Visa offered Apple to hand over $ 100 million to capture the payment processing for a credit card replacing MasterCard. The proposal is in the process of replacing Apple, Goldman Sachs, because after leaving the company’s consumer lending, it comes as a bank bank.
The offer was reported on Tuesday Wall Street JournalAmerican Express is among others trying to win the deal; MasterCard is trying to protect the case. Credit card processors like Visa and MasterCard, the transactions between the customer and retailer, pass through a small interruption of each operation. Visa earlier Costcon to be a payment processor for a credit card.
Apple presented the credit card as a way to increase its loyalty back to 2019 and create a new income flow. This is reducing the high-productive savings accounts by cutting the operation fee and reduced by a lot of profits from Goldman. Goldman, Apple offers clients with low credit scores, said that the money decided to end the bleeding of money because it demanded something that apples required. You can also receive annual payments for the Apple card, many premium credit cards are coming these days. Goldman was hopeless to get out of the consumer lending during the pandemic and Apple essentially fled the bank.
Yet, Wsj Apple Card says that customers can carry $ 20 billion residue, saying it can be able to take it better than Goldman, says it can be able to take it better.
Finance companies decided to control the collection of more payments, Apple is concerned that they can remove them from work; Apple loves to traditionally handle each side of your products:
But there is a bigger picture with apple. The Tech giant becomes an epicenter of daily payments and other financial habits of consumers. For many years, large banks and networks were cautious from Apple’s ambitions and developed frenemia relations, taking steps to prepare a technological giant More ways in the consumer financeWhen trying to be close to apple.
The network, which locks this deal, is waiting for Apple to be close to future payments.
Last year was shot in Apple and Goldman late $ 89 million fine Apple Card’s use for poor customer support and zero interest financing, including zero interest financing, Apple-interest financing, using the cardholder’s card, use the Safari browser, Safari browser, and the Safari browser has made a certain choice for obtaining a set of choices.
Apple’s credit card is a delicate product, but there are other credit cards that offer better perks in the market and do not require cardholders to use an iPhone. Apple forces Apple to use Apple salary to get 2% cashback spent on customers (Select merchants are offered 3%); Using a physical card just wins 1% cashback. Does not offer the perks of other cards such as card, shopping protection or access to exclusive salons.
The point is that in addition to other benefits, there are a large number of credit cards that offer the same accurate cash and locked users in the apple ecosystem as an Apple card.
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