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I am not an Apple user but presumably Apple is processing your payments in this case, and have an insight into your spending?

• DrJokepu 6y ago
  It’s actually Goldman Sachs. Apple does not retain transaction history, per their privacy policy.
• Shank 6y ago
  > Apple Card features that use your transaction history, like spending summaries, are created on-device. Apple does not know your transaction history. [0] > When you use Apple Card, our issuing bank and payment network partner — Goldman Sachs and Mastercard — and their service providers receive information about your transaction, including the merchant, time, and amount in order to operate Apple Card. Neither Goldman Sachs nor Mastercard share or sell your transaction information with third parties for advertising or marketing. [0] [0]: https://support.apple.com/en-us/HT210662 https://support.apple.com/en-us/HT210662
  • gnud 6y ago
    > Neither Goldman Sachs nor Mastercard share or sell your transaction information with third parties for advertising or marketing. Hmm, I wonder why they sell it then? Since they needed the "advertising or marketing" qualifier, they obviously sell data to third parties.
    • function_seven 6y ago
      My guess is fraud detection partners? Some company that aggregates transaction data to spot patterns of abuse or fraud, and in turn provides services to their customers to mitigate it.
    • buildbot 6y ago
      Governments probably fall under 3rd parties?
    • fshbbdssbbgdd 6y ago
      Two thoughts: 1. Maybe they are selling purchase data to hedge funds? Lots of possible use cases. 2. Maybe some regulation only requires them to disclose if the information is sold for advertising or marketing (I think I remember this showing up on some post-CFPB credit card disclosure forms). Therefore the lack of such a disclosure for other uses for the information could mean nothing, just that they are minimizing discourses that aren’t legally obligated.
      • kube-system 6y ago
        Definitely some of #2 going on. A lot of the language surrounding privacy disclosure requirements under the Gramm-Leach-Bliley Act is literally copy-paste from a form that the FTC suggests for compliance with the law. Just about anyone with a financial account in the US will probably instantly recognize this form: https://www.ftc.gov/system/files/documents/rules/privacy-consumer-financial-information-financial-privacy-rule/privacymodelform_optout.pdf https://www.ftc.gov/system/files/documents/rules/privacy-con...
• Maxious 6y ago
  > Apple Pay data that has been disassociated from you may be retained for a limited period of time to generally improve Apple Pay and other Apple products and services. https://support.apple.com/en-us/HT210665 https://support.apple.com/en-us/HT210665