Posted On 10 Sep 2019
New Apple Card for iPhone
Having trialed its new digital credit card, the Apple Card, with employees and test groups, Apple has now made its MasterCard iPhone based credit card available to the wider public.
The new credit card is designed to be run from the Wallet app on all iPhones running iOS 12.4 and above. A matching physical card can be ordered in-app.
The card claims to remove a long-standing bugbear of credit card users, i.e., the difficulty in tracking transactions when vendors don’t use their business names on statements; Apple will show full names and type of spending whenever feasible. Apple Card users will get 3% cashback on any purchases of Apple goods or services, 2% if using the Apple Pay digital payment process, and 1% if using the physical Apple Card. There will also be 3% cashback on all purchases from Uber or Uber Eats, with more companies promised in future.
Apple claims that the new card will offer ease-of-use, transparency, and security
at a new level. As the card is backed by Goldman Sachs, there was speculation that only high-income customers will be accepted for the card, but it seems most people with a good credit rating will be accepted, although as with other cards the limits could vary considerably. Interested customers can apply for the card directly from the Wallet app on their iPhones.
Huawei License Extension
As widely predicted, the US Department of Commerce has awarded Huawei an additional 90-day Temporary General License to operate in the US so that customers will still be supported up to November 18. Wilbur Ross, Secretary of Commerce, stated that while the government still was urging customers to move away from using Huawei products,
more time is needed during which users are entitled to the support they need.
Huawei was originally banned from dealing with US companies in May, due to allegations that the company has frequently acted as a front for espionage activities on behalf of the Chinese government, but it was immediately granted a 90-day license to continue operating temporarily, which ran out on August 19.