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Hacker News front pageJuli Clover1 min readintro

Banks and Credit Unions to Team Up Against Apple Pay Fees

Read on macrumors.comHN 126·130 comments

Summary

A 2026 antitrust lawsuit has been certified, allowing banks and credit unions to sue Apple over its Apple Pay fees, which total up to $1 billion annually. The case could compel Apple to open NFC access to competing wallets and alter its fee structure.

  • Apple charges card issuers 0.15% per credit transaction and $0.005 per debit transaction for Apple Pay usage.
  • A class-action lawsuit certified in 2026 could force Apple to repay fees and change its NFC policy.
  • iOS 18.1 now allows developers to access the NFC chip for contactless payments in several countries.
  • If Apple is forced to support competing wallets, its fee revenue could be significantly reduced.

Payment engineers and fintech teams should monitor this case as it may reshape fee models and NFC access on iOS devices.

3/10
paymentsapple payantitrust

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