Apple to face antitrust lawsuit over Apple Pay dominance
Image Credit: isp.page
Apple is now facing an antitrust lawsuit over its Apple Pay mobile wallet, with three credit unions leading the charge. The unions claim that the company has violated the Sherman Anti-Trust Act by imposing excessive processing fees and preventing other digital wallets from using its NFC-scanning hardware. The plaintiffs argue that this lack of competition in the iOS tap-to-pay market is bad news for consumers and that Apple's monopoly is due to its exclusive control of the iPhone's NFC reader.