Culture&Arts

Apple enters financial services market with privacy-first credit card

Apple enters financial services market with privacy-first credit card

FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018.

Apple has leapt into the services and subscriptions business in a major way, announcing the impending launches of Apple TV+, Apple News+, Apple Arcade - and, bizarrely, an Apple Credit Card. According to those who should know about these things, the physical Apple Card won't include an NFC chip for contactless payments.

Apple's not the only media giant entering the market - both Walt Disney (which now owns 21st Century Fox) and AT&T (which owns Time Warner) plan to launch or test new streaming video services this year.

To use Apple Pay, you must have an iPhone model that can support it (typically iPhone 6 or later).

The great thing about the Apple Card is that, compared to traditional credit cards, it will not have any late, global usage or yearly fees. You will receive a physical titanium card upon signing up, though there is no credit card number, CVV, expiration date or signature, as that information is stored directly in the Apple Wallet app.

In addition to its three entertainment offerings, Apple has also augmented its Apple Pay service on iPhones and the Apple Watch with a virtual credit card launched with Goldman Sachs.

AppleWhat about fees on the Apple Card?

More news: Huawei launches MateBook 13 and MateBook 14

Apple Card is built into the Apple Wallet app on the iPhone. Apple has not confirmed if the paid news subscription service will come to other countries.

You'll get 2 per cent cash back on all purchases through Apple Pay, which will appear daily in your account for you to do whatever you want with. Here are some more details revealed by the company in yesterday's event. Users can view their Apple Card balance or send to friends and family in Messages.

Apple wants a permanent place in your wallet, and beginning this summer, you'll be able to give it one.

While this is valid for the first few pages of every issue, Smith observed that News+ also downloads a list of all the pages with their unique URLs, which are hosted publicly and can, therefore, be accessed directly once you have the specific address.

On the other hand, a high interest rate also means that Apple plans to make its card widely available. Though Apple won't charge an annual membership fee, it will, however, charge fees for some specific transactions made via Apple Pay Cash service.

Apple Arcade will offer a selection of games likely found on the App Store, as well as some possibly made for the service, with developers including Sega, Konami, Lego, and more. The Apple Pay Cash service allows iPhone users to send money to other iPhone users.