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Apple is reportedly ending its partnership with Goldman Sachs
It leaves the Apple Card's future uncertain.
Goldman Sachs might be trying to offload Apple's credit card and savings accounts
Goldman Sachs is reportedly looking to get out of the consumer lending business, which could have implications for Apple's credit card and savings accounts.
Intel joins Apple, Alphabet and Samsung as an Arm investor
The company sees a bright future manufacturing low-power chips.
Apple Card users can soon sign up for a 'high-yield' savings account
Apple Card users can soon open a high-yield savings account that takes their Daily Cash or even their bank funds.
Apple created a subsidiary to handle Pay Later loans
When its Pay Later service launches alongside iOS 16 later this year, Apple plans to handle lending decisions on its own.
Apple offers interest-free financing on more of its products
Apple Card users can now finance purchases of certain Apple products across six or 12 months with zero interest.
Apple Card may offer monthly installment plans for iPads and Macs
Apple's credit card may soon include an option to buy the company's products in monthly instalments.
Apple Card holders can defer April payments, too
Apple Card holders are getting another reprieve in light of the COVID-19 pandemic's economic impact. Apple is emailing customers to let them know that they can defer their April payments without interest if if the outbreak has made it difficult to pay on time. As with the March offer, you'll have to enroll in the Customer Assistance Program by messaging a support representative in the Wallet app.
Goldman will re-check Apple Card credit scores after sexism claims
The Apple Card has been under fire this week after accusations that the bank behind the program, Goldman Sachs, has been discriminatory against women in its provision of credit lines. The New York Department of Financial Services opened an investigation into the claims, and now, Goldman Sachs says it will re-evaluate credit decisions for those whose lines are lower than expected.
New York investigates claims of sexism in Apple Card credit limits (updated)
The bank behind Apple Card is facing legal scrutiny over accusations of inequality. New York's Department of Financial Services has launched an investigation into Goldman Sachs' practices after Basecamp founder David Heinemeier Hansson accused Apple (and really, Goldman) of sexism when determining credit limits. He received a limit 20 times higher than his wife despite her higher credit score, and received no help from customer service apart from murmurs of a "formal internal complaint." She eventually got a "VIP bump" to match his credit limit, but that appeared to have been a reaction to the public outcry. Hansson didn't believe Apple or Goldman set out to be discriminatory, but that the outcome was sexist nonetheless.
That Apple Card may not be as private as you think
When it came time to pay for dinner with my friend and his wife the other night, he said, "No, let us get this." It was a kind gesture. When you don't have to pay for a meal out in San Francisco, the feeling of relief is similar to narrowly avoiding getting hit by a self-driving car in the crosswalk. My friend is generous. He used to work in Apple security and now does security for a different Big Tech entity.
Apple warns against storing its titanium credit card in leather
The titanium Apple Card looks slick (with the sound to match), but you may need to treat it gingerly if you expect it to look as pristine as the day you got it. Apple has posted a cleaning guide for the physical credit card that warns against storing it against leather and denim, lest they cause discoloration that "will not wash off." Yes, that's right -- you could end up with a nasty-looking card simply by putting it in your usual wallet or pants pocket. Many leather wallets have linings, and plastic cards have their own issues, but this suggests it's more delicate than some would like.
Apple Card customer agreement: use two-factor, no jailbreaking
As the debut of Apple's "new kind of credit card" draws closer, partner Goldman Sachs has published the official customer agreement (PDF) on its website. The Apple Card terms are pretty standard -- similar to some other cards, purchasing any kind of "cash equivalent" like cryptocurrency is prohibited -- but there are some specific items.
Apple Card rolls out in the US this August
The rumors of an imminent Apple Card launch were on the mark. As part of Apple's latest earnings call, CEO Tim Cook confirmed that the iPhone-centric credit card will be available in the US sometime in August. He didn't provide a specific date or other launch details, although Apple has already explained a fair amount about it -- you sign up for the card from an iPhone, and can use it either through Apple Pay or through a flashy titanium card that will be mailed to you for free within a few days.
Apple’s credit card could arrive in the first half of August
In March, Apple made a fuss over its plans to introduce a credit card. But we haven't heard much about Apple Card since. Now, Bloomberg reports that the card will reportedly launch in the first half of August. The update suggests that the card is on track, as Apple initially said it would be ready this summer.
Apple is launching a credit card
The rumors were true -- Apple is releasing its own credit card. Apple Card promises to make the most of the company's privacy, simplicity and (of course) integration with your iPhone. You can sign up for the Goldman Sachs-backed card directly from your device (it'll be useful right away), and it'll appear in an updated version of the Wallet app that can show your latest bills, transactions and spending history. Naturally, you can use Messages to ask for customer service.
Apple will reportedly launch a credit card this year
Apple is teaming up with Goldman Sachs to launch a credit card as it looks beyond mobile payments, according to a new report. The card will be available to the masses later this year, following a trial run with Apple staffers, reports The Wall Street Journal. The tech giant is currently in the process of rolling out Apple Pay to even more countries, but the physical card would reportedly offer it a bigger slice of revenue from swipes.
Goldman Sachs wants Google to 'unsend' email, seeks court order
Everyone makes mistakes... just some of them are a little more costly than others. A Goldman Sachs employee made a rather serious error when instead of sending a message to a gs.com email address, it went to a stranger with a Gmail account. That might sound innocent enough, except this email happened to contain the confidential data of a client. Google has blocked access to the message at the request of Goldman, so the user in question has not been able to read it, but the financial firm wants the internet giant to go one step further and actually delete the email. And that's where the two companies find themselves -- at a legal stalemate.
Tim Cook: Shareholder lawsuit is a 'silly sideshow'
You may recall a TUAW post last week about a shareholder lawsuit spearheaded by Greenlight Capital fund manager David Einhorn. The lawsuit essentially claims that Apple isn't doing enough to make sure that shareholders are receiving the benefits of the company's success, and contests a proposition to add a requirement to Apple's charter forcing any move to issue preferred stock to be approved by common shareholders. Apple CEO Tim Cook, speaking at a Goldman Sachs investor conference today, referred to the lawsuit as a "silly sideshow." According to our sister site TechCrunch, Cook commented during the conference that the approval process by common shareholders was part of a 2012 look at how Apple could improve its governance. According to Cook, "I find it bizarre that we would find ourselves being sued for something that's good for consumers." Cook's personal preference? To have both sides take any money that would be wasted in fighting a lawsuit and donate it to a worthy cause. Cook thinks that the lawsuit is "a waste of shareholder money, and it's a distraction, and it's not a seminal issue for Apple." Regardless of whether the proposition makes it into the Apple corporate charter, Cook said that the company will insist on a vote from common shareholders before any preferred stock is issued.
Clearwire starts building LTE network this month, wants to salve (and profit from) Sprint growing pains
Clearwire doesn't have much time left before its promised LTE rollout goes live in early 2013, so it's with some relief that we know the deployment is getting underway. CFO Hope Cochran told those at Goldman Sachs' Communacopia Conference this week that construction of the first cell sites starts this month, with efforts truly swinging into full gear during the fall. The executive also reminded us of a very pragmatic reason why many of the 5,000 LTE sites due by June 30th will target high-traffic areas -- as Clearwire is only selling the faster data access to other providers, it should pocket more money in any regions where Sprint needs all the help it can get. Call it a virtuous cycle. Cochran certainly does: while Clearwire is free to make deals with others, Cochran says her company weighs any alliances against what it still considers a very special pact with Sprint. No doubt the 4G pioneer is hoping that it's making the right choices, as other carriers aren't waiting around.
