Apple-Goldman Credit Card 'Nothing Unusual,' Ellis Says

Apple and Goldman Sachs are collaborating on a new credit card, marking a significant step for Apple in the payments sector. This partnership is unusual as Synchrony is typically the bank of choice for co-branded cards. The move is part of Apple's strategy to increase the use of its payment services. Goldman Sachs is investing heavily in this venture, focusing on building risk management and consumer support systems. The partnership could impact competitors like PayPal, but the overall effect on the financial ecosystem remains to be seen.

What is unusual about Apple's choice of partner for their co-branded credit card?

• They chose a foreign bank for the collaboration.

• They chose a tech company instead of a bank.

• They partnered with Goldman Sachs instead of Synchrony.

• They decided to launch without a partner.

What feature is Apple planning to integrate into the Apple Wallet with the new credit card?

• Social media integration

• Cryptocurrency trading

• Financial health management

• Augmented reality shopping

What is a major challenge for Goldman Sachs in launching the new credit card?

• Building a new risk management system

• Reducing the card's interest rates

• Competing with existing Apple services

• Finding a new technology partner

Which company might be most at risk due to the Apple-Goldman Sachs credit card launch?

• PayPal

• Visa

• MasterCard

• Amazon

Which payment network won the co-branding deal with Apple and Goldman Sachs?

• Discover

• MasterCard

• Visa

• American Express