Apple Card: Visa and American Express as potential partners in the game

Apple is currently facing a realignment of its credit card offering Apple Card. Given that Goldman Sachs wants to withdraw from the retail banking business, Apple needs to find a new partner bank. However, as the Wall Street Journal now reports, there may also be a change of card provider itself in this context. Visa and American Express appear to be playing their part in displacing Apple's current partner Mastercard. Wall Street Journal refers …

Goldman Sachs wants to leave the retail business and focus only on the business sector. This has consequences for the Apple Card, because the bank is the publisher of the credit card, the transactions are settled about it. Currently the bank, but also Apple is looking for a possible new partner to take over the basis for the Apple Card. Large US banks such as JPMorgan Chase, Capital One or Synchrony Financial are competing for this role. What ha…