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BurnLearnEarn t1_j20b5k4 wrote

OP read this

https://www.freecodecamp.org/news/how-apple-pay-works-under-the-hood-8c3978238324/amp/

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PleasantAnomaly t1_j25xtt7 wrote

Interesting read

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BurnLearnEarn t1_j267h3n wrote

I think what is more interesting is how they’ve expanded Apple Pay - the iPhone can act as a terminal. So now merchants don’t have to pay for a POS terminal, they can use their Apple device. So it eats into fees earned by banks and other issuers of terminals.

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