Us Card Issuer Sues Apple For Monopoly Over Apple Pay
The Verge reports that Iowa-based Affinity Credit Union has filed a lawsuit against the company, specifically its Apple Pay feature. The card issuer’s lawyers are also hoping to extend it into a class-action lawsuit so that other card issues can join in. At the core of the complaint is that Apple charges credit card companies up to 0.15% per transaction in Apple Pay fees. While this looks to be a small amount, the suit claims that the iPhone maker makes over US$1 billion (~RM4....