Industry experts expect the mobile payment industry to balloon in the coming years, especially with the introduction of Apple Pay, which has already lead to controversy. Now, reports say lawyers are bracing for a new wave of patent wars stemming from the mobile commerce industry’s anticipated growth.
Reports say lawyers across the US are looking at how the mobile payments industry will give rise to new legal disputes including software patent infringement.
And as new competitors emerge, reports say, lawyers also expect to see antitrust disputes within mobile payments, an industry that combines payments and telecommunications, both of which have a long history filled with antirust law suits.
Antitrust partner at Paul Hastings, Thomas Brown, describes the industry as the “Reese’s peanut butter cup of antitrust.”
”You have two things that taste great separately – telecommunications and payments, and you put them together,” a combination that will likely lead to new antitrust litigation through disputes over collusion and exclusion.
Apple is just one company that could face antitrust challenges with its mobile payments system. The company launched Apple Pay last month, and retailers, including CVS, are refusing to take the technology as payment. The dispute has not yet lead to legal action.
Full content: The Recorder
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon