In a bold move, Texas-based fintech company Fintiv has filed a lawsuit accusing Apple of misappropriating trade secrets to build its mobile wallet giant, Apple Pay.
The complaint, unveiled on Thursday, claims that Apple Pay's core features mirror technology originally developed by CorFire. Fintiv acquired CorFire in 2014, and today those systems power payment functions on hundreds of millions of iPhones, iPads, Apple Watches, and MacBooks.
At stake is more than just a payout: this case could redefine how tech titans collaborate—or clash—over intellectual property. Industry watchers say the outcome may influence future partnerships between startups and established players, especially in the fast-evolving payments landscape.
Apple has yet to publicly respond to Fintiv's allegations. As the lawsuit moves forward, digital wallet users and tech observers around the globe will be watching closely, eager to see if this legal battle reshapes the mobile payments game.
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Lawsuit accuses Apple of stealing trade secrets to create Apple Pay
cgtn.com
