On-the-spot 2% discount on purchases due to increase TouchID and FaceID security. That’s the ticket.
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Apple Teaming Up With Goldman Sachs for Apple Pay-Branded Credit Card
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Why parter with Goldman Sachs?
They played a vital role in taking down the global economy. They are crooks.
Don't, Apple. Just don't.
They played a vital role in taking down the global economy. They are crooks.
Don't, Apple. Just don't.
Maybe a card that would only work if the iPhone is close enough and unlocked.
Of course, but since the Apple credit card is US only (last I checked anyway), it didn't make sense to mention the status of tap to pay support elsewhere.
That's one survey, without the supporting facts about methodology, etc. (or at least I couldn't find), but the point you are trying to make isn't clear.
I use Square and I accept ApplePay but it still needs a traditional account to deposit the funds into. What I’m hoping for with Apple’s increasing involvement with the financial sector is for ApplePay to be able to carry a balance.
Maybe at first as just a checking account and eventually have an easy way to distribute cash into investments using an API that financial apps can plug into. It’s a huge potential market for the App Store and for Apple who can take a cut.
Not exactly. Sears created Discover Card and processing network and owed the bank that issued the card. Far cry from this, rather common, co-brand arrangement which will be no different from credit cards branded by Costco, Starbucks, Nordstrom, Amazon, Hilton, Delta, you name it. Just about every consumer company these days has their own Visa, MC, or Amex card.
I'm saying that they have 'impulse control' issues, and I don't want to be their next victim. They kill countries for sport. I'd rather not deal with the devil...
I got the Barclay's Apple credit card because of the initial 0% financing deal for my iMac, and they periodically offer new 0% deals to entice future apple purchases like iPhones. I even got a 6-month 0% deal on my Apple TV.
If Goldman replaces whoever is doing the iPhone Upgrade program it could be good. I don't like the idea of having to make a new credit application with new hard credit pull every year, as with the current program. One source financing for all things Apple.
My worry is that the GS card is nothing special and Barclay's drops the only thing that made its card worthwhile, the 0% financing offers. The worst of all worlds.
If Goldman replaces whoever is doing the iPhone Upgrade program it could be good. I don't like the idea of having to make a new credit application with new hard credit pull every year, as with the current program. One source financing for all things Apple.
My worry is that the GS card is nothing special and Barclay's drops the only thing that made its card worthwhile, the 0% financing offers. The worst of all worlds.
I think you make too much of it. It's a credit card -- just like Apple has had since the mid 90s -- but probably will be better promoted and positioned than the current Barclays "Apple Rewards" card. The only real news here is that GS will be issuing it, which is the real news since GS is relatively new in the consumer/retail space.
THIS from creditcards.com
"The Strawhecker Group estimates that 52 percent of merchants today accept chip payments, and only 36 percent have contactless-capable terminals. Even then, only 28 percent of POS terminals are activated to accept contactless cards."
And the 14,000 McDonalds outlets, across the US, are probably a large part of that 28 percent.
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Unashamedly, unapologetically profitable.
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GS is the premier entity in the global power games engaged by the likes of AAPL. The partnership is one of necessity for Tim Cook.
I know right?!
@Macrumors.com you have a decent amount of global members and iphone users here, would be nice to paraphase such articles if it's USA only or ??
I've been a CIBC Apple Pay user right off the hop BUT I really don't understand the need/use/attraction for Apple Pay Cash.
I use it all the time. It allows you to send money to each other instantly. Canadians don’t get Apple Pay cash because they don’t have the Discover Card.
Payments don't happen instantly, the settlement especially crossborder takes days and the costs are insane.
2 billion people in this world don't own a bank account.
Apple is partnering with Sachs due to Ripple, the blockchain company.
That will enable them to actually settle payments within 3 secs with very very low costs.
They are going to eat up marketshare from WU and Moneygram and banks and this step makes perfect sense.
Yeah, don't know much about the Discover Card other than it's as useless a credit card as American Express cards are, in Europe.
