Apple Card

Banks and credit unions are reportedly banding together to push back against the fees they say Apple charges through Apple Pay, as an antitrust lawsuit over the practice moves forward. The legal challenge targets the commission structure Apple imposes on card issuers for transactions made with its payment service. The outcome could reshape how banks and mobile wallet providers split revenue on contactless payments in the United States.

Banks and credit unions are reportedly forming a coalition to oppose the fees Apple charges for Apple Pay transactions, as an antitrust lawsuit over the practice moves forward. The legal action targets the commissions Apple collects from card issuers on Apple Pay transactions, and financial institutions are now organising jointly to push back against those costs.

A Hacker News post is discussing a retrospective look at the origin of Apple Card, the credit card Apple launched in partnership with Goldman Sachs, as seen fifteen years on from the events described. The article recounts the backstory of how the card came to be. Comments and post activity are limited, so the specific reactions of readers are not clear from the available evidence, but the piece has drawn notable engagement on the site.

Banks and credit unions are reportedly joining forces to push back against the fees Apple charges for its Apple Pay service. The move signals growing resistance among financial institutions to the cut Apple takes on card transactions. The story is drawing attention and debate among technology and finance commentators.

Apple's upcoming iOS 27 is reported to let users digitize many types of physical cards directly into Apple Wallet, expanding what can be stored on an iPhone. The feature would let people replace barcodes and plastic loyalty, membership or access cards with digital versions in one place. The report comes from Gadget Review, and no official confirmation from Apple has been noted, so the exact scope of supported cards and release timing remains to be seen ahead of Apple's next software announcements.