News for hackers. Stuff that matters.

A comment on Apple announces Apple Card credit card. Parent comment

Re:Apple announces Apple Card credit card by foobarbazetc on Monday March 25, 2019 @03:10PM (#19485719)
This really isn’t why. Fraud cost is negligible.

Apple literally gets a cut out of every NFC transaction. So they get to double dip here.

[ Parent | on HN ]
Re:Apple announces Apple Card credit card by kerbalspacepro on Monday March 25, 2019 @03:15PM (#19485788)
Why do you think "Fraud cost is negligible"?
[ Parent | on HN ]
Re:Apple announces Apple Card credit card by kradroy on Monday March 25, 2019 @04:01PM (#19486227)
The merchants eat it all, basically.
[ Parent | on HN ]
Re:Apple announces Apple Card credit card by stock_toaster on Monday March 25, 2019 @05:19PM (#19486834)
Goldman Sachs is taking their cut /for sure/.
[ Parent | on HN ]