March 26, 2024
Via: Banking DiveThe Justice Department lawsuit against Apple suggests banks have been victims of Apple’s antitrust infractions, noting that fees the banks must pay when consumers use credit cards are “a significant new cost.” “Apple has charged issuing banks 15 basis points […]
May 26, 2023
Via: FinTech FuturesI have followed the company’s trajectory from the earliest Mac models, stood at the front of the queue to get the original iPhone, bought (cough) every one of the watches, bought some AirPods, and happily watch its TV and films. […]
May 5, 2023
Via: FinTech FuturesThe Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% – a rate it claims is more than 10 times the national average. Users can set up and […]
December 12, 2019
Via: Banking TechnologyBecause the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]
Capital and Risk, Credit, Regulations
November 11, 2019
Via: FinextraOn Friday, David Heinemeier Hansson, a prominent technology entrepreneur, complained to his 355,000 Twitter followers that the Apple Card is “such a fucking sexist program” because its “black box algorithm thinks I deserve 20x the credit limit she [his wife] […]
September 10, 2019
Via: Market WatchIt has become obvious that Silicon Valley is going to disrupt the banking business. First, it was the likes of Paypal. Then, Facebook FB, +0.68% with the Libra digital currency. And now it’s Apple AAPL, +0.43% with Apple Card. According […]
Capital and Risk, Credit, Retail Banking
March 27, 2019
Via: Market WatchThe new Apple Card offers only the second-best Apple Pay rewards program of any credit card on the market. The card, unveiled Monday, offers 2% cash back on everything you spend via Apple Pay. But the U.S. Bank “Altitude Reserve […]
March 26, 2024
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