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domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/7\/18\/23269369\/apple-pay-class-action-lawsuit-antitrust-tap-to-pay-eu<\/a> A proposed class action lawsuit is taking aim at Apple Pay, claiming that Apple has an illegal monopoly over contactless payments on the iPhone, letting it force card issuers into paying fees (via Bloomberg<\/em><\/a>). The suit is being kicked off by Iowa-based Affinity Credit Union, which issues debit and credit cards that are compatible with Apple Pay, but the company\u2019s lawyers hope to make it a class-action case so other card issuers can join the lawsuit.<\/p>\n According to the complaint, which you can read in full below, Apple makes over $1 billion a year charging credit card companies up to 0.15 percent per transaction in Apple Pay fees, and yet those same card issuers don\u2019t have to pay anything when their customers use \u201cfunctionally identical Android wallets.\u201d The suit alleges that Apple violates antitrust law by making it so Apple Pay is the only service able to carry out NFC payments on its iPhones, iPads, and Apple Watches. It also says that Apple prevents card issuers from passing on those fees to customers, which makes it so iPhone owners don\u2019t have any incentive to go find a cheaper payment method.<\/p>\n
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