Hagens Berman: Apple Sued in Massive Antitrust Class-Action Lawsuit Alleging $1 Billion Illicit Annual Revenue Stream from Apple Pay Fees
On iOS devices, Apple has ensured that only its mobile wallet, Apple Pay, can make contactless payments at the point of sale.
- On iOS devices, Apple has ensured that only its mobile wallet, Apple Pay, can make contactless payments at the point of sale.
- Having secured a monopoly for Apple Pay in this fashion, Apple charges card issuers who use Apple Pay supracompetitive fees for a service that is available on Android devices for free, according to the lawsuit.
- If you issue payment cards enabled for use in Apple Pay, find out more about this issue and your rights against Apple.
- And yet, the same service on Android that card issuers pay absolutely nothing for costs them a collective $1 billion annually through Apple Pay.