

Credit-card issuers’ standardized security system means a loss of fee revenue 

By   
Google Inc. won’t earn any transaction fees from credit-card issuers for its coming mobile-phone payments service, unlike Apple Inc., because of evolving ground rules for the services.
Credit-card issuers hope the changes pressure Apple to trim or eliminate its fees, say industry executives, highlighting the speed at which the economics are...

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