5 ms·

That is simply a partnership where instead of cash back you get apple gift cards at rewards. So it's not rather notable Apple wise, since most cards you can red

That is simply a partnership where instead of cash back you get apple gift cards at rewards. So it's not rather notable Apple wise, since most cards you can redeem for Apple gift cards. Last year it was announced Apple is ending that card relationship and switching to Goldman. At that time it sounded like Goldman partnership would be similar but today's rumors suggest it maybe an actual Apple Branded credit card that is fully integrated into iOS which would be amazing. But of course there are so few details that it's hard to judge, but certainly interesting none the less to see what Apple could do in the credit card space.

delfinom 8y ago
What a perfect way to encourage consumers to go further into debt for items they don't need.
obmelvin 8y ago
Can you expand on how that is amazing? Maybe I'm just tired, but I don't see how it's any better than existing mobile payment options just because of some partnership. I can already hold my phone up to a compatible POS device and pay with my chase card.
- notduncansmith 8y ago
  For starters, Apple’s commitment to privacy makes me feel way better about them having my purchase data and being able to add value alongside my other personal data: potentially less opportunity for fraud, better offers, better purchase insights, etc. Maybe not “amazing”, but I can see some ways it could be quite nice compared to alternatives.
  - PaulHoule 8y ago
    There is a psychology here that just might work.
  - ed312 8y ago
    Generally I feel safer with Apple owning my phone data... but once you accumulate enough data in one company, the incentives for corruption and mis-use are too great. Let's not let more companies become "too big to fail" or "regulatory capture is a cost of doing business".
  - 0xffff2 8y ago
    Wouldn't Goldman be the one holding your purchase data?
    - obmelvin 8y ago
      I would imagine they will have access to your purchase data, otherwise what is the point for Goldman? And you can bet they will be using that data for all sorts of investments. Similarly to how location data is used for all sorts of gain by large companies [1,2]. [1] https://www.wsj.com/articles/your-smartphones-location-data-is-worth-big-money-to-wall-street-1541131260 https://www.wsj.com/articles/your-smartphones-location-data-... [2] https://www.nytimes.com/interactive/2018/12/10/business/location-data-privacy-apps.html https://www.nytimes.com/interactive/2018/12/10/business/loca...
  - webmobdev 8y ago
    > Apple’s commitment to privacy makes me feel way better about them having my purchase data ... Sure. The thing is, how long do you think this "commitment" is going to last? I trusted Google in the early days and got burned when I realized how invasive and intrusive they had become, and were totally unapologetic about it. I do not see why Apple - a trillion dollar multi-national corporate - will be any different. In fact, they already have a lot of data on you, especially if you use iCloud. And Apple has already started becoming intrusive under the guise of protecting our privacy - e.g. "Oh we are going to block all multi-site pervasive tracking on Safari - to protect your privacy! But ofcourse, first we need to know what and all sites sets these cookies on your device ... and so we can't let you control your cookies. But don't worry, everything will be anonymized ..." or how IOS 12+ now deliberately makes it even more difficult to find the "Restrictions" setting panel that gives you fine grained control over allowing or restricting access to cameras, microphones, contacts etc. (it's now under - Settings > Screen Time and tap Content & Privacy Restrictions) or how ios 12+ "Screen Time" is designed to collect information on everything you do on your iDevice (even other iDevices and sync all that info through iCloud) ... And so on ... so let's not kid ourselves that a for-profit CORPORATE is our best bet in protecting OUR privacy - they want you to believe that so that we don't use our collective will to pressurize our democratic government to make privacy enhancing laws and regulate companies that insist on collecting our data. (On a related note, other governments have begun to recognize that defending their citizen's right can protect their country's interest and sovereignty. That is why EU has been tightening their laws. And this - https://www.neowin.net/news/microsoft-has-been-sharing-indian-bank-customers039-data-with-us-intelligence-agencies https://www.neowin.net/news/microsoft-has-been-sharing-india... - explains why India, for example, is now insisting that US companies store their data in India).
    - lern_too_spel 8y ago
      Or how you need to hand over strongly identifiable banking information (like a credit card) to reasonably develop apps for your own devices.
    - oarsinsync 8y ago
      > I trusted Google in the early days and got burned when I realized how invasive and intrusive they had become, and were totally unapologetic about it. I'm assuming this was pre-gmail then, as they were very open about what they were doing once gmail came along, just very few of us actually understood the implications of what that meant at the time. > e.g. "Oh we are going to block all multi-site pervasive tracking on Safari - to protect your privacy! But ofcourse, first we need to know what and all sites sets these cookies on your device ... and so we can't let you control your cookies. But don't worry, everything will be anonymized ..." I don't think iOS has ever let you have fine-grained control over what cookies are present on your device. It's not that they've removed this option, they never added it in the first place. MacOS has this ability still. > how IOS 12+ now deliberately makes it even more difficult to find the "Restrictions" setting panel that gives you fine grained control over allowing or restricting access to cameras, microphones, contacts etc. (it's now under - Settings > Screen Time and tap Content & Privacy Restrictions) This is device-level restrictions, IE to prevent whoever's using your device from making changes, rather than app-level stuff. App-level stuff is even more prominent than ever. Settings -> Privacy > how ios 12+ "Screen Time" is designed to collect information on everything you do on your iDevice (even other iDevices and sync all that info through iCloud) ... iCloud sync disabled by default, opt-in, not opt-out. You have to turn it on if you want to have a view of all your devices from a single pane of glass. If you don't, and are happy checking each device individually, you can do that too. Much like gmail, this was also announced very loudly, so you may be right that this is a warning of terrible things to come. > let's not kid ourselves that a for-profit CORPORATE is our best bet in protecting OUR privacy You are absolutely right. Unfortunately, privacy is like security - you have to trade between that and convenience. As far as smartphones go, most private and convenient option (for me) is an Apple device. Which sucks, as Apple is overpriced, and has a software stack that rivals Microsofts in the early 2000s. I use it because I'm locked into the eco-system and there's no "better" (subjective) alternative, not because I have any particular joy in using their products anymore.
  - deleted 8y ago
    [deleted]

