It seems more likely Apple wants leverage over banks to cut exclusive deals in order to sell more devices. The retail banking industry suffers from low consume

It seems more likely Apple wants leverage over banks to cut exclusive deals in order to sell more devices. The retail banking industry suffers from low consumer satisfaction, as it earns the bulk of its profits via fees, personal loans, and mortgages. Apple historically wants no part of that. Competing on margin by mitigating fraud doesn't make sense.