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Antitrust Lawsuit Targets Apple, Visa, and Mastercard for Alleged Collusion in Payment Card Services

Conspiracy Claims Surface, Alleging Stifling of Competition and Artificially Higher Fees in Point-of-Sale Transactions

NEWS  News  December 17, 2023  Reading time: 2 Minute(s)

Apple and financial powerhouses Visa and Mastercard find themselves entangled in an antitrust class action lawsuit, accused of orchestrating a conspiracy that stifles competition in the realm of point-of-sale payment card services. Filed on Thursday, the lawsuit alleges that the trio engaged in unlawful agreements, ultimately resulting in merchants paying inflated fees for credit and debit transactions. Read more


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