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Citigroup Opted Not To Partner With Apple On Its Credit Card

PYMNTS

Citigroup was reportedly in advanced talks with Apple to partner on its new credit card but decided not to move forward, according to CNBC. The report noted that JPMorgan Chase, Barclays and Synchrony were also in the running to partner with Apple on the credit card. According to CNBC, U.S.

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Apple-Goldman Credit Card Poses Risks, May ‘Blow Up’, Ellis Says

Bank Innovation

It would be “odd” for Apple Inc. to offer a jointly developed credit card with Goldman Sachs Group Inc. and not with Synchrony Financial, MoffettNathanson analyst Lisa Ellis said, since Synchrony dominates the market for co-brand offerings. Goldman must be offering Apple a very good deal,” Ellis said by email.

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Top News In Payments: Santander Acquires Ebury Stake, Goldman Sachs Extends $10B In Apple Card Credit

PYMNTS

Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card. Goldman Extends $10B In Apple Card Credit In First Month. Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple-branded credit card. Apple Card?

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New credit card partnerships climb, but the composition shifts

Accenture

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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Q2 2019: US credit card issuer snapshot

Accenture

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

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FinTech Step Aims To Create The Concept Of ‘Family Banking’

PYMNTS

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. Creating A Balance.

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