InspiredCode

Chase was early to be a mobile device friendly company. One of the first to have a decent app and accept mobile deposits. They have seemed to have lost their drive to innovate lately. I’d question Chase’s willingness to have Apple banking services compete directly with its own- facilitated by Chase or not. Apple will certainly want to expand in to other areas. Debit/checking at least. Chase is diversified enough that maybe they just see the end of traditional banking coming and are willing to give up control over some areas.

Apple likes to have multiple providers in case they have trouble with one and to have metrics to base performance on. That must be weighing heavily on them with the GS partnership. I wonder if we will see them switch to multiple banks to partner with.

This emoji is normally used in a complementary way, but it probably should be updated. Maybe a pencil over the ear or holding a calculator.

Those other companies use more than just the ARM ISA. Apple has their own chip designs.

It feels like they need a partner that is both a bank and a network. Otherwise there are too many companies trying to make a profit.

I’m sure some of the prior issues could be solved. For instance their reps get overwhelmed at the end of the month when everyone’s cards become due. They should be able to solve that with a no-fee grace period to resolve any issues within a few weeks of the due date.