CoreCard at risk of losing Apple card business, WSJ reports

CoreCard (CCRD) is at risk of losing its credit card business with Apple (AAPL) (APPL), the company’s largest client, with Apple looking to end its partnership with Goldman Sachs (GS), AnnaMaria Andriotis of Wall Street Journal reports. JPMorgan (JPM) is in advanced talks with Apple to take over as the company’s card issuer from Goldman, the Journal previously reported. CoreCard CEO Leland Strange has said publicly that the company could lose its Apple credit card if JPMorgan were to take over, according to the paper. Euronet (EEFT) announced last week it would buy CoreCard for $248M or $30 per share in an all-stock deal.