Apple, Goldman Sachs start issuing Apple Cards to consumers

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Apple, Goldman Sachs start issuing Apple Cards to consumers
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Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldm...

) on the new iPhone add-on that may help Apple diversify from device sales and build out the Wall Street bank’s new consumer business.

For Goldman, the issuing bank, the card builds on a foray into its Marcus consumer banking brand, started in 2015. Apple offers an option for a physical card made of titanium, but the physical card has no visible number. Instead, the card’s number is stored on a secure chip inside the iPhone, which generates virtual numbers for online or over-the-phone purchases requiring a number.

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