A Texas company, Fintiv, has filed a lawsuit against Apple, alleging the tech giant stole its technology to develop Apple Pay.

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	Forwarded this email? Subscribe here for more Lawsuit accuses Apple of stealing trade secrets to create Apple Pay MacDailyNews Aug 8   READ IN APP   Apple Pay A Texas company, Fintiv, has filed a lawsuit against Apple, alleging the tech giant stole its technology to develop Apple Pay. In a complaint disclosed Thursday, Fintiv claims Apple Pay’s core features stem from technology created by CorFire, acquired by Fintiv in 2014, and now utilized in hundreds of millions of iPhones, iPads, Apple Watches, and MacBooks. Jonathan Stempel for Reuters: ‎ Fintiv, based in Austin, Texas, said Apple held multiple meetings in 2011 and 2012 and entered nondisclosure agreements with CorFire aimed at licensing its mobile wallet technology, to capitalize on fast-growing demand for contactless payments. Instead, and with the help of CorFire employees it lured away, Apple used the technology and trade secrets to launch Apple Pay in the United States and dozens of other countries, beginning in 2014, the complaint said. Fintiv also said Apple has led an informal racketeering enterprise by using Apple Pay to generate fees for credit card issuers such as Bank of America, Capital One, Citigroup, JPMorgan Chase, and Wells Fargo, and the payment networks American Express, Mastercard and Visa… In a statement, Fintiv’s lawyer Marc Kasowitz called Apple’s conduct “one of the most egregious examples of corporate malfeasance” he has seen in 45 years of law practice. The lawsuit in Atlanta federal court seeks compensatory and punitive damages for violations of federal and Georgia trade secrets and anti-racketeering laws, including RICO. ‎ MacDailyNews Take: It’ll be interesting to see how this case ends. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Lawsuit accuses Apple of stealing trade secrets to create Apple Pay appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe