Earlier this month it was reported that employees of Apple and Goldman Sachs CEO David Solomon tested the ‘Beta’ version of Apple’s credit card. Now, the latest reports from Bloomberg claimed that Apple expands its credit card testing to thousands of retail workers.
Notably, the retail employees are working in the United States only as Apple is planning to launch its plastic currency in summer.
Apple Card Beta Initiative Meant for Thousands of Retail Employees
This Apple Card beta program was meant for the employees of Cupertino, California-based company; thousands of retail workers participated in this program. People close to this initiative shared information with Bloomberg that it was the first significant trial for Apple Card.
The card has been used by a group of Apple corporate and Goldman employees. Among the 70,000 Apple’s retail employees across the world, more than half of its locations are in the United States.
Before the credit card reaches the wallets of consumers, Apple wanted to iron out problems. This program was run in a controlled testing environment as Apple had asked its employees not to discuss the card. However, employees were allowed to use the card in public to make shopping transactions.
By joining hands with Goldman Sachs, Apple integrates its card digitally with its iPhone. When users use this digital card, users get higher cash back on Apple purchases and all transactions through Apple Pay.
Goldman will take care of payment processing, credit obligations, disputes, and customer services. Those who witnessed Apple’s March event must have seen Apple’s physical card flaunting elegant metal design.
Apart from easing out financial transactions of users, Apple’s card keeps customers glued to other hardware sold by the tech giant; moreover, this card will help Apple expand its services business.
That’s all folks!
Bloomberg reports, “Screenshots of the employee beta of the Apple Card show that test versions of the card are fully functional and include the ability to receive daily cash back, pay bills, see an order status for a physical card and receive technical support via text messaging. Users can also schedule payments, access their credit limit, and manage connected bank accounts, among other tasks. Users will also have the ability to set the Apple Card as the default payment method for Apple purchases.”
Do you think Apple will be able to launch its credit card in summer? Share your feedback in comments in the section below…