US Edition
Lawsuit accuses Apple of stealing trade secrets to create Apple Pay
NORTHERN DISTRICT OF GEORGIA, ATLANTA DIVISION, AUG 7 – Fintiv alleges Apple stole confidential mobile wallet technology under NDAs, then hired key employees to develop Apple Pay, a service generating billions annually, the lawsuit states.
- New York-based law firm Kasowitz LLP today filed a lawsuit in the Northern District of Georgia, Atlanta Division, alleging Apple, Inc. stole mobile wallet technology for Apple Pay.
- Following earlier dismissals, Fintiv has pursued legal action against Apple since 2018 over patent claims, with a Texas judge ruling no infringement earlier this week.
- In its complaint, Kasowitz LLP alleges Apple obtained confidential technical information under NDAs from CorFire between 2011 and 2012, which Fintiv asserts was used to develop Apple Pay.
- In Atlanta federal court, Fintiv seeks damages, alleging Apple’s racketeering activity and fees generated for issuers like Bank of America, calling it 'one of the most egregious examples of corporate malfeasance.'
- Considering Apple’s $3 trillion valuation, Apple Pay is used on hundreds of millions of devices and generates billions annually, the complaint alleges.
30 Articles
30 Articles
Apple pushes back on Fintiv's latest litigious attempt to profit off Apple Pay
Fintiv, a firm you’ve probably only heard of in the context of patent litigation, is once again suing Apple over Apple Pay. Apple’s secure mobile payment solution launched over a decade ago in 2014. Fintiv has been unsuccessfully suing Apple over Apple Pay since 2018. Apple is not hiding its frustration. In a statement first shared with 9to5Mac, the company accused the Texas-based firm of trying to “distract from their failed patent case” with a…
Apple wanted to react to Fintiv's complaint about Apple Pay and more precisely the technology used. This Texas company accuses the manufacturer of iPhone of an alleged theft of industrial secrets used to develop Apple Pay. Apple's defense after being sued In a statement at 9to5Mac, Apple states [...] Read more... Follow iPhoneAddict.fr on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link A…
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