
Apple to End Credit Card Partnership with Goldman Sachs
While the proposal to end the partnership may have come from Apple, the tech company will benefit the least.
While the proposal to end the partnership may have come from Apple, the tech company will benefit the least.
Meanwhile, Goldman Sachs recently cut back on its ambition to become a major player in consumer banking in the US.
The plan by Apple to launch the series of subscription services for its hardware product is the company’s own way to get a competitive advantage over other rivals in the space.
The new update would enable Apple Card users to directly set up and manage savings in their wallets.
Apple’s job posting for hiring an executive with expertise in cryptocurrency sparks curiosity in the crypto community of whether Apple has started taking baby steps of its larger goals of dabbling into the digital asset ecosystem.
Venmo credit card comes with a QR code unique to the cardholder and features personalized rewards systems based on the user’s spending habits. The Venmo mobile application allows users to control everything, right from the purchases to cashback.
Under the given conditions, Bitcoin continues gaining traction, therefore, Google, Apple, and Facebook need to find new revenue streams.
Google accelerates its work in the FinTech space as newly leaked images show that Google is working on a debit card of its own. Google has reportedly joined hands with CITI bank to handle all the financial infrastructure for its services.
The record holiday-week sales represent a 16% increase from the year-ago period. App Store revenue totaled $386 million on New Year’s Day alone, Apple said.
Apple analyst Ming-Chi Kuo said that the company is likely to roll out 4-6 products with mini LED display technology next year. Apple is actively expanding the range of its offers which makes its stock price grow.
Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.
As Apple Card is now available for all consumers within the United States, Apple promises to keep user data private and not compromise on security. Here’s the basics you should know.
Experts from the payments industry believe that Apple Card launch can boost the company’s Apple Pay digital wallet system which can give tough competition to giants like Venmo, PayPal, and Square Cash.
Apple officially launched its Apple Card payments service to the US customers along with introducing its Daily Cash rewards program and other benefits.
Apple now plans to dive into the showbiz world by launching its Apple TV+ movie and TV subscription service by November to compete with Amazon, Netflix, Disney, and AT&T-owned HBO.