Report: Apple Card To Launch In August, Will Require iOS 12.4

Apple released iOS 12.4 into the public domain with support for Apple Card, the company’s credit card service which was announced in March 2019. According to Bloomberg, Apple is ready to enable the service on its side during the first half of August, which means we are literally weeks away from its availability.

Apple is launching the Apple Card service as part of an ongoing collaboration with Goldman Sachs. During the March 2019 event, the Cupertino-based business had specified that it would be available during the ‘summer’ but didn’t provide any concrete dates.

The fear at that time was that the expected release date could be pushed back if Apple and its banking partner encountered any issues, regulatory or otherwise. Now, according to this latest well-placed Bloomberg report, there are no delays expected and next month will see Apple Card head into the public domain.

Once it is active and inaction, users will be able to use the Wallet app on their iPhone running iOS 12.4 or above to sign-up for the stunning Apple Card service. This functionality was enabled with the latest iOS 12.4 firmware release.

Those who initially provided Apple with their details and registered an interest in the Apple Card service at the time of it being announced should also be receiving information from the business about the release of the service in due course. Of course, this will come either once Apple officially announces the availability date or once the service is in action and accepting sign-ups.

It’s worth noting that Apple Card isn’t a bank and Apple isn’t trying to be a bank with its release. Well, at least not yet. One of the biggest marketable points of the product is that it has actually been created by Apple as part of the process of trying to solve some of the problems that consumers face with standard credit card options.

Apple has worked with Goldman Sachs to offer a digital service which is tightly integrated with the Apple ecosystem, is managed via the iPhone, and which provides tangible rewards to the user, such as no international fees, no late payment fees, and even rewards like Daily Cash.

As always, when more concrete information is available, we will be sure to update.

(Source: Bloomberg)

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