The Decentralists – Hot Topix: As American as Apple Pay

As reported by the BBC, Affinity Credit Union in Iowa has filed a class action lawsuit against Apple regarding its ‘closed’ payment system, Apple Pay.

The complaint alleges that Apple prevents consumers from using competing mobile wallets capable of offering competing tap and pay solutions. Affinity claims Apple charges banks and credit unions at least $1 billion in excess fees annually for the privilege of using Apple Pay.

Is this surprising behaviour from Apple? Will Apple ever open its iOS ecosystem? Join The Decentralists as we discuss recipes for good ol’ American Apple Pay.