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> Why aren’t they suing Visa and MasterCard, when their business model is supposedly the same? Because, again, they are not a monopoly. "The lawsuit takes aim
by chrisjj 10mo ago
> Why aren’t they suing Visa and MasterCard, when their business model is supposedly the same?
Because, again, they are not a monopoly.
"The lawsuit takes aim at Apple Pay, which they say has been the only contactless payment service available for iPhone users in Britain over the past decade."
- manuelabeledo 10mo agoBut that’s not true. As I said, it was made available to third parties in 2024. Again, it’s disingenuous to claim that Apple is a monopoly, while ignoring the fact that two companies have dominated the entire card network market for decades. Also, there’s no such thing as a “monopoly” on payments in their own platform. If that were true, anyone could sue American Express, the payment network, for not offering Visa cards. Completely absurd.
- chrisjj 10mo agoThe clue is in "mono".
- manuelabeledo 10mo ago“Monopoly” is a legal term, not something anyone can make up on the go. Anyway, it’s quite clear to me that this lawsuit, if it was truthfully about damages to consumers, should have been directed towards banks and credit card issuers.