Published 2 days ago • loading... • Updated 13 hours ago

Visa Allegedly Makes a Bid to Unseat Mastercard as Apple Card's Partner

Visa reportedly offered Apple $100 million to become the Apple Card's payment network, challenging Mastercard's current role.
Goldman Sachs wants to exit consumer lending, prompting Apple to seek a new card issuer and network.
Apple Card, introduced in 2019, has $20 billion in customer balances, making it a valuable co-branded deal.
Visa's $100 million offer is usually reserved for the largest card programs, as reported by the Wall Street Journal.
American Express, Chase, Barclays, and Synchrony Financial are also competing to partner with Apple for the card.

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paymentsdive.com

Center

Visa, Mastercard have edge over Amex for Apple: analyst

As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.

13 hours ago

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Adweek

Center

Visa Joins Bidding to Replace Mastercard as Apple Card Payments Network

The payment network company is offering an upfront payment of nearly $100 million.

13 hours ago

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cnet

Center

Visa Allegedly Makes a Bid to Unseat Mastercard as Apple Card's Partner

Changing networks won't impact cardholders much, but it could be the first step toward improving card features.

1 day ago·New York, United States

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Gizmodo

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Visa Wants to Take Over $20 Billion Apple Card Business

The company wants to take over processing of payments for Apple's credit card, and has reportedly offered $100 million to replace Mastercard.

1 day ago·United States

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Benzinga

Center

Visa Offers $100 Million To Secure Apple Card Network In A Bid To Outdo Mastercard: Report - Apple (NASDAQ:AAPL), American Express (NYSE:AXP)

Visa Inc. (NYSE: V) has reportedly proposed a $100 million payment to Apple Inc. (NASDAQ: AAPL) to secure the Apple card network. This move comes amid fierce competition among the country's leading payment networks.

2 days ago·New York, United States

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American Banker

What payment giants want from Apple Card – besides fees

Visa and American Express have reportedly tossed their hats in the ring in an attempt to lure Apple's lucrative Apple Card business away from Mastercard. But the battle for processing rights on one of the most sought-after credit card portfolios is about more than additional credit card transactions.

1 day ago

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