Visa

12374.429 - 12400.29 Ben Gilbert

That is just step one in an equation. Here's the really extreme Apple payment bull case. If Apple were to have payment terminals, then they could totally run all of those Apple Pay payments on their own network. As it happens right now, you need to have a... card issued by a bank that likely is issued on Visa or MasterCard or Amex or Discover. And then it goes over those payment rails.