Complaint: Apple Pay charges card companies monopoly rents (Philip Elmer-DeWitt/Apple 3.0 – Philip Elmer-DeWitt)

Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Complaint: Apple Pay charges card companies monopoly rents – Card issuers pay a reported $1 billion annually in fees on Apple Pay and $0 for accessing functionally identical Android wallets. From Affinity Credit Union vs. Apple Inc., filed Monday in U.S. District Court, Northern District of California: In contrast to the Android ecosystem, there is only one tap and …

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