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Google Inc. won't earn any transaction fees from credit-card issuers for its coming mobile-phone payments service, unlike Apple Inc.,because of evolving ground rules for the services.
Credit-card issuers hope the changes pressure Apple to trim or eliminate its fees, say industry executives, highlighting the speed at which the economics are changing in the evolving mobile-payments business.
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Posted by: David Smith <david.smith.14916@gmail.com>
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