Hey tech fam 😊, Apple's in the hot seat! A Texas firm called Fintiv claims Apple Pay's slick payment moves are built on stolen trade secrets from CorFire, a startup Fintiv acquired in 2014. We're talking hundreds of millions of iPhones, iPads, Apple Watches, and MacBooks. 📱🔒
What's at stake?
- Trade secret drama: Fintiv says CorFire tech underpins Apple Pay's seamless payment flow.
- Big numbers: The tech is reportedly in hundreds of millions of devices. 💰
- Apple's silence: No official response yet — we're all on pins and needles.
So, what's a trade secret? Think of it like a secret recipe—only instead of biryani masala, it's code that powers your tap-and-go payments. If Fintiv wins, Apple may have to pay up or tweak how Apple Pay works. 😬
Why should you care? In South Asia and Southeast Asia, mobile wallets are part of everyday life. Whether you're splitting a Grab ride fare, grabbing banana cue at a night market, or settling the bill at your favorite teh tarik stall, this lawsuit could reshape how you pay. ☕🛵
Stay tuned as this legal battle unfolds — we'll keep you in the loop on every twist and turn. In the fast-paced world of digital payments, things can change in a flash. ⚡
Reference(s):
Lawsuit accuses Apple of stealing trade secrets to create Apple Pay
cgtn.com
