Tech giant Apple is in hot water after a Texas-based company, Fintiv, filed a lawsuit accusing it of using stolen trade secrets to develop its widely popular Apple Pay system. The complaint, made public Thursday, claims Apple leveraged technology originally created by CorFire—a firm Fintiv acquired in 2014—to power its mobile wallet features across iPhones, iPads, Apple Watches, and MacBooks. 💸📱
Fintiv alleges Apple Pay’s core functions, now used by millions globally, are based on innovations developed by CorFire. The lawsuit highlights rising tensions in the fintech space as companies race to dominate digital payment markets. Apple has yet to respond to the allegations. 🕵️♂️
With Apple Pay generating billions annually, this legal battle could have major implications for the future of mobile transactions. Stay tuned as this story develops! ⚡️
