Apple has been muscling into consumer payments for years. Banks that once clamored to work with the tech giant are now irritated over the fees they are charged.
Banks rushed to work with the Apple Pay mobile wallet when it debuted in 2014. They have some regrets.
When Apple Pay launched, the tech giant got big banks including JPMorgan Chase & Co., Capital One Financial Corp. and Bank of America Corp. to agree to pay fees that would allow their cardholders to pay by iPhone. But some banks have grown unhappy with the costs, especially after Apple Inc.
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