Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

Fintiv accused Apple of leading an informal racketeering enterprise by using Apple Pay to generate fees for credit card issuers. (Reuters/File)
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Updated 08 August 2025
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Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

  • Lawsuit filed by Fintiv says Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014
  • It said Apple stole the technology by luring away CorFire employees, abandoning licensing talks with the Texas-based Fintiv company

Apple has been sued by a Texas company that accused the iPhone maker of stealing its technology to create its lucrative mobile wallet Apple Pay.
In a complaint made public on Thursday, Fintiv said Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014, and now used in hundreds of millions of iPhones, iPads, Apple Watches and MacBooks.
Apple did not immediately respond to requests for comment.
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.
“This is a case of corporate theft and racketeering of monumental proportions,” enabling Cupertino, California-based Apple to generate billions of dollars of revenue without paying Fintiv “a single penny,” the complaint said.
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.
Apple is the only defendant. CorFire was based in Alpharetta, Georgia, an Atlanta suburb.
On August 4, a federal judge in Austin dismissed Fintiv’s related patent infringement lawsuit against Apple, four days after rejecting some of Fintiv’s claims, court records show.
Fintiv agreed to the dismissal, and plans to “appeal on the existing record,” the records show.
The case is Fintiv Inc. v Apple Inc, US District Court, Northern District of Georgia, No. 25-04413.

 

 


Russia attacks two Ukrainian ports, damaging three Turkish-owned vessels

Updated 6 sec ago
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Russia attacks two Ukrainian ports, damaging three Turkish-owned vessels

  • Kyiv says Russia used drones and missiles for strikes
  • Moscow vowed retaliation for Kyiv’s attacks on tanker fleet

KYIV: Russia attacked two Ukrainian ports on Friday, damaging three Turkish-owned vessels including a ship carrying food supplies, Ukrainian officials and one ship owner said, days after Moscow threatened to cut “Ukraine off from the sea.”
Last week, Russian President Vladimir Putin vowed retaliation against Kyiv’s maritime drone attacks on Moscow’s “shadow fleet” tankers thought to be used to export oil, which Kyiv says is Russia’s main source of funding for its almost four-year-old war.
The attack on Friday came hours after Turkish President Tayyip Erdogan told Putin that a limited ceasefire for energy facilities and ports could be beneficial.
Ukrainian President Volodymyr Zelensky posted photos which showed a large fire burning aboard a ship in the port of Chornomorsk in Odesa region, with firefighters tackling the blaze.
“This proves once again that Russians not only fail to take the current opportunity for diplomacy seriously enough, but also continue the war precisely to destroy normal life in Ukraine,” he said.
That vessel’s owner, Cenk Shipping, said the Cenk T vessel had been subject to attack around 1600 Ukraine time (1400 GMT).
There were no casualties among the crew, and damage was limited, it added.
Reuters verified the moment of the attack seen on a video published on X. The vessel in the clip matched Cenk T, and the cranes and buildings matched satellite imagery of the Chornomorsk port.
Fabian Hinz, research fellow for defense and military analysis at the International Institute for Strategic Studies, said the weapon seen was a Russian Geran-2 drone in its loitering configuration.
Russia’s defense ministry did not immediately reply to a Reuters request for comment.
“The strike is aimed at civilian logistics and commercial shipping,” Ukraine’s Deputy Prime Minister Oleksiy Kuleba said.

Navigation safety targeted
Russia attacked Ukrainian ports with drones and ballistic missiles, Kuleba added.
He said that one employee of a private company had been injured in a separate attack on Odesa port, and that a cargo loader had been damaged there.
Ukraine’s navy spokesperson told Reuters that three vessels were damaged in total, all Turkish-owned. But the spokesperson did not provide additional details.
Turkiye’s foreign ministry confirmed damage in the Chornomorsk port, adding that there were no reports of injured Turkish citizens.
Reuters was able to verify the vessel by the design and name of the bow that matched file imagery of the Cenk T vessel.
“We reiterate the need for an arrangement whereby, in order to prevent escalation in the Black Sea, attacks targeting navigational safety as well as the parties’ energy and port infrastructure are suspended,” the ministry’s statement said.
The three large Black Sea ports in the Odesa region are a key economic artery for Ukraine, which is a major commodities exporter.
In addition to the attacks on Moscow’s “shadow fleet” tankers, Ukraine has ramped up pressure on Russia by hitting targets in the Caspian Sea this week, including vessels allegedly carrying military equipment and a major oil rig.