Apple sued over mobile payments market competition abuse allegations

Mobile payments - Apple - Lawsuit

Venmo and Cash App customers have filed a class action lawsuit against the iPhone maker. PayPal’s Venmo and Block’s Cash App customers have sued Apple Inc. in a proposed class action lawsuit accusing the iPhone maker of having required consumers to pay “rapidly inflating prices” by manipulating mobile payments market competition. The class action lawsuit was filed by four customers from Georgia, Hawaii, New York and South Carolina. The mobile payments competition lawsuit was filed in a San Jose, California federal court. The filing accuses Apple of having violated US…

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Stripe rolls out tap mobile payments for NFC-enabled Android devices

Mobile payments - tap payments

The service, already available for Apple device users since last year, is now widening its reach. Stripe has announced that it is expanding its Tap to Pay mobile payments feature to Android devices that are enabled with near field communication (NFC) technology. The financial services company was the first company to become a Tap to Pay partner with Apple. The partnership between Apple and Stripe made it possible for any NFC enabled Apple device – from the iPhone to the Apple Watch – into a device that can be used…

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Apple Pay swipes Starbucks’ long-held mobile payments crown

Apple Pay - Woman holding mobile phone with Starbucks case

The coffee chain has been the benchmark for m-payments success but no longer has the most users. For the first time, a general purpose mobile payments app has become more popular than Starbucks’ own as Apple Pay climbs to the top spot. The Seattle-based coffee company has been the gold standard for mobile payments success. New eMarketer Inc. data showed that Apple Pay now has more users than the Starbucks mobile payments service. Never before has a general purpose payment app been more popular than that of the coffee retailer.…

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Apple Pay in Canada gets a huge boost as all Big 5 banks prepare for launch

apple pay in canada

Mobile payments are on the rise among Canadian consumers and they’re about to gain access to a large player. The entry of Apple Pay in Canada has now been announced and consumers in that country will be able to take advantage of that mobile payments service, as long as they have a compatible iPhone and an account with one of the Big 5 banks in the country. All five of the largest Canadian financial institutions have announced that they were preparing for the service. As of Tuesday, all major credit…

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Alibaba shows interest in mobile payments from Apple Pay

iOS 8 iphone 6 apple mobile security

The company’s executive chairman, Jack Ma, has expressed his willingness to work with the American company. Jack Ma, the executive chairman of Alibaba Group Holdings, has now stated that he is open to working with Apple Inc through the use of its mobile payments service called Apple Pay, which recently launched in the United States and has been swimming in controversy ever sense. At the same time as retailers shut down NFC terminals to block Apple Pay, the richest person in China is considering its adoption. This move is part…

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