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Goldman, Apple to pay CFPB $89.8M over Apple Card issues

Payments Dive

The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing products, the bureau alleged.

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Apple adds BNPL offerings from rivals

Payments Dive

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

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Apple extends prepaid debit card reach

Payments Dive

Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.

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Amex CEO weighs in on Apple card reports

Payments Dive

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

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Goldman’s Apple Card: What Will Q2 Hold?

PYMNTS

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.

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Apple Card Users Can Now Make Online Card Payments

PYMNTS

With a new website Apple has launched, Apple Card holders will be able to check balances and do business online, the company said, according to MacRumors. The site, card.apple.com , allows users to sign in and see their balance, their next payment due date and the total limit of their card.

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DOJ calls Apple card fees ‘significant expense’ for banks

Payments Dive

The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.

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