> “because we care about your privacy, we have partnered with Bank X to develop the first credit card with truly private transactions”
It would have been awesome if Apple provided the lender and Visa/Mastercard/AMEX with a non-transferable license to use client/transaction data with Apple being the owner of the data.
Couldn’t that still be the deal? Certainly Goldman is in a position to use this data for something profitable in-house that doesn’t seriously impact privacy at an individual level (there are probably valuable signals in the transaction data when it comes to algorithmic trading), and it seems out of step with their broader privacy strategy for Apple to give Goldman unfettered rights to use the data however they want.
It would have been awesome if Apple provided the lender and Visa/Mastercard/AMEX with a non-transferable license to use client/transaction data with Apple being the owner of the data.