Apple Pay, every mention
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every year anyone David Rosenthal 4Ben Gilbert 4
Verbatim, from the transcripts: the passages where Apple Pay comes up
Visa (Audio) · Acquired
- ▶ 3:25:40 David Rosenthal Specifically Apple Pay, right?
- ▶ 3:25:42 Ben Gilbert So on a Apple Pay transaction, I'm pretty sure Apple makes about as much as Visa does, because they stack an extra 15 basis points on top
- ▶ 3:26:21 Ben Gilbert If Apple were to have payment terminals, then they could totally run all of those Apple Pay payments on their own network.
- ▶ 3:26:46 Ben Gilbert But if I were to Apple Pay,
- ▶ 3:27:22 David Rosenthal They just use iPads, and they would have, as part of Apple Pay, they would have Apple Pay for merchant software that would be on the iPads.
- ▶ 3:29:06 David Rosenthal Yep, and Apple Pay and Google Pay along with it are, I think, by, like, many, many, many orders of magnitude the most successful
- ▶ 3:29:28 David Rosenthal I mean, there have been other alternative payment systems over the years, and none of them match, at least domestically in the U.S., Apple and Google Pay.
- ▶ 3:31:43 Ben Gilbert So the way that Apple Pay works is that your card doesn't actually get sent to the merchant, your card number.