Goldman Sachs – NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, near field communication (NFC) and contactless, and beyond Thu, 12 Dec 2019 16:08:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://www.nfcw.com/wp-content/uploads/2020/02/cropped-nfcw-favicon-white-32x32.png Goldman Sachs – NFCW https://www.nfcw.com 32 32 37289602 Report: US retailers must pay a premium for Apple Card transactions https://www.nfcw.com/2019/12/12/365259/report-us-retailers-must-pay-a-premium-for-apple-card-transactions/ Thu, 12 Dec 2019 15:39:52 +0000 https://www.nfcw.com/?p=65259 “The card, marketed by Apple and backed by Goldman Sachs Group Inc, is designated ‘elite’, which allows it to levy significantly higher interchange fees on each swipe or tap… The cards have long irked retailers. They have no choice but to pay the higher fees for elite plastic if they want to accept any of […]

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Sub-prime borrowers to boost US Apple Pay adoption? https://www.nfcw.com/2019/08/14/363897/sub-prime-borrowers-to-boost-us-apple-pay-adoption/ Wed, 14 Aug 2019 11:53:08 +0000 https://www.nfcw.com/?p=63897 Apple has instructed its Apple Card issuing partner Goldman Sachs “to approve as many of its 100 million-plus iPhone users in the US as possible” for its new credit card “within the bounds of regulations and responsible lending,” CNBC reports. The result is that the bank “is accepting some applications from users with less-than-stellar credit […]

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Apple Card begins to roll out in the US https://www.nfcw.com/2019/08/06/363769/apple-card-begins-to-roll-out-in-the-us/ Tue, 06 Aug 2019 11:28:51 +0000 https://www.nfcw.com/?p=63769 “Apple says a random selection of people who signed up to be notified about the Apple Card will be invited to sign up today… The signup process, which requires iOS 12.4, involves entering your address, birthday, income level and last four digits of your Social Security number. That information is sent to Goldman Sachs, which […]

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Apple Card to roll out in August? https://www.nfcw.com/2019/07/30/363687/apple-card-to-roll-out-in-august/ Tue, 30 Jul 2019 10:28:42 +0000 https://www.nfcw.com/?p=63687 “The Apple Card is targeted to launch as early as the first half of August… People who own an iPhone will be able to sign up for the card via the Wallet app, which will have built-in Apple Card support as part of the latest iOS 12.4 update.”

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Apple Card pilot expands to ‘thousands of retail workers’ https://www.nfcw.com/2019/06/20/363131/apple-card-pilot-expands-to-thousands-of-retail-workers/ Thu, 20 Jun 2019 11:58:40 +0000 https://www.nfcw.com/?p=63131 “The Cupertino, California-based company this week launched an internal beta program for the Apple Card with its retail workers, according to people familiar with the initiative. The move marks the first major trial for the card, which has been used for several weeks by a far smaller set of Apple corporate and Goldman Sachs employees.”

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Banks balk at Apple Card business https://www.nfcw.com/2019/05/30/362834/banks-balk-at-apple-card-business/ Thu, 30 May 2019 16:25:51 +0000 https://www.nfcw.com/?p=62834 “‘Dude, if that portfolio ever makes money, I’m buying you a beer,’ an employee at the card department of a big bank texted a Goldman staffer… Citigroup was in advanced negotiations with Apple for the card but pulled out amid doubts that it could earn an acceptable profit on the partnership, according to people with […]

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Mastercard to make Apple Card technology available to other issuers https://www.nfcw.com/2019/05/24/362780/mastercard-to-make-apple-card-technology-available-to-other-issues/ Fri, 24 May 2019 12:32:13 +0000 https://www.nfcw.com/?p=62780 “Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform carries over many of the features that Apple Card users will get, according to Chris Reid, Mastercard’s executive vice president of cyber intelligence and data services for North America.”

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Apple enters financial services market with privacy-first credit card https://www.nfcw.com/2019/03/26/362132/apple-enters-financial-services-market-with-privacy-first-credit-card/ Tue, 26 Mar 2019 15:20:57 +0000 https://www.nfcw.com/?p=62132 Apple has launched a credit card to link with Apple Pay. Apple Card, which works within the Apple Pay app, will also be available as a physical card when it launches in the US in the summer. The company says the card offers “a new level of privacy and security”, as well as transforming “the […]

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Apple to launch ‘credit card paired with iPhone’ https://www.nfcw.com/2019/02/21/361717/apple-to-launch-credit-card-paired-with-iphone/ Thu, 21 Feb 2019 12:47:08 +0000 https://www.nfcw.com/?p=61717 “The card will be rolled out to employees for testing in the next few weeks and officially launch later this year, according to people familiar with the matter. The companies hope to lure cardholders by offering them extra features on Apple’s Wallet app, which will let them set spending goals, track their rewards and manage […]

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Apple to launch Apple Pay credit card in 2019 https://www.nfcw.com/2018/05/11/357027/apple-to-launch-apple-pay-credit-card-in-2019/ Fri, 11 May 2018 11:35:44 +0000 http://www.nfcw.com/?p=57027 “Apple Inc and Goldman Sachs Group Inc are preparing to launch a new joint credit card, a move that would deepen the technology giant’s push into its customers’ wallets and mark the Wall Street firm’s first foray into plastic. The planned card would carry the Apple Pay brand and could launch early next year.”

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