Chase Reportedly in Advanced Talks to Become New Apple Card Partner

JPMorgan Chase is successful "advanced talks" with Apple astir becoming the Apple Card's caller fiscal partner, according to The Wall Street Journal.


JPMorgan owns Chase Bank, 1 of the largest banking chains successful the United States.

Barclays and Synchrony were besides reportedly successful the running to go the Apple Card's caller fiscal partner, but it looks similar JPMorgan Chase is presently the frontrunner. The study said JPMorgan Chase's talks with Apple "accelerated successful caller months."

In 2023, The Wall Street Journal reported that Goldman Sachs wanted retired of the Apple Card partnership, but it has yet to portion ways with Apple.

Goldman Sachs is successful the process of winding down its user lending business, which has mislaid billions of dollars successful caller years. On an net telephone this year, Goldman Sachs CEO David Solomon said the institution is contracted to beryllium the Apple Card's lender until 2030, but helium said determination is simply a "possibility" that the concern volition extremity earlier.

Last year, the U.S. Consumer Financial Protection Bureau fined Apple and Goldman Sachs astir $90 million combined aft uncovering the companies mishandled transaction disputes and misled iPhone users astir interest-free outgo options.

If the Apple Card does yet get a caller fiscal partner, it is unclear if determination would beryllium immoderate large changes to the card's features and policies.

On the outgo web side, it has been reported that Visa and American Express person expressed interest successful taking implicit for Mastercard.

Launched successful 2019, Apple's recognition paper remains disposable successful the U.S. only.
This article, "Chase Reportedly successful Advanced Talks to Become New Apple Card Partner" archetypal appeared connected MacRumors.com

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