DOJ says Apple’s ‘complete control’ over tap-to-pay transactions stops innovation, cements its monopoly

In its wide-ranging antitrust complaint against Apple and its iPhone business, the U.S. Justice Department takes specific aim against Apple’s massive financial business, specifically how it uses Apple Pay to block competition and make billions of dollars a year in the process. The DOJ alleges that Apple is not only stifling competition among payment services,…

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VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries

The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups and large corporations. But a four-year-old contender, Coast, is pursuing a different type of customer — businesses with so-called “real-world” field personnel and fleets to…

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