Apple Pay fees vex credit-card issuers

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. introduced its own new credit card in 2019, according to people familiar with the matter.

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