Apple’s sleek new titanium credit card may be weeks away from launching

Andrew Cummings
July 28, 2019

While Apple will be handling the design of the card and the software, Goldman Sachs will handle the underlying infrastructure, payment disputes, handling transaction data, and more.

When Apple announced its card back in March, the company said it will be available at some point this "summer", but didn't commit to a certain date.

The Bloomberg report says Apple has been in discussions with European financial regulators about Apple Card expanding into Europe.

The Apple Card is targeted to launch as early as the first half of August.

Users will be able to apply for the Apple Card via Apple's Wallet app in iOS.

Apple is collaborating with Goldman Sachs Group on the project but hasn't divulged more details. The card is already being tested by a number of employees at Apple and Goldman Sachs.

Goldman has also thrown quite a bit of muscle behind the project, with "dozens of employees" dedicated to the Apple Card in its Manhattan headquarters and various satellite offices, including Apple-specific customer service teams. Since the summer launch still appears to be on track, Goldman Sachs must have responded promptly and fixed the issues causing the concerns. Apple has not said when the card will officially launch beyond saying that it's set to debut in the summer.

Announced in March, the Apple Card is specifically supposed to make traditional payments more convenient.

There have been some differences between the two companies on the development, but the card is now in testing. The product has been created to be used primarily via Apple Pay, rather than as a physical credit card.

This story has been published from a wire agency feed without modifications to the text.

Other reports by iNewsToday