Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors.
The Purchase, N.Y.-based card network hinted last year that Apple Card’s streamlined model would not remain exclusive.
Now processors including FIS, Fiserv, TSYS, Galileo, Marqeta, i2c and PTS are adopting Mastercard’s tokenized Digital Card First Program for their card issuers, Mastercard said in a Wednesday press release.
The move comes about a year after the Apple Card launched from Goldman Sachs on Mastercard’s platform, introducing a combination of streamlined features including an online application, near-instant issuance and activation, in-app account management and an optional physical card.
Apple Card was first announced in March 2019 and it has been a hit with credit card customers, according to Goldman Sachs and Apple, though the companies have not disclosed the number of accounts or their