Apple faces lawsuit over theft of mobile wallet technology claims
Apple is reportedly facing a lawsuit from Texas-based Fintiv, which claims the tech giant misappropriated proprietary technology to build its mobile payment platform, Apple Pay. The complaint, filed in federal court in Atlanta and made public on Thursday (August 7), accuses Apple of leveraging innovations originally developed by CorFire—a company Fintiv acquired in 2014—to power Apple Pay across its ecosystem of iPhones, iPads, Apple Watches and MacBooks.
As per a report by news agency Reuters, Fintiv claims that Apple held multiple meetings with CorFire in 2011 and 2012, entering into nondisclosure agreements with the intent of licensing CorFire’s mobile wallet technology.
