US EditionApple, Mastercard, and Visa Convince Judge to Dismiss Lawsuit
ILLINOIS, UNITED STATES, JUL 10 – Judge ruled plaintiffs provided insufficient evidence to prove Apple, Visa, and Mastercard colluded to keep merchant fees high, but merchants may amend and refile within 30 days.
- In 2023, Apple, Visa, and Mastercard convinced U.S. District Judge David Dugan to dismiss a lawsuit filed by Mirage Wine & Spirits alleging collusion to suppress competition.
- The lawsuit claimed Visa and Mastercard paid Apple hundreds of millions annually to avoid Apple creating a rival payment network, but plaintiffs relied on circumstantial and speculative allegations.
- The judge noted plaintiffs provided insufficient evidence, highlighted Apple's contractual right to compete, and stated claims ignored the risks of building a new network while allowing a complaint amendment within 30 days.
- The lawsuit stated that Apple earned a fee of 0.15% on credit card payments made in the United States and received half a cent for each debit card transaction processed through Visa and Mastercard networks, services that were subsequently made accessible to third-party developers in compliance with the EU Digital Markets Act.
- The dismissal supports continued dominance of established payment networks, while mobile wallet use, including Apple Pay, grows and plaintiffs may amend the complaint or face dismissal with prejudice.
18 Articles
18 Articles
Lawsuit Over Apple Pay ‘Bribe’ Dismissed, Merchants Given 30 Days
A federal judge has tossed out a lawsuit accusing Apple, Visa, and Mastercard of colluding to keep credit and debit card transaction fees high, but merchants have 30 days to file an amended complaint. The case, originally brought by Mirage Wine & Spirits and others in 2023, claimed the companies made backroom deals that blocked […] The post Lawsuit Over Apple Pay ‘Bribe’ Dismissed, Merchants Given 30 Days appeared first on The Mac Observer.
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