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Apple is ordered to face Apple Pay antitrust lawsuit (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 1 year ago (1 children)

This is the best summary I could come up with:

Sept 27 (Reuters) - Apple (AAPL.O) was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet.

U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal Sherman antitrust law by enforcing a 100% monopoly over the domestic market for tap-and-pay wallets for iPhones, iPads and Apple Watches.

Apple, based in Cupertino, California, did not immediately respond to requests for comment.

"There are billions at stake so getting by the motion (to dismiss) largely intact was huge for the class."

They said Apple "coerces" people who use its smartphones, tablets and smart watches into using its own wallet for tap-and-pay transactions, unlike makers of Android-based devices that let people choose wallets such as Google Pay and Samsung Pay.

European Union antitrust regulators accused Apple in May 2022 of abusing its dominance in iOS devices and mobile wallets.

The original article contains 355 words, the summary contains 159 words. Saved 55%. I'm a bot and I'm open source!

[–] [email protected] 1 points 1 year ago

antitrust lawsuit by payment card issuers

This is to benefit payment card issuers, not users, and you probably don’t want their “innovation”.