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What to Do When Your Banking App Stumbles Out of the Gate

Bank Innovation

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Appleā€™s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

million) financial penalty to Facebook and has pursued a criminal probe for allegedly sharing the personal data of users with other operators in the absence of permission, Reuters reported. ā€œWe Chicago Alderman Proposes Tax on Deliveries. South Koreaā€™s Personal Information Protection Commission issued a 6.7 billion won ($6.06

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Capital One Q2 Earnings Preview: Increased Spending, Decline In Revenue Expected

PYMNTS

Higher interest rates and Capital Oneā€™s efforts to strengthen card operations will help the bank bolster earnings, but overall, analysts expect a decline in revenue for the second quarter, owing to only modest growth in fee income and net interest income, coupled with a rise in expenses. Last year, Capital One spent $18.6

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Facebookā€™s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

The Lenfest Instituteā€™s mission is to develop and support sustainable business models for local journalism,ā€ said the instituteā€™s Director of Operations Ken Herts. ā€œWe Also in January, the social media giant opened a 130,000-square-foot office in Cambridge , Massachusetts.

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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Unbundling The Travel Bundle

PYMNTS

Another hair in the soup is Generation Zā€™s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. The marketplace originally launched in Chicago two months before its Miami expansion.

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