Call me back when there are actual consequences…
this post was submitted on 28 Sep 2023
6 points (100.0% liked)
BrainWorms
1177 readers
170 users here now
Hey, welcome to BrainWorms.
This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness
founded 1 year ago
MODERATORS
This is the best summary I could come up with:
California Northern District Judge Jeffrey White partially denied (PDF) Apple’s request to dismiss a proposed federal class action lawsuit over Apple Pay, reports Reuters.
Three credit unions argued Apple violated the Sherman Anti-Trust Act by charging too much in processing fees and being too exclusionary by not letting other digital wallets access its NFC-scanning hardware.
The judge agreed with the credit unions’ argument that because QR code payment apps (like Venmo) lack Apple Pay’s convenience and functionality, and it's too expensive to switch to Android, iOS tap-to-pay is a market unto itself.
And Apple is the only player in a certain market that would have other competition if not for that little NFC reader detail that makes it a monopoly say the lawyers.
No NFC access for third-party apps sounds anticompetitive to Judge White.
Apple and the credit unions will meet again in court on December 1st at 11AM PT.
The original article contains 260 words, the summary contains 150 words. Saved 42%. I'm a bot and I'm open source!