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Apple Pulls Plug on Goldman Credit-Card Partnership (www.wsj.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago (1 children)

Main issue is companies really do not want to become banks because it opens a ton of new regulations on them. That's why square fought so hard for an industrial bank charter which allows them to skirt oversight

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[–] [email protected] 1 points 11 months ago

Funny though, because there was a time when almost every franchise chain had credit cards. The French supermarket Carrefour for example still has credit cards

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