Apple Pay gets physical with a Titanium credit card

Jennifer Bailey vice president of Apple Pay at an announcement that it would release its own credit card called Apple Card

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If that purchase is from Apple, you will also get 3 percent Daily Cash if said purchases is made directly from Apple, including Apple Stores, on the App Store and for Apple services. Apple Card has no late fees, no global fees, no penalties for late payments and reportedly offers lower interest rates than other banks. When it comes to Apple Pay, Tim Cook also mentioned on stage that it will be available in more than 40 countries by the end of this year and the acceptance rate has been growing. Analysts from Berstein in a note to investors regarding the rumored card said a card's integration with the Apple ecosystem will amount to only a few hundred million dollars annually, a fraction of Apple's revenue.

It works globally where Apple Pay is accepted, lets users track spending in the Wallet app, and focuses on transaction privacy. Purchases are automatically totalled and organised by colour-coded categories such as Food and Drinks, Shopping and Entertainment. To help customers better understand their spending, Apple Card provides weekly and monthly spending summaries.

Through the partnership with Goldman Sachs and Mastercard, the new Apple Card will be able to be used around the world.

Apple Inc. CEO Tim Cook speaks during a company product launch event
Apple Inc. CEO Tim Cook speaks during a company product launch event

"Every purchase is secure because it is authorised with Face ID or Touch ID, and a one-time unique dynamic security code", said Apple.

Apple's goal, other sources have told Reuters, is to bring together television shows in one place to make it easier to find, buy and watch them.

Available in the USA this summer, the titanium Apple Card is a built into the Apple Wallet app on iPhones and is touting a simple application process, no fees, financial management tools, and top level security and privacy.

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The card, backed by Mastercard and Goldman Sachs, has no fees and dispenses with pin numbers, expirations dates, signatures and "CVV" security numbers. That situation, even after years of the company pushing Apple Pay to more retailers and websites, likely caused Apple to decide it needed to do something else if it wanted to grow in payments and build up usage of its mobile wallet. It will be coming to Apple Pay users in the United States this summer. The physical titanium card only has a chip, along with a laser-etched Apple logo and your name.

There was no word on whether Apple will send round the iBailiffs clad in "Genius" gear if you've gone a little bit overboard on ivory back-scratchers and pork scratchings. Users can get a digital Apple card by simply signing up on the newly designed Apple Wallet App. Miller added that Apple could make inroads if the card appeals to millennials, whose entire lives have been integrated with technology. Even producers of Apple's shows are unsure about numerous details about when and how audiences will be able to see their work.

One trend that we did not talk about, but that job-listings data saw coming, was a development for Apple Pay.

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It's a savvy move to use a smartphone to go deeper into making purchases, Pliniussen told CBC News.

When Apple Pay was first rolled out in 2014, Apple said that the token tying a transaction to a specific customer would be encrypted and stored on the Secure Element without being accessible to Apple.

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