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Miroslav Trinko Geek, specialty programmer, but journalist by profession. Rider, tennis player and fan of Formula-1. I write about technologies, smartphones and electric vehicles.
In the lawsuit filed with the Atlanta Federal Court, Fintiv states that the key features of Apple Pay are based on Corfire technologies, which it purchased in 2014.
Fittiv reported that in 2011–2012, Apple held a series of meetings from Corfire and signed a non -disclosure agreement, allegedly in order to license its mobile payment technology. Instead, Apple has shown some Corfire staff and used their development to launch Apple Pay in 2014 in the US and other countries.
Fintiv also states that Apple acted as a participant in the illegal scheme using Apple Pay to make money for big banks (eg, JPMorgan Chase, Citigroup, Bank of America) and payment systems, such as Visa and Mastercard. The company calls it “corporate theft” and requires Apple to compensate for losses and a fine for breach of US laws on the protection of commercial secrecy and fight against fraud.
Fintiv lawyer called Apple one of the worst examples of corporate abuse, which he saw in 45 years of practice. Apple has not yet made any comment.
”, – WRITE: mezha.media
Miroslav Trainko Geek, specialty programmer, but journalist by profession. Rider, tennis player and fan of Formula-1. I write about technologies, smartphones and electric vehicles.
In the lawsuit filed with the Atlanta Federal Court, Fintiv states that the key features of Apple Pay are based on Corfire technologies, which it purchased in 2014.
Fittiv reported that in 2011–2012, Apple held a series of meetings from Corfire and signed a non -disclosure agreement, allegedly in order to license its mobile payment technology. Instead, Apple has shown some Corfire staff and used their development to launch Apple Pay in 2014 in the US and other countries.
Fintiv also states that Apple acted as a participant in the illegal scheme using Apple Pay to make money for big banks (eg, JPMorgan Chase, Citigroup, Bank of America) and payment systems, such as Visa and Mastercard. The company calls it “corporate theft” and requires Apple to compensate for losses and a fine for breach of US laws on the protection of commercial secrecy and fight against fraud.
Fintiv lawyer called Apple one of the worst examples of corporate abuse, which he saw in 45 years of practice. Apple has not yet made any comment.