Apple, Visa, and Mastercard have been named in a new antitrust class action lawsuit that accuses the three of conspiring to stifle competition for point-of-sale payment card services. As reported by Reuters, the lawsuit alleges that this has led to merchants paying “artificially higher fees for credit and debit transactions.”
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Apple hit with antitrust lawsuit alleging Apple Pay ‘bribe’ with Visa and Mastercard
Apple, Visa, and Mastercard have been named in a new antitrust class action lawsuit that accuses the three of conspiring to stifle competition for point-of-sale payment card services. As reported by Reuters, the lawsuit alleges that this has led to merchants paying “artificially higher fees for credit and debit transactions.”
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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