Apple Pay Draws Hundreds of Banks - WSJ - WSJ

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"Hundreds of financial institutions are jumping onto Apple Inc. ’s new mobile-payment system, hoping to keep a tight grip on customers who might otherwise be tempted to switch banks if their current debit and credit cards can’t be used with the newest iPhone.
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The number of new participants helps Apple build on its strong start wading into the payments business. Apple has said that the initial banks that signed up for Apple Pay represent 83% of credit-card purchase volume in the U.S."

Apple Pay Draws Hundreds of Banks - WSJ - WSJ