Investing 'absurd' money in compliance: Kovacevich

From NBC News -

Former Wells Fargo CEO, Richard Kovacevich on the level of bank investment on compliance.

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Apple Pay Problems Frustrate iPhone Users

From Gotta Be Mobile -

Apple Pay has been out for several months now, and while the initial hype of the new payment platform has somewhat subsided, problems and issues with the service are still on high alert.

One big issue that many users have been experiencing is that it seems retailers either aren’t training their employees enough on Apple Pay, or stores are just downright ignoring it.

For the most part, though, it mostly seems that some stores aren’t even training their employees properly on how to accept Apple Pay. One Reddit user said he went to Subway and the cashier had no idea how to get an Apple Pay transaction going, saying that the cashier couldn’t figure out how to use it, and “then a QR code appeared on the terminal, but there was no option on my phone to scan it.”

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