Payments News Update - July 22, 2022
Posted 07/22/22
Legal and Regulatory Developments
SPOTLIGHT: Lawsuit Accuses Apple of Antitrust Violations Over Apple Pay
Reuters – July 18, 2022
Apple Inc (AAPL.O) was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet.
According to a complaint filed in San Francisco federal...