Bank of America's tech chief says there's nothing new about the Apple Card

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Bank of America's Cathy Bessant joins a few industry voices, including analysts at Goldman Sachs, the bank partner for the Apple Card, to downplay the new card.

Bank of America's technology and operations chief Cathy Bessant isn't losing sleep over Apple's new credit card.

"My reaction when I saw the announcement was, first competitively, all of the features that are in that card are offerings we have today," Bessant said on Squawk Alley."The card plastic for swiping itself all the way through to the mobile and electronic wallet."

Source: News Formal (newsformal.com)

 

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Except for the bio metric iOS based numberless titanium with 2% daily cash back part. But keep that same energy while Apple makes your credit card business obsolete.

I Have 3 BofA cards. How do I get those features $BOA jimcramer 😂😂😂

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