• Apple is ordered to face Apple Pay antitrust lawsuit

    From badgolferman@21:1/5 to All on Wed Oct 4 14:43:02 2023
    Sept 27 (Reuters) - Apple (AAPL.O) was ordered on Wednesday to face a
    private antitrust lawsuit by payment card issuers accusing the company
    of thwarting competition for its Apple Pay mobile wallet.

    U.S. District Judge Jeffrey White said the plaintiffs could try to
    prove that Apple violated the federal Sherman antitrust law by
    enforcing a 100% monopoly over the domestic market for tap-and-pay
    wallets for iPhones, iPads and Apple Watches.

    The Oakland, California-based judge also dismissed a "tying" claim,
    which accused Apple of requiring purchasers of iOS devices to buy Apple
    Pay or forego purchases of competing wallets.

    Apple, based in Cupertino, California, did not immediately respond to
    requests for comment.

    "We are happy with this ruling," Steve Berman, a lawyer for the
    plaintiffs, said in an email. "There are billions at stake so getting
    by the motion (to dismiss) largely intact was huge for the class."

    The proposed class action is led by Illinois' Consumers Co-op Credit
    Union, and Iowa's Affinity Credit Union and GreenState Credit Union.

    They said Apple "coerces" people who use its smartphones, tablets and
    smart watches into using its own wallet for tap-and-pay transactions,
    unlike makers of Android-based devices that let people choose wallets
    such as Google Pay and Samsung Pay.

    According to the complaint, Apple's conduct forces more than 4,000
    banks and credit unions that use Apple Pay to pay at least $1 billion
    of excess fees, and harms consumers by minimizing the incentive to make
    Apple Pay safer and easier to use.

    White said the plaintiffs plausibly alleged that Apple allow
    alternatives to Apple Pay, and that more competition would spur
    innovation and reduce prices.

    In seeking a dismissal, Apple said it charged "nominal" fees to even
    smaller card issuers, and that the plaintiffs ignored the "competitive
    reality" that consumers could still pay with cash, credit and debit
    cards, and other means.

    European Union antitrust regulators accused Apple in May 2022 of
    abusing its dominance in iOS devices and mobile wallets. The regulators
    have since continued their investigation.

    The case is Affinity Credit Union et al v Apple Inc, U.S. District
    Court, Northern District of California, No. 22-04174.

    https://www.reuters.com/legal/apple-is-ordered-face-apple-pay-antitrust-lawsuit-2023-09-27/

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