After 18 months of secret development with Apple and Goldman Sachs Mastercard plans to bring to digital first features of the Apple Card to other issuers; Mastercard’s Executive VP of Cyber Intelligence and Data Services for North America spoke at SourceMedia’s annual Card Forum to explain what the company has in store; “This is digital first. This is, all card details are only available in the digital environment,” Reid said according to American Banker. “Yes it comes with a physical card if you want it — if the consumer wants it”; Mastercard has not announced any additional issuers yet but Reid says banks can launch a card on the platform in 6 months; digital first cards are becoming a trend in banking with Barclays launching a card for Uber riders and other banks exploring similar products. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.