Visa Offers $100 Million To Secure Apple Card Network In A Bid To Outdo Mastercard: Report - Apple (NASDAQ:AAPL), American Express (NYSE:AXP)
1. Visa proposed $100 million to secure the Apple Card network, amid competition. 2. Goldman Sachs plans to exit, triggering a bid war among banks for Apple Card. 3. Apple is expected to choose a new network before selecting a replacement bank. 4. The outcome will impact Apple’s future payment strategies and growth. 5. Apple Card holds $20 billion in balances, crucial for issuer selection.