Apple rumored to partner with major banks to get discounts on mobile wallet payment processing

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After being rumored to be in talks with credit card issuers American Express, MasterCard, and Visa, Apple is now said to be in talks with some of the largest financial institutions to negotiate discounts on payment processing. The iPhone-maker is now speculated to be in talks with American Express, JP Morgan Chase, Citigroup, Capital One, and Bank of America to ink agreements for credit card processing.

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