Group 1 - JPMorgan Chase and Apple are reportedly close to finalizing a deal for JPMorgan to become Apple's credit card partner, with negotiations accelerating since early 2024 [1][2] - The Apple Card was initially launched in March 2019 in partnership with Goldman Sachs and Mastercard, but Apple is now looking to exit its contract with Goldman Sachs due to dissatisfaction with the partnership [3][4] - Goldman Sachs has expressed intentions to offload the partnership after incurring significant losses, making JPMorgan Chase a likely successor for managing Apple's card program [4] Group 2 - JPMorgan Chase has a significant existing relationship with Apple, being an early partner in Apple Pay and one of the largest credit card partners for transactions at Apple retail outlets [5] - The Consumer Financial Protection Bureau (CFPB) has indicated it would fine Apple and Goldman Sachs over $89 million for alleged customer service violations related to the Apple Card, which affected hundreds of thousands of users [5][6]