Re:Apple announces Apple Card credit card
by abalone on Monday March 25, 2019 @08:02PM
(#19487981)
> I don't thing it is healthy to have big entities like this control fundamental services like payment processing... How long before activists start making this a new vector for deplatforming?
You're misunderstanding how card networks work a little bit here. This is a credit card, not a payment processing service. Two different sides of the network. "Deplatforming" refers to getting kicked off a given payment processor, which is an entity that gives a merchant access to a card network (in this case Mastercard).
Perhaps issuers like Goldman Sachs could start banning their customers from using their card at certain merchants. But this wouldn't come from Apple -- they've already said they've engineered themselves out of that kind of control.
You're misunderstanding how card networks work a little bit here. This is a credit card, not a payment processing service. Two different sides of the network. "Deplatforming" refers to getting kicked off a given payment processor, which is an entity that gives a merchant access to a card network (in this case Mastercard).
Perhaps issuers like Goldman Sachs could start banning their customers from using their card at certain merchants. But this wouldn't come from Apple -- they've already said they've engineered themselves out of that kind of control.