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.

 

 


France demands EU-Mercosur trade pact signing be put off

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France demands EU-Mercosur trade pact signing be put off

  • “France asks that the deadlines be pushed back to continue work on getting the legitimate measures of protection for our European agriculture,” said the statement

PARIS, France: France on Sunday urged the European Union to postpone the deadlines set for signing a free trade agreement with South American bloc Mercosur, rejecting the deal in its current form.
In a statement from Prime Minister Sebastien Lecornu’s office, Paris said the conditions were not in place for EU member states to vote on the agreement.
“France asks that the deadlines be pushed back to continue work on getting the legitimate measures of protection for our European agriculture,” said the statement.
European Commission President Ursula von der Leyen is due in Brazil on Monday for talks to finalize the landmark pact with the Mercosur bloc, which includes Brazil, Argentina, Uruguay, and Paraguay.
But Brussels first has to get the approval of the EU member states over the coming week.
“Given a Mercosur summit is announced for December 20 (Saturday), it is clear in this context that the conditions have not been met for any vote (by states) on authorizing the signing of the agreement,” said the statement from Paris.
Earlier Sunday, in an interview published in the Germany financial daily Handelsblatt, France’s Finance Minister Roland Lescure made France’s objections clear.
“As it stands, the treaty is simply not acceptable,” he said.
Securing robust and effective safeguard clauses was one of the three key conditions France set before giving its blessing to the agreement, he added.
The other key points were requiring the same production standards faced by EU farmers and establishing “import controls.”
“Until we have obtained assurances on these three points, France will not accept the agreement,” said Lescure.
European nations are poised to vote on the trade agreement between Tuesday and Friday, according to EU sources.
The European Parliament votes Tuesday on safeguards to reassure farmers — particularly those in France — who are fiercely opposed to the treaty.
If approved, the EU-Mercosur agreement would create a common market of 722 million people.
It is intended to allow the EU to export more cars, machinery, wine, and other goods, and will also facilitate the entry into the European Union of beef, poultry, sugar, honey, and other products.
Farmers in France and some other European countries say it will create unfair competition due to less stringent standards, which they fear could destabilize already fragile European food sectors.