. >> tim cook talked about things like opentable anduber as an example and they are writing to the new ios and will pull it 16 digit number off the device. it will be coded to the new api's that apple has. >> does that mean that uber will have my credit card? >> just the digital account number not the card number. >> how long will this work? what about apple bringing in various partners? >> they pulled another itunes here. they transformed an industry. it looks to me like they've the critical mass with the retailers on board, card companies on board, the banks on board. you're going to have everybody was not on board looking to get on board in short order. it accelerates the consumer experience and that's what everybody will want to be a part of. >> breakdown for us who gets a cut of what. as i understand it, apple is getting a cut of bank transactions? are they getting cuts of the card fees? there is no contractual relationship with respect to conduct -- commercial terms and revenue sharing. the banks each have to sign a contract directly with apple that we are not privy to. with resp