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Banks and Credit Unions to Team Up Against Apple Pay Fees

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.

Why now: An antitrust lawsuit over Apple Pay fees is moving forward, prompting banks to organize a joint response.

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Evidence

• Banks and Credit Unions to Team Up Against Apple Pay Fees · Brajeshwar · 95

API: https://socialmediatrends-api.osmike.com/v1/trends/1264