snookie

Wow what a newsflash, iterative updates..which everyone does on everything.

PauloSeraa said:

If you want leather, buy it from Nomad. Apple's cases have plummeted in quality, paralleling many of their quality declines of late. Both their leather and silicone cases have become unusable as they don't even last a year before falling apart.

LOL that's nonsense on both counts.  The sky is falling!  Apple is doomed!! LOL.

chadbag said:

im pretty sure The other big consumer card companies with rewards cards get a share of the interchange fees.  I wonder why GS agreed to a deal not to. (Chase, C1, Citi etc). 

Apple Card was sure easy to share with my kids in Apple Pay so they could load their Suica virtual cards easily on our last trip to Japan. 

You don't get interchange fees if you don't run the card system.  Since they outsourced it they don't have a choice.  Some financial institutions run their own credit card and debt card systems so they can get interchange.

entropys said:

I really wouldn’t want American Express taking it over. I want it to work with Mastercard or visa.
AE is almost a non starter in most countries.

Incorrect.  Amex makes 65% of their revenue outside the U.S.  I used to work there.  But it does limit who will take the card.

FileMakerFeller said:

AppleInsider said:

"No commercial bank that's experienced in the credit card business is going to give Apple the same terms as Goldman did," said Nilson Report publisher and payments industry expert David Robertson.

So Apple hunted for a desperate provider, just like with AT&T and the iPhone. I'm sure Apple emphasised the benefits AT&T accrued while selling this idea to GS. I'm also sure GS didn't look at the troubles AT&T had after launch (such as the massive demand for data that stressed their network and required bringing forward planned infrastructure enhancements).

It really sounds like GS was looking for an easy profit-making venture, got surprised when Apple told them it was going to take hard work and decided that they didn't like the sound of that.

Neither AT&T or Goldman were desperate.  Apple wasn't either.  Be glad Apple didn't allow the others to monkey with the iPhone like they do all other hardware providers.Slapping their own interfaces, logos, and apps on the iPhone.  Goldman was just greedy and stupid.  Almost all of the card services are outsourced by them and i can make a pretty good guess as to who.  I'm a Director of IT Architecture in the financial industry and have worked at Amex and many big banks.  I also remember the actual history of the iPhone and AT&T.  Anyone can google that and find out what actually happened.