July 16, 2018

Apple, Goldman Sachs partnering to develop a new credit card

12 May 2018, 08:01 | Casey Mitchell

Apple, Goldman Sachs partnering to develop a new credit card

The Goldman Sachs Group Inc. Heffx Trading Review

The Goldman-Apple credit card would be tied to Apple's payment service known as Apple Pay and Apple's co-brand partnership with Barclays would come to an end, the Journal said.

As per the reports of BGR, the card would be having the Apple Pay logo and would launch sometime around 2019. Apple from its end is now offering Barclay interest-free financing on Apple devices, and also grants Apple gift cards with enough paid purchases.

Goldman has been incrementally pushing into consumer banking products.

As The Wall Street Journal reports, Apple now takes a 0.15 percent cut of every Apple Pay transaction, but with its new Goldman Sachs credit card, it would take more than 0.3 percent.

NewRiver (NRR) Received Add Rating from Peel Hunt
OTB is hitting GBX 557 during the last trading session, after increased 2.20%.On the Beach Group plc has volume of 310,764 shares. It has outperformed by 18.62% the S&P500.The move comes after 7 months positive chart setup for the $80.03 billion company.

It would also allow Apple to serve more customers in a greater capacity.

There are hundreds of co-brand partnerships, with brands large and small, and it's an intensely competitive business for credit card companies.

Recently, Amazon, Google, and Samsung made moves to get into the same space as they look to make mobile payments easier for consumers - while, of course, bathing in money.

This is the second time Apple and Goldman have been mentioned together as potential partners.

Here's a leaked render of the Moto Z3 Play
The Z3 Play is expected to measure 156.4 x 76.47 mm, making its dimensions very similar to its previous iterations. The Z2 Play will come with 4GB of RAM , 32GB/64GB of onboard storage and will be backed up by a 3,000mAH battery .

Apple has been winning the hearts of it's invested lately, this can be seen last week when Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first three months of the year, CEO Warren Buffett told CNBC, aggressively ramping up its bets on the iPhone maker.

Goldman Sachs previously acquired a credit card startup, Final. Other credit options available through Apple are at higher interest rates, from 14.9 percent all the way up to 26 percent. Financial terms of the deal were not disclosed. But some users still prefer physical payment methods, which is why Apple is releasing an Apple Pay credit card.

Apple declined to comment on the report, which cited unnamed people close to the matter.

Russian Federation backs off Syrian air defense after Putin-Netanyahu meeting
Syria now relies on a mixture of less advanced Russian-made anti-aircraft systems to defend its air space. Syrian air-defense systems managed to intercept more than half of the missiles.

Other News

Trending Now

Ohtani homers again as Angels top Twins
Andrelton Simmons leads the Twins with 46 hits and 22 RBI while Mike Trout and Justin Upton have combined for 82 hits and 51 RBI. Los Angeles has posted 28.4 Runs + Hits + Errors per game over its last 10 contests and 30.2 over its last five.

Iranians hold nationwide rallies to condemn US breach of contract
Iran's head of state took an apparent shot at President Donald Trump on Friday with a selfie he posted on Instagram. He threatened the regime and the people, saying I'll do this and that.

The Buttler did it as Royals stay alive in IPL
It was a great game of cricket which went to the wire. "We had a high committee meeting and the coach said we should bat first". The Rajasthan players donned the pink jerseys for a noble cause. "We have done fair to ourselves in this tournament", he said.

Ed Sheeran Emerges Highest British Music Earner In 2017
The business founded by Glenn Gordon's great, great grandfather in 1887 is now valued at £2.4 billion. He has sold most of his stake in the business over the years.

How Many Trifast plc (LON:TRI)'s Analysts Are Bearish?
Schroders (LON:SDR) insider Peter Harrison purchased 7 shares of the stock in a transaction on Thursday, May 10th. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0% in Sky plc (LON:SKY).

National Hockey League playoffs 2018: Updated bracket after Capitals beat Penguins
The Capitals have gone 26-21 on the road and they have averaged 2.98 gpg and have allowed 3.15 gpg in those games. Of the four teams left in the hunt for the Stanley Cup, only the Capitals made the playoffs last season.

Giuliani: Stormy Daniels Lawyer Avenatti a 'Pimp'
The company says it plans to reorganize itself: Its legislative affairs office will now report to its general counsel's office. In April, the Federal Bureau of Investigation seized boxes of information from Cohen's office, home and hotel room in a raid.

Do Prince William & Kate Middleton Want Baby #4 After Welcoming Prince Louis?
But that hasn't stopped the young royal from embracing the family's sweet new addition! "She won't leave baby Louis" side". In those pictures, the princess is seen being cradled by her older brother at Anmer Hall - their home in Norfolk.

Judgement reserved: Ian Nielsen remains acting mayor of Cape Town
The DA is, however, not interested in a long, drawn out, and unnecessary legal battle with Ms De Lille. Mpofu quoted DA Federal Executive chairman James Selfe to make his argument.

Trump Greets 3 Americans Freed by North Korea
President Donald Trump emphasized that he and his counterpart "will both try to make it a very special moment for world peace". Singapore has had diplomatic relations with Pyongyang since 1975, hosts a North Korean embassy, and has close ties to China.