[wmeredith]

I'm REALLY curious about this. Will they charge a transaction fee and have it as another revenue stream for them (like iTunes/App store)? Or is it going to be another commoditization of their competitor's/partners products in order to move more hardware (like iMessage). If it's the latter that would be a HUGE deal. I just can't imagine they would be able to resist taking a slice of that $12 billion/day transaction pie, though.

[jumhyn]

The implication from Tim was that Apple was not trying to make money off of this. He said that ApplePay would be successful because competitors tried to turn it into a profitable system for them, instead of focusing on making it work.

[PanMan]

For the online version they seem to work with stripe et.al. And not charge anything.