Gaming

Apple is facing a monopoly lawsuit over its Apple Pay payment service


Apple is facing a monopoly lawsuit over its Apple Pay payment service



Manzana integrated its mobile payment system Apple Pay several years ago, but now may face a class action lawsuit by monopoly in this payment system. Apple forces users of its mobile phones to use Apple Pay without the possibility of using another means of payment. In Android you have several platforms where you can choose the one that best suits you, but at Apple there is no other way, thus driving away the competition of the Apple Pay system itself.

Geeknetic Apple is facing a monopoly lawsuit over its Apple Pay 1 payment service

This has caused up to 4,000 banks in the United States to adopt the apple company’s payment system, which pays over $1 billion in fees every year. These rates come from 0.15% that Apple charges in credit transactions and $0.5 for debit transactions. He has also argued that, without competition, no motivation to improve the platform to make it more secure against possible attacks.

Geeknetic Apple faces a monopoly lawsuit over its Apple Pay 2 payment service

In the petition, it is requested that cease Apple Pay activity, in addition to financial compensation. A situation similar to the one in Europewhere the apple manufacturer has also been sued for abuse of power using Apple Pay and refuse to give access to this technology to other developers.

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Article Writer: Juan Antonio Soto

Juan Antonio Soto

I am a Computer Engineer and my specialty is automation and robotics. My passion for hardware began at the age of 14 when I gutted my first computer: a 386 DX 40 with 4MB of RAM and a 210MB hard drive. I continue to give free rein to my passion in the technical articles that I write in Geeknetic. I spend most of my free time playing video games, contemporary and retro, on the more than 20 consoles I have, in addition to the PC.

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