Banks win class-action status in Apple Pay antitrust case
A federal judge has approved class-action status for a lawsuit brought by U.S. banks and credit unions against Apple. The suit accuses Apple of using its control over iPhone tap-to-pay technology to block competitors and collect substantial fees from card issuers for Apple Pay transactions. Recent court decisions allow card issuers who paid these fees to band together and seek damages and changes to Apple's policies.
- Class includes U.S. card issuers who paid Apple Pay fees
- Banks allege Apple blocks other tap-to-pay wallets
- Court denied Apple's attempt to exclude expert evidence
- Developers can now access iPhone NFC in supported markets
- Suit seeks fee repayment and policy changes
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