1/2 Spent sometime this week w/ an Overseas bank's Cards & Digital team not enthused w/ 15bps fee of Apple Pay. Near half of bank's take.
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Replying to @cherian_abraham
@cherian_abraham Plus fact that Google isn't asking for 15bps.. Talk about downward pressure.3 replies 0 retweets 2 likes -
Replying to @noyesclt
@noyesclt@cherian_abraham Gentlemen, I can say with 100% certainty that each region#ApplePay interchange % based on local rates. Not 15bps1 reply 1 retweet 2 likes -
Replying to @BrianRoemmele
@BrianRoemmele@noyesclt So then, will the fraud protection offered be sub-par, Brian? ;) Seriously, even at 7-8bps, still a bitter pill.3 replies 0 retweets 1 like -
Replying to @cherian_abraham
@cherian_abraham@noyesclt Cherian, last week talked to 8 bankers wanting advice to be first to adopt#ApplePay in their regions.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@noyesclt Don't doubt that. Just like Politics, these decisions are highly local.1 reply 0 retweets 1 like
@cherian_abraham @noyesclt Cherian, exactly. I would assert the China Apple Pay negotiation was a huge lesson for all. Many surprises.
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