Apple Wallet

Banks and credit unions are reportedly banding together to push back against the fees they say Apple charges through Apple Pay, as an antitrust lawsuit over the practice moves forward. The legal challenge targets the commission structure Apple imposes on card issuers for transactions made with its payment service. The outcome could reshape how banks and mobile wallet providers split revenue on contactless payments in the United States.

Banks and credit unions are preparing to join forces against the fees associated with Apple Pay, as an antitrust lawsuit over Apple's payment practices advances. The move signals growing resistance from financial institutions to the cut Apple takes on tap-to-pay transactions, with the case likely to shape how mobile wallet fees are structured in the United States.

Apple's iOS 27 will let users digitize a wide range of physical cards directly into Apple Wallet, extending the app beyond payment cards and passes. Tech outlets are covering the feature as a step toward replacing physical wallets, with interest focused on which card types will be supported and how the scanning process works.