snookie

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snookie
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  • How the Apple-Goldman Sachs relationship became an unhappy marriage

    snookiesnookie
    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.
    chadbagFileMakerFellerAlex1N