In reply to PaymentsPros.

It has been reported that Apple will be collecting 0.015% of the value of the transaction—from someone. The acquiring banks set the discount rate for a given merchant; both acquirers and issuers share that discounted fee; ultimately the acquirer or possibly the merchant carries responsibility for any card fraud. So, do tell me why issuers, specifically, would pay to have their cards loaded onto this limited system when all cards can be loaded onto the new generic "MasterPass" and "Visa Checkout" mobile/online services for zero cost? I'm aware of only press speculation about Apple’s fee; do you have any reliable citations for your claim that issuers, specifically, are paying?