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Apple sued over monopoly on the tap-to-pay market

By Gaia Lamperti

July 20, 2022

  • Apple
  • California
  • credit union

On Monday, tech giant Apple was sued over Apple Pay, the iPhone e-wallet, with accusations of an antitrust violation. The class-action complaint was filed in San Francisco federal court by Affinity Credit Union, an Iowa-based chartered credit union, accusing the company of fending off competition from other payment card issuers. According to the lawsuit, Apple “coerces” consumers […]

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