GoKawiilJudge grants class-action status to banks' antitrust suit over Apple Pay fees
U.S. District Judge Jeffrey White certified a class of banks and credit unions that issued Apple Pay-enabled cards and paid transaction fees to Apple, allowing them to jointly pursue a 2022 lawsuit. The judge also rejected Apple's bid to strike expert testimony plaintiffs say demonstrates Apple's monopoly over mobile wallets. The suit claims Apple has collected up to $1 billion a year by requiring card issuers to pay 0.15% on credit transactions and half a cent on debit transactions while blocking rival wallets from the iPhone's NFC chip.