"The financial campaigner James Daley has launched a 1.5bn class action lawsuit against Apple over its mobile phone wallet, claiming the US tech company blocked competition and charged hidden fees that ultimately harmed 50 million UK consumers. The lawsuit takes aim at Apple Pay, which they say has been the only contactless payment service available for iPhone users in Britain over the past decade."
"Daley said: People will have no idea they've been paying more for everyday banking because of the way Apple has operated Apple Pay. By shutting out competition and charging hidden fees, Apple has pushed up costs for millions of consumers. Shockingly, this doesn't just affect Apple Pay users or iPhone owners. Banks have passed these costs on to all customers, meaning everyone is paying the price."
"Apple said in a statement that the lawsuit was misguided and should be dismissed, adding: Apple Pay is a seamless and secure way for users to make contactless payments, and one of many payment options available to consumers. Apple does not charge fees to consumers or merchants for using Apple Pay, and banks see meaningful benefits from offering Apple Pay to their customers most notably fraud reduction."
James Daley launched a 1.5bn class action against Apple alleging the company blocked competition in its mobile wallet and charged hidden fees that harmed 50 million UK consumers. The suit targets Apple Pay, asserting it was the only contactless payment option for iPhone users in Britain for a decade and that banks faced higher costs which they passed to all customers. The case is the first UK legal challenge over Apple Pay and has been filed at the Competition Appeal Tribunal. Regulators including the Competition and Markets Authority and the Payments Systems Regulator have begun scrutiny. Apple said the claim is misguided, that Apple Pay does not charge consumers or merchants and provides fraud-reduction benefits.
Read at www.theguardian.com
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