delfinom 8y ago

What a perfect way to encourage consumers to go further into debt for items they don't need.

obmelvin 8y ago

Can you expand on how that is amazing? Maybe I'm just tired, but I don't see how it's any better than existing mobile payment options just because of some partnership. I can already hold my phone up to a compatible POS device and pay with my chase card.

notduncansmith 8y ago
For starters, Apple’s commitment to privacy makes me feel way better about them having my purchase data and being able to add value alongside my other personal data: potentially less opportunity for fraud, better offers, better purchase insights, etc. Maybe not “amazing”, but I can see some ways it could be quite nice compared to alternatives.
- PaulHoule 8y ago
  There is a psychology here that just might work.
- ed312 8y ago
  Generally I feel safer with Apple owning my phone data... but once you accumulate enough data in one company, the incentives for corruption and mis-use are too great. Let's not let more companies become "too big to fail" or "regulatory capture is a cost of doing business".
- 0xffff2 8y ago
  Wouldn't Goldman be the one holding your purchase data?
  - obmelvin 8y ago
    I would imagine they will have access to your purchase data, otherwise what is the point for Goldman? And you can bet they will be using that data for all sorts of investments. Similarly to how location data is used for all sorts of gain by large companies [1,2]. [1] https://www.wsj.com/articles/your-smartphones-location-data-is-worth-big-money-to-wall-street-1541131260 https://www.wsj.com/articles/your-smartphones-location-data-... [2] https://www.nytimes.com/interactive/2018/12/10/business/location-data-privacy-apps.html https://www.nytimes.com/interactive/2018/12/10/business/loca...
- webmobdev 8y ago
  > Apple’s commitment to privacy makes me feel way better about them having my purchase data ... Sure. The thing is, how long do you think this "commitment" is going to last? I trusted Google in the early days and got burned when I realized how invasive and intrusive they had become, and were totally unapologetic about it. I do not see why Apple - a trillion dollar multi-national corporate - will be any different. In fact, they already have a lot of data on you, especially if you use iCloud. And Apple has already started becoming intrusive under the guise of protecting our privacy - e.g. "Oh we are going to block all multi-site pervasive tracking on Safari - to protect your privacy! But ofcourse, first we need to know what and all sites sets these cookies on your device ... and so we can't let you control your cookies. But don't worry, everything will be anonymized ..." or how IOS 12+ now deliberately makes it even more difficult to find the "Restrictions" setting panel that gives you fine grained control over allowing or restricting access to cameras, microphones, contacts etc. (it's now under - Settings > Screen Time and tap Content & Privacy Restrictions) or how ios 12+ "Screen Time" is designed to collect information on everything you do on your iDevice (even other iDevices and sync all that info through iCloud) ... And so on ... so let's not kid ourselves that a for-profit CORPORATE is our best bet in protecting OUR privacy - they want you to believe that so that we don't use our collective will to pressurize our democratic government to make privacy enhancing laws and regulate companies that insist on collecting our data. (On a related note, other governments have begun to recognize that defending their citizen's right can protect their country's interest and sovereignty. That is why EU has been tightening their laws. And this - https://www.neowin.net/news/microsoft-has-been-sharing-indian-bank-customers039-data-with-us-intelligence-agencies https://www.neowin.net/news/microsoft-has-been-sharing-india... - explains why India, for example, is now insisting that US companies store their data in India).
  - lern_too_spel 8y ago
    Or how you need to hand over strongly identifiable banking information (like a credit card) to reasonably develop apps for your own devices.
  - oarsinsync 8y ago
    > I trusted Google in the early days and got burned when I realized how invasive and intrusive they had become, and were totally unapologetic about it. I'm assuming this was pre-gmail then, as they were very open about what they were doing once gmail came along, just very few of us actually understood the implications of what that meant at the time. > e.g. "Oh we are going to block all multi-site pervasive tracking on Safari - to protect your privacy! But ofcourse, first we need to know what and all sites sets these cookies on your device ... and so we can't let you control your cookies. But don't worry, everything will be anonymized ..." I don't think iOS has ever let you have fine-grained control over what cookies are present on your device. It's not that they've removed this option, they never added it in the first place. MacOS has this ability still. > how IOS 12+ now deliberately makes it even more difficult to find the "Restrictions" setting panel that gives you fine grained control over allowing or restricting access to cameras, microphones, contacts etc. (it's now under - Settings > Screen Time and tap Content & Privacy Restrictions) This is device-level restrictions, IE to prevent whoever's using your device from making changes, rather than app-level stuff. App-level stuff is even more prominent than ever. Settings -> Privacy > how ios 12+ "Screen Time" is designed to collect information on everything you do on your iDevice (even other iDevices and sync all that info through iCloud) ... iCloud sync disabled by default, opt-in, not opt-out. You have to turn it on if you want to have a view of all your devices from a single pane of glass. If you don't, and are happy checking each device individually, you can do that too. Much like gmail, this was also announced very loudly, so you may be right that this is a warning of terrible things to come. > let's not kid ourselves that a for-profit CORPORATE is our best bet in protecting OUR privacy You are absolutely right. Unfortunately, privacy is like security - you have to trade between that and convenience. As far as smartphones go, most private and convenient option (for me) is an Apple device. Which sucks, as Apple is overpriced, and has a software stack that rivals Microsofts in the early 2000s. I use it because I'm locked into the eco-system and there's no "better" (subjective) alternative, not because I have any particular joy in using their products anymore.
- deleted 8y ago
  [deleted]