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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Identity As A Service To The Rescue

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Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. Less stringent security steps that are frictionless for consumers may let bad actors in; however, those that require too much work can lead to lost sales.

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Banking Algorithms, the Apple Card and Sexism

Banking Exchange

Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.

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Apple Pay Faces Hemispheric Pressure

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Asda Is Thinking About Apple Pay… Maybe. Asda, is testing Apple Pay. has refused to support Apple Pay and instead rolled out its own app, Walmart Pay, for use with iOS and Android in December 2015. Asda is being noncommittal about future plans and is not saying whether there may be a wider rollout of Apple Pay to its 626 U.K.

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Data Dive, New Directions Edition: Chase, Samsung And Apple

PYMNTS

Particularly standing in the spotlight are JPMorgan Chase , Samsung and Apple — for very different reasons. Chase’s Security Reset. Samsung’s social media posts indicate that Neon is an “artificial intelligence being” and “best friend.”. Apple (As Yet Unproven) Rough Waters Ahead. It’s not healthy.

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

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It offers a glimpse into how the Menlo Park, California-based social media conglomerate will defend itself against federal antitrust prosecutors and members of Congress about its power and competitive behavior. Other technology giants including Google , Amazon