Authoritative insider and Bloomberg journalist Mark Gurman shared information that in the future Apple plans to provide financial services independently in order to reduce the need for partners such as Goldman Sachs.
According to Gurman, Apple is developing payment processing technology and infrastructure for credit risk assessment, fraud analysis, credit checks and dispute resolution, as well as working on tools for calculating interest, fees, authorizing transactions, reporting data to credit bureaus, increasing credit limits and others. functions. Part of this project is internally called “Breakout” (“Breakthrough”), as it will allow Apple to abandon the current financial systems that it uses. The iPhone maker is currently partnering with Goldman Sachs Bank and CoreCard for the Apple Card, Green Dot for Apple Cash, and Citizens Bank for the iPhone upgrade program.
In addition, Gurman once again recalled Apple’s plans to launch a subscription service for gadgets and the “buy now, pay later” option for transactions using Apple Pay.
You can buy a new MacBook, iPhone, iPad or other Apple gadget at a bargain price in the store AJ.ru. Our readers get a special discount using the Digger22 promo code.
The Digger editors maintain a channel in Telegram. Subscribe!
The post Apple is developing its own payment processing technology for future financial products appeared first on Gamingsym.