Apple and Goldman Sachs expect next year to issue a credit card

Apple и Goldman Sachs планируют в следующем году выпустить кредитную карту

According to the report, Apple could see a bounty for each new customer who takes up a credit card. The two companies are still formulating the product, the person said.

Barclays offers cardholders three points for every dollar spent on Apple products, two points per dollar spent at restaurants and one point per dollar spent on all other purchases.

A credit card would allow devoted iPhone customers to use Apple pay when purchasing items from a place that does not yet accept contactless or digital payment.

Apple now offers a credit card in partnership with Barclays, and the report stated that Apple chose not to collect the bounty and instead used the money for the interest-free financing of devices.

More news: MS Dhoni Offers Scathing Evaluation Of CSK'Reduce To Rajasthan Royals

Apple is a huge and iconic brand, and it would be a symbolic success for Goldman as it enters the consumer credit card market, industry experts claim.

If the card, which marks the first major diversification of the Apple Pay brand beyond mobile, is a hit, it could help galvanize the wallet's lagging adoption. Apple is now more focused on App Store sales, streaming-music subscriptions, and mobile payments. On the other side, Apple is aiming to attract its customers towards Apple Pay. By branding a credit card with Apple Pay, Apple is bringing its mobile payments brand to hard plastic - the most popular USA payment method - which could ultimately grow awareness of the wallet. But some users still prefer physical payment methods, which is why Apple is releasing an Apple Pay credit card. Apple Pay Vice President Jennifer Bailey said that the Apple Pay service is available in 50% of retail stores in the U.S. The move could increase brand recognition for Apple Pay.

As per the reports of BGR, the card would be having the Apple Pay logo and would launch sometime around 2019. The older card offered the Apple users reward program and financial deals through Barclaycard Apple Reward Visa. Currently, however, details regarding the new credit card remain unknown.

Related News:

  • North Korea 'taking measures' to dismantle nuclear site

    North Korea 'taking measures' to dismantle nuclear site

    The display at Punggye-ri, in the northwest of the country, will be another step in leader Kim Jong Un's charm offensive. North Korea has invited the outside world to witness the dismantling of its nuclear facilities before.
    GameStop CEO Steps Down

    GameStop CEO Steps Down

    Michael Mauler is out as CEO of GameStop after just three months on the job, the video game retailer announced Friday. It's a little weird that it's happened so abruptly, but there's been an interim CEO appointed in his place.
    Los Angeles Angels vs. Minnesota Twins

    Los Angeles Angels vs. Minnesota Twins

    BC-BBA-Twins-Angels, 422 Rosario homers twice, Twins rally in ninth, beat Angels 5-4AP Photo ANS114, ANS109, ANS111Eds: APNewsNow. He posting another quality outing, tossing 6 ⅔ innings of three-run ball, while striking out eight batters on the night.
  • Both sides of the Patricia de Lille divide protest outside court

    Both sides of the Patricia de Lille divide protest outside court

    De Lille argues that the cessation clause was invoked as an excuse by a party ready to try any means to get rid of her.
    Paris Saint-Germain star Neymar drops huge hint over Real Madrid transfer

    Paris Saint-Germain star Neymar drops huge hint over Real Madrid transfer

    Good players are always compatible. 'I remember one year they said I wasn't compatible to play with Djorkaeff. It is now Neymar's father's dream to see his son play alongside Cristiano Ronaldo and win the Ballon D'or.
    Zidane sidesteps talk of Neymar Real move

    Zidane sidesteps talk of Neymar Real move

    Only a goal-line intervention by Blancos defender Jesus Vallejo stopped Miguel Layun from making it 2-0 in the 42nd minute. The respite was only temporary, however, as the Mexican came back to score in the final seconds of the first half.
  • Google

    Google "Tour Creator" allows you to design professional quality VR content

    You can go to g.co/tourcreator to start building your very own virtual tour, maybe of your neighborhood or your community. Both teachers and students have told us that they'd love to have a way to also share their own experiences in VR.
    Kensington Palace: From 'aunt heap' to young royal hangout

    Kensington Palace: From 'aunt heap' to young royal hangout

    The Duke and Duchess Of Cambridge reportedly aren't ruling out having another little prince or princess after Prince Louis . An insider has revealed that the Cambridges held on to Prince George's things for his younger sister Princess Charlotte .
    Factory output growth slips to five-month low

    Factory output growth slips to five-month low

    The electricity generation output rose at moderated pace of 5.3% and mining output growth eased to 2.3% in April-March FY2018. An interesting takeaway is that the monthly pattern is broadly reflective of the full year production.
  • Jinnah portrait row: AMU students urge President Ram Nath Kovind to intervene

