Apple Pay will net Apple a healthy sum from bank fees

[iMore.com]

The newly-announced Apple Pay is reported to be set up to net Apple a healthy fee from banks when it goes live. The system, which is Apple's take on NFC mobile payments and works on the also-newly-announced iPhone 6, iPhone 6 Plus, and Apple Watch, harnesses your credit cards to make quick-and-easy payments on the go. And it should come as no surprise that Apple intends to make some money off of that.

Full story from the iMore Blog...