US Judge Grants Class-Action Status to Card Issuers in Apple Pay Antitrust Case

Key Facts

1A judge overseeing an antitrust lawsuit regarding Apple Pay certified a class of payment card issuers.

A judge overseeing an antitrust lawsuit regarding Apple Pay certified a class of payment card issuers. Business Wire reported that the ruling grants class-action status to credit unions and card issuers alleging that Apple generates illicit revenue through mobile wallet fees. The lawsuit claims Apple's policies force issuers to pay for transactions that are free on competing platforms.

AAPL was trading at $339.725 on September 25, 2026, as the company faces increased legal scrutiny over its fintech operations. On the same date, MSFT was trading at $516.975 and GOOGL stood at $343.86. While this certification is a procedural step in the long-running litigation, it significantly increases the potential settlement risks and legal exposure for the company.