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…

Read More

Square system will now accept payments from Cash App mobile wallet

Mobile wallet - Square In-Store Payments

This feature is rolling out for merchants using the checkout system for in-person transactions. Square Inc (NYSE stock symbol SQ) has announced that it intends to allow CASH APP mobile wallet users to make purchases with the application when shopping in-person with merchants using its payment processing technology. The company is seeking to boost integration between its consumer and vendor business sides. The company has announced that users of the mobile wallet will be able to make in-store payments with their application either by scanning the merchant’s Square QR code…

Read More