Apple set to muscle in on banks $9 billion card game

By Shaun Drummond
Updated September 22 2014 - 5:08pm, first published 4:19pm
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP
Banks may have little choice but to put up with Apple Pay. Photo: Getty Images/AFP

Banks and credit unions are in close talks with Visa to work out whether they will have to give up some of their estimated $9 billion in payments revenue to Apple.

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