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."
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