Judge Certifies Apple Pay Antitrust Class Action
5 articles • Started about 1 month ago • Last updated about 1 month ago
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At a Glance · AI-generated
A federal judge on September 25 certified a class action antitrust lawsuit against Apple over fees charged to credit unions and banks for Apple Pay transactions. The certification allows thousands of financial institutions to proceed with the case as a unified group rather than filing individual suits. The lawsuit challenges Apple's practice of charging card issuers fees to process payments through its digital wallet service. Banks and credit unions claim the fees constitute anticompetitive conduct that violates antitrust law.