JPMorgan Chase and Apple on Wednesday announced a deal under which the bank will become the new issuer of the Apple Card, replacing Goldman Sachs , further expanding the biggest U.S. bank's credit card franchise.

JPMorgan Chase has reached a deal to take over the Apple credit card from Goldman Sachs, according to a source.

JPMorgan Chase has reached a deal to take over operation of the Apple Card, reports The Wall Street Journal. Barring any "last minute hiccups," the deal should be announced shortly after over a year of negotiations.

Mastercard Inc. will remain the payment-network partner for the credit card, the Cupertino, California-based maker of iPhones and computers said in its statement.

JPMorganChase is taking over the Apple Card from Goldman Sachs. What's at stake: The deal ends more than a year of speculation about which credit card issuer would take over Apple's coveted $20 billion credit card portfolio.

JPMorgan Chase has reached a deal to take over Apple Pay, Apple’s credit card program from Goldman Sachs, reports The Wall Street Journal, quoting unnamed “people familiar with the matter.” The biggest bank in the country will become the new issuer of the tech-giant’s credit card,

After years of Goldman Sachs seeking an exit, a deal may finally be done to transfer Apple Card and Apple Savings to JPMorgan Chase.

JPMorgan Chase (JPM) struck a deal to acquire the Apple (AAPL) credit-card program from Goldman Sachs (GS), according to a media report on Wednesday, a transaction that would further bolster Chase's already envious position in consumer credit.