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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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Instagram Invites Security Experts To Hack Its Checkout Feature

PYMNTS

Instagram is a place for people to treat themselves with inspiration, not a place to tax themselves with errands. Instagram’s parent company Facebook launched its bug bounty program in 2011. Checkout by Instagram includes participation by PayPal and its retail partnership program. The rewards can go up to $40,000 per case.

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Can Mobile Payments Improve Healthcare Access in Africa?

PYMNTS

Recent news indicates the path of mobile development there: Kenyaā€™s Safaricom has launched a new Bonga platform , a product designed to combine payments, messaging and online social activities. Tax Hurdle? The countryā€™s finance minister recently proposed a tax increase that would fund ā€œ free healthcare for all.ā€.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Zopa Partners with Equifax, Boosting its Risk Profiling Capabilities

Fintech Labs Insights

” For all the innovative methods for risk profiling – from Big Data to Social Media – the information available from credit reference agencies like Equifax remains as critical for online lenders as it is for offline lenders. A few metrics from Zopa: Over Ā£1 billion lent to U.K. More than 50,000 active lenders.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: October 2011. With Apotheker fired in 2011 for a slew of missteps that had contributed to the company’s massive losses, nothing ever came of the acquisition. Date: August 15, 2011. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. Today, the countryā€™s coffers have about ~$12B in reserves, down from $30B since 2011.

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