Apple and Goldman Sachs are working together on an Apple MasterCard credit card that would integrate with Apple Pay and offer 2% cash back. The Wall Street Journal
reports that the card would offer unique software features in iPhones, such as setting spending goals, tracking rewards and managing balances from within Apple's Wallet app. Goldman has never offered a credit card before, and is spending $200 million to build the infrastructure to support the new card. The product is about to enter testing with Apple employees. The companies plan to launch it for consumers later this year.