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Fintiv Files RICO and Trade Secrets Lawsuit Against Apple Over Apple Pay

Following a Texas judge’s dismissal of its patent suit, Fintiv seeks damages for what it calls an organized scheme to steal mobile wallet secrets.

A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store at Grand Central Terminal in New York City, U.S., April 14, 2023. REUTERS/Mike Segar/ File Photo
Fintiv sues Apple over Apple Pay and trade secret claims
Did you know Apple is being sued for allegedly stealing everyone's favorite Apple Pay?

Overview

  • Fintiv filed its suit on August 7 in the U.S. District Court for the Northern District of Georgia, accusing Apple of misappropriating its mobile wallet technology to build Apple Pay.
  • The complaint invokes both federal and Georgia RICO statutes alongside trade secret laws, alleging Apple conducted racketeering by partnering with banks and processors to monetize stolen designs.
  • According to the filing, Apple gained confidential technical information under NDAs during 2011–12 meetings with CorFire, then hired key employees and incorporated these trade secrets into Apple Pay’s 2014 launch.
  • The lawsuit seeks compensatory and punitive damages and marks a strategic pivot after Fintiv’s related Texas patent infringement case was dismissed on August 4, with an appeal still pending.
  • Apple has not publicly responded to the new allegations, which echo similar claims from Masimo and Valencell alleging misuse of partnership-derived technologies.