Illustration: The Verge The Apple Card may soon no longer be backed by Goldman Sachs. According to a report from The Wall Street Journal, Goldman Sachs is in talks to

Green backdrop, black apple logo, apple leaves surrounding
Illustration: The Verge

The Apple Card may soon no longer be backed by Goldman Sachs. According to a report from The Wall Street Journal, Goldman Sachs is in talks to offload its partnership with Apple to American Express.

Apple launched its credit card in partnership with Goldman Sachs in 2019 and, more recently, made its new Pay Later service available to users in March. While Apple’s new financial division is handling the lending side of its buy now, pay later service, it’s still working with Mastercard and Goldman Sachs to enable the program.

But now, sources tell the Journal that Goldman Sachs wants to exit from both of these partnerships and have American Express take its place. According to the Journal, a deal with American Express isn’t “imminent or assured.” It also wouldn’t happen anytime soon, given that Apple would have to agree to the new partnership. Apple is reportedly aware of these discussions but didn’t immediately respond to The Verge’s request for comment.

The shift to American Express could affect where Apple cardholders can use their card. While Apple Cards are currently issued by Mastercard, which is accepted at a majority of retailers across the US, American Express has a bit less reach, although this seems to have improved in recent years.


You may also be interested in this

Why iCloud Keychain asks …

Macworld iCloud Keychain is end-to-end encrypted among all your devices and uses iCloud just for syncing your password and other shared keychain entries. As I’ve written previously in “Why iCloud

U.S. FCC opens 6 GHz band…

The Federal Communications Commission (FCC) on Thursday agreed to open the 6 GHz band to high-speed peer-to-peer Wi-Fi communication. Apple and others cheered the move. ` Lauren Feiner for CNBC:

Apple temporarily boosts …

When Apple raises iPhone trade in values, it's time to get a shiny new iPhone Series 16 handset. You can get up to $30 more for some models. (via Cult

How to use the new Games …

You can set challenges, track achievements and find new games in the Apple Games app, a fun addition to iOS 26 for iPhone gamers. (via Cult of Mac - Your

Best iPhone SE deals of J…

Macworld If you’re looking for an iPhone but don’t want to spend a fortune, the third-gen iPhone SE, Apple’s cheapest current handset, is the phone for you. It features a

Acefast Fast Charge Power…

The Acefast Fast Charge Power Bank M2 continues to offer the unique design its predecessor had while increasing the unit's size, battery, and price.Acefast Fast Charge Power Bank M2When Acefast

Here’s what the newest iP…

A mockup of the iPhone 17 Air from YouTube channel iDeviceHelp. Apple is expected to release its thinnest phone yet later this year with the iPhone 17 Air. Rumors have

MacBook Supplier Ramping …

Apple supplier Quanta Computer is likely gearing up for new MacBooks, according to research shared by investment firm Morgan Stanley. In a research note on Friday, obtained by MacRumors, Morgan
X

A whimsical homage to the days in black and white, celebrating the magic of Mac OS. Dress up your blog with retro, chunky-grade pixellated graphics to evoke some serious computer nostalgia. Supports a custom menu, custom header image, custom background, two footer widget areas, and a full-width page template. I updated Stuart Brown's 2011 masterpiece to meet the needs of the times, made it responsive , got dark mode, custom search widget and more.You can download it from tigaman.com, where you can also find more useful code snippets and plugins to get even more out of wordpress.