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Why Google's new payments system is missing out on the big money that Apple gets (GOOG) Bad news for Google: Unlike Apple, the company won't be able to charge banks a transaction fee when people use its new mobile payments service.  Big banks give Apple a 0.15% cut of each credit-card transaction and half a cent for each debit card purchase when people use Apple Pay, but Google won't get anything when people use Android Pay, The Wall Street Journal's Alistair Barr and Robin Sidel report. Google's missing out on an opportunity to charge fees because Visa and MasterCard recently sta...
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