@collegeitdept merchants that are CNP have more fraud to the Banks. They also go out of business and leave bank holding the chargebacks.
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Replying to @BrianRoemmele
@BrianRoemmele so technically then if Target gets CP rates. Why not CP rate on their in-app Apple Pay app?1 reply 0 retweets 0 likes -
Replying to @collegeitdept
@collegeitdept ahh! This is the question! Apple is still debating with banks on this. I suspect a biometric Interchange for in-app lowered.1 reply 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele do you think Apple will win this debate/negotiation with the banks. Since technically they're right?2 replies 0 retweets 1 like -
Replying to @collegeitdept
@collegeitdept I think it is 100% certain that Apple will drive a Biometric Interchange and it will be lower. The next year perhaps.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele next year? Apple renegotiates contracts with all the banks each year? Wow1 reply 0 retweets 0 likes -
Replying to @collegeitdept
@collegeitdept well I don't think that it is year to year. I just think that banks need to feel safe about biometrics rates for CNP.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele well. Apple DOES resign their contracts with us each year for iTunes. So it wouldn't be out of the norm for them1 reply 0 retweets 0 likes -
Replying to @collegeitdept
@collegeitdept I hear ya. I think Apple has a 10 year agreement with Banks, perhaps longer. The basis is this is a very long term thing.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele that's good to know. That Apple is taking this seriously2 replies 0 retweets 0 likes
@collegeitdept it is a huge thing long term. Those that think this is 'rounding errors' of income miss too much to tweet about.
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