    Jinnah portrait row: AMU students urge President Ram Nath Kovind to intervene

    A general body meeting of the students' union was held on Friday, said AMUSU president Mashkoor Usmani. It seems the controversy over a portrait of Muhammad Ali Jinnah refuses to die down.
    It stays on the field - Noble calms Pogba pitch spat

    It stays on the field - Noble calms Pogba pitch spat

    Manchester United players are "petrified" of Jose Mourinho and would not care if they were sold this summer, Paul Merson has said. We will see what happens'. "You could argue we had the best January because we made a good profit and still stayed up".
    Iran's Supreme Leader posts Instagram pic reading 'Fire and Fury'

    Iran's Supreme Leader posts Instagram pic reading 'Fire and Fury'

    Six Iranians and three companies were targeted in the first wave of USA penalties since Mr Trump announced on Tuesday that... According to The Washington Post , Khamenei also talked about the letter during a speech at Farhangian University in Tehran.


Most liked

Trump thanks Singapore PM for hosting US-N Korea summit
The U.S. managed to have several Americans who had been imprisoned in North Korea returned on Wednesday. Government officials confirmed ten Americans were released from North Korea during his administration.

How Analysts Feel About Volution Group plc (LON:FAN)?
Out of 2 Wall Street analysts rating Select Income REIT, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Manitoba - Canada-based Great West Life Assurance Can has invested 0.02% in Arrow Global Group PLC (LON:ARW).

Thiem snaps Nadal's streak, cruises in quarterfinals at Madrid
He is likely to face Thiem again in the quarter-final of the final ATP Masters 1000 tournament on the red dirt, starting May 14. But the remarkable streak was brought to an end by Thiem, who refused to let the momentum slip after winning the first set 7-5.

'The Voice' Reveals Season 15 Coaches: Here's Who's Joining Jennifer Hudson
Clarkson and Hudson will compete against Maroon 5 lead singer Adam Levine and country music superstar Blake Shelton . The Top 8 artists will perform live in front of their coaches, which will also feature "Special Duet Blends".

Houthi rebels in Yemen fire missiles at Saudi capital
Houthis have been controlling much of Yemen's north by force, including the capital Sanaa since 2014. Saudi Arabia is hoping to enlist USA support for a domestic nuclear energy programme.

Ireland bowl in inaugural Test against Pakistan
Cricket Ireland is set to lose around £65,000 after their first day of Test cricket was abandoned without a ball bowled. Pakistan team is in good form as it won the tour match against Northamptonshire with 9 wickets.

UPbit Exchange Raided, Crypto Markets Reel
Late this week, regulators raided Upbit, the country's largest crypto exchange, on suspicion of fraud. Original complainants were offered as much as 1 million won (approximately $900 US dollars).

AT&T says hiring Trump attorney Michael Cohen was a 'serious misjudgment'
Attorney for the Southern District of NY , which is the office now investigating Cohen's business dealings. "Novartis paid Mr. The payment was the first known activity involving Essentials Consulting, a shell company incorporated in DE by Cohen.

PUBG's new event mode is a deathmatch called 'Desert Knights'
PUBG Corp. announced the news in a Steam blog post , but strangely did not share it on Twitter or though other social channels. Developer PUBG Corp. notes the SLR is more powerful than the SKS, but also comes with more recoil.

Microsoft Reportedly Developing New Smart Speaker
This may not seem like a powerful chip but a smart speaker doesn't need good processing power as everything is done in the cloud. A smart speaker can play heavenly music, but if the virtual assistant is not in the top two, sales will fall behind.

NRA sues Cuomo over what it calls blacklisting campaign
"I am proud of my "F" rating from the NRA, and I will continue to do everything I can to keep New Yorkers safe". On May 2, Lockton Cos. "The Department will not stand down from its mandate to enforce NY law".

Moto Z3 Play render reveals device in Deep Indigo shades
What we also notice in the leak is a new Indigo colour variant being revealed, which would make the Moto Z3 Play stand out. Having already been arrived by FCC in the U.S. , the Moto Z3 Play seems like just days away from a launch.

Aishwarya Debuts On Insta-gram, Abhishek 'Verifies' Account Using A Comment
The first post is a throwback photo of her with Aaradhya when she was born and it was taken by Abhishek Bachchan . The actor who is a private person despite her career choice made a decision to stay away despite the entreaties.

Governor proposes $138 billion California budget
He noted, "Revenues have grown since January but so have expenditures". "We're already over-extended", Brown told reporters. State universities also want a piece of the surplus, not to mention a list of new courthouse projects waiting to be funded.

U.S. fighter jets intercept Russian bombers in Alaska
The Russian aircraft were monitored by the F-22s until the bombers left the ADIZ along the Aleutian Islands. The final time Russian bombers flew as near Alaska was Could 3, 2017, officers advised Fox Information.