Visa previously threw out cash to become the payment processor for Costcos credit card.

Goldman was desperate to get into consumer lending during the pandemic, and Apple essentially fleeced the bank.

The tech giant is increasingly becoming the epicenter of many consumers daily payments and other financial habits.

Apple might replace Mastercard with Visa for its credit card product.

Apple might replace Mastercard with Visa for its credit card product.Michael Short/Getty

The data pipe that locks in this deal is expecting to stay close to Apples future payments efforts.

The card also does not offer perks of other cards, like purchase protection or access to exclusive lounges.

News from the future, delivered to your present.

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Apple, Are You Okay?

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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024.

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