Apple, Visa, Mastercard face lawsuit over high merchant fees

Apple has been named in a proposed class-action lawsuit alongside Mastercard and Visa, over claims of conspiracy to cut competition and make merchants pay higher fees for credit and debit card transactions.Apple PayFiled on Thursday at the East St. Louis, Illinois Federal Court, merchant Mirage Wine & Spirits alleges that Apple made agreements with Visa and Mastercard to not compete against the two incumbent credit card firms. Read more...