Apple Pay Faces Lawsuit Over Alleged Trade Secret Theft
Apple faces new trade secret lawsuit over Apple Pay technology, reigniting years-long legal battle with mobile wallet firm Fintiv.
Matilda
Apple Pay Faces Lawsuit Over Alleged Trade Secret Theft Apple Pay Lawsuit Sparks Legal Storm Over Trade Secrets Apple Pay, one of the most widely used mobile payment systems, is at the center of a renewed legal battle. A Texas-based company, Fintiv, has filed a trade secret lawsuit alleging that Apple misappropriated confidential technology to create Apple Pay. The complaint claims Apple violated federal and state RICO and trade secret laws by taking proprietary mobile wallet information from Fintiv’s predecessor under false pretenses. This lawsuit, filed in Georgia, could reshape the ongoing conversation around tech partnerships, intellectual property rights, and the lengths major tech firms go to in pursuit of innovation. Image : Google Allegations Behind the Apple Pay Trade Secret Lawsuit At the core of Fintiv’s lawsuit is a claim that Apple approached CorFire—Fintiv’s predecessor—between 2011 and 2012 under the pretext of a legitimate business collaboration. According to the complaint, Apple entered into non-disclosure agreements to access…