Today Apple announced its move into banking with the imminent launch of Apple Card, a primarily virtual card issued by Goldman Sachs in partnership with Mastercard that sits on all Apple devices in the Apple Wallet, but it's expected to be largely used from the iPhone or Apple Watch.
Apple CEO Tim Cook introduces Apple Card during the launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Apple announced its move into banking with the imminent launch of Apple Card, a primarily virtual card issued by Goldman Sachs in partnership with Mastercard, that will sit on all Apple devices in the Apple Wallet but will probably be largely used via the iPhone or Apple Watch.
Apple has always taken an intuitive approach to everything it designs and the Apple Card is no different. The main criticism of credit cards has always been their propensity to encourage users to spend more than they earn so that they can not afford to pay off the balance each month and rack up huge debts. The Apple Card is designed to help users 'lead a healthier financial life.
This should be one of the most secure credit cards on the market, with each Apple Card's unique card number stored in the iPhone's Secure Element security chip used by Apple Pay and all purchases requiring authorization via Apple Face ID or Touch ID and a one-time unique dynamic security code. The way the Secure Element security chip is created, means that Apple has no access to the user's purchasing data.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple unveils new no-fee credit card: The Apple CardApple is trying to develop revenue sources beyond its popular hardware products. For Goldman Sachs, its first credit card would continue a nascent push into consumer financial products.
Read more »
This credit card offers better Apple Pay rewards than the new Apple CardA lesser-known rival pays 50% more.
Read more »
Can Apple Take On Visa And Amex With Its New Credit Card Service Apple Card?Today Apple announced its move into banking with the imminent launch of Apple Card, a primarily virtual card issued by Goldman Sachs in partnership with Mastercard that sits on all Apple devices in the Apple Wallet, but it's expected to be largely used from the iPhone or Apple Watch.
Read more »
Apple unveils new credit card: The Apple Card
Read more »
Goldman Sachs CEO says Apple Card 'completely changes the credit card experience'The Apple product is meant to be simple and transparent, and that ethos meshes with the stated principles of Goldman's consumer finance division.
Read more »
Apple's new Apple Card credit card doesn't have any hidden fees or late-payment chargesThe credit card also touts a rewards program called Daily Cash, where users get 2% cash back when using Apple Pay, and 3% cash back when buying directly from Apple.
Read more »
ANALYSIS: How Apple Card is poised to accelerate Apple's payments businessHere's Business Insider Intelligence's analysis of the Apple Card — Apple's first proprietary card product — revealed at its event on Monday.
Read more »
Apple Just Released New Details About The Apple Card With Goldman SachsApple announced new details about their credit card with Goldman Sachs called the Apple Card. Here are the latest details.
Read more »
Millions Are Being Lost To Apple Pay Fraud—Will Apple Card Come To The Rescue?Fraud perpetrated via Apple Pay might be the biggest yet, with other digital wallets abused too. Apple Card could prevent fraudsters loading up wallets with stolen credit card data.
Read more »