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by jorvi 141 days ago
Something interesting is that Apple and Google Pay charge a tiny commission (don't have the number at hand). Which banks didn't like, so at least on Android they created their own NFC payment stacks for a while. Only to then discover that maintaining such a stack cost them more per year than the commission.
3 comments

My German Bank still maintains their own pay stack. It's also nice that I don't have to share my payment information or commission with another parasite
I think Google Pay does not charge a fee.
Ah yes, back in the Isis days. What terrible luck in the naming department on that one.

https://en.wikipedia.org/wiki/Softcard