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Apple Pulls Plug on Goldman Credit-Card Partnership (www.wsj.com)

submitted 2 years ago by _____WESTBROOK_____@alien.top to c/apple@hardware.watch

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[–] Tman11S@alien.top 1 points 2 years ago (7 children)

At this point Apple might as well buy a small bank and do it themselves. They’ve got cash enough to run a bank

[–] College_Prestige@alien.top 1 points 2 years ago (1 children)

Main issue is companies really do not want to become banks because it opens a ton of new regulations on them. That's why square fought so hard for an industrial bank charter which allows them to skirt oversight

[–] Tman11S@alien.top 1 points 2 years ago

Funny though, because there was a time when almost every franchise chain had credit cards. The French supermarket Carrefour for example still has credit cards

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