Banks and Credit Unions to Team Up Against Apple Pay Fees
Summary
MacRumors reports that a class-action antitrust lawsuit against Apple Pay is moving forward, enabling banks and credit unions to sue over NFC-based fees. The suit claims Apple illegally blocks competitor wallets by controlling NFC access, charging card issuers a fee for Apple Pay transactions. It notes updates to iOS that allow NFC payments in apps and that plaintiffs seek repayment of fees and injunctive relief.