WSJ News Exclusive | Apple Pulls Plug on Goldman Credit-Card Partnership
www.wsj.com
The tech giant proposed exiting the contract in about 12 to 15 months, which would knock down a main pillar of Goldman’s soured bid to expand into main-street lending.
  • TheFluffiestFur@alien.topBEnglish
    0·
    1 year ago

    Eli5: Does Apple have a bank account that’s set for payments/refunds for credit card holders?

    Like, do they have a line of credit that creates new lines of credit beneath the main one whenever someone gets a new Apple Credit Card?

    • timffn@alien.topBEnglish
      1·
      1 year ago

      Goldman Sachs is the bank. They provide the lines of credit. Apple is the user interface.