Apple has launched the Apple Card, a credit card built into the Apple Wallet app. The service also offers a physical Apple Card for locations where Apple Pay is not yet accepted, which is allegedly more secure than other physical credit cards because it displays no card number, CVV security code, expiration date, or signature on the card.
Purchases are automatically totaled and organized by color-coded categories such as Food and Drinks, Shopping, and Entertainment. Customers will also receive a percentage of every Apple Card purchase amount back as Daily Cash. "Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone," says Jennifer Bailey, VP of Apple Pay. "Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay over time, and ways to help them pay down their balance."
Related: Foodservice Tech: Robots in the Kitchen; Mobile Wallets Losing Traction.
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