Apple Presses the Point out that the App Store Prevented more than $1.5 Billion in Potential Fraudulent Transactions in 2020
Yesterday Patently Apple reported on the Epic Games v. Apple trial yesterday where we highlighted a point that Apple legal made in a released statement in that it prevented more than $1.5 billion in “potentially fraudulent transactions” last year, underscoring the need for its proprietary payment system at the heart of the on-going antitrust trial with Epic. Today, Apple has posted a major press release on the App Store's security which covers the 'App Review' process, 'Fraudulent Ratings and Reviews,' 'Account Fraud,' and 'Payment and Credit Card Fraud.'