This page was translated using AI and Machine Learning.
(pocket-lint) – Apple may soon introduce its own credit card in the UK. It has acquired British startup Credit Kudos, prompting speculation that it is a move to bring Apple Card to regions outside the United States.
Credit Kudos is an Account Information Service Provider (AISP) which is basically a credit rating agency that checks whether applicants have the means to repay loans.
A lender — Apple Card, for example — contacts an agency when a customer applies for credit to assess whether to accept the application. So the purchase of its credit-checking company in the UK is a good sign that Apple is looking to expand the reach of its internal finance department.
The acquisition was made without much fanfare, although the UK-registered company’s terms of service now refer to it as an “Apple subsidiary”.
Apple Card was launched in the United States in 2019 in partnership with Goldman Sachs and Mastercard. This includes a digital credit card that appears in the user’s Apple Wallet and a physical Titanium card.
It differs from rival cards in that it only has the user’s name, an engraved Apple logo, and a chip on the front. No bank account or card number. It also does not have any expiry date or CCV number behind it.
To learn more about Apple Card, check out our feature here: What is Apple Card and how does the Apple Card family work?
Written by Rick Henderson.
Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.