Apple in Advanced Talks with JPMorgan to Replace Goldman Sachs as Credit Card Partner

Discussions between Apple and JPMorgan Chase have progressed in recent weeks, though a final agreement is still months away.

Apple is negotiating with JPMorgan Chase to take over its credit card program from Goldman Sachs, which has faced significant losses.
Talks began earlier this year and have accelerated recently, but key details like the price and terms are still being negotiated.
JPMorgan seeks to pay less than the $17 billion face value of outstanding Apple Card balances due to higher-than-average delinquencies.
Goldman Sachs is exiting the partnership after its consumer banking strategy, including the Apple Card, resulted in billions of dollars in losses.
Apple has also held discussions with other potential partners, including Synchrony Financial, Capital One, and American Express.