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Apple hit with antitrust lawsuit alleging Apple Pay ‘bribe’ with Visa and Mastercard

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.”

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