A decade after Apple launched its mobile wallet — with a set of strict terms for any card issuer that wanted to participate, and without allowing anyone to offer an alternative on its handsets — the tech giant is still ruffling feathers in the payments industry.
The latest development, a U.S. Justice Department lawsuit over Apple’s control over its mobile ecosystem, is a repeat of a battle that Apple has fought (and typically won) across the globe. Still, there’s a lot of value in controlling the interactions that consumers have with their mobile devices, and even a small victory could be extremely helpful to the banks and credit unions that have fought Apple all these years.
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