🚨 Apple Sued for “Corporate Theft”? Fintiv Claims Billions Lost in Trade Secrets Scandal 🚨
Apple’s rough patch continues! After lagging in AI and losing top talent to Meta, the tech giant now faces a massive lawsuit from Texas-based Fintiv, accusing it of stealing trade secrets to build Apple Pay. 😳💥
Filed in Atlanta federal court, the suit claims Apple’s mobile wallet tech is rooted in confidential innovations from CorFire, a company Fintiv acquired in 2014. Fintiv says Apple had NDA-backed meetings with CorFire, only to poach its employees and use the protected tech to develop Apple Pay. 🤯📱
The complaint labels this a "corporate theft and racketeering of monumental proportions", allowing Apple to earn billions without paying Fintiv “a single penny.” 💰⚖️
Apple Pay now generates massive fees via giants like JPMorgan, Bank of America, and Mastercard — and Fintiv claims it was all built on a false foundation. 👀
Fintiv’s legal battle with Apple isn’t new. Their prior lawsuit over mobile wallet patents was recently dismissed, but this latest case is gaining traction. The pattern, Fintiv says, extends beyond them — citing Apple’s questionable tactics with Masimo and Valencell in similar tech grabs.
As the case unfolds, the crypto and tech communities are watching closely — not just for justice, but for what this means for IP security in a rapidly evolving digital world. 🌐🔍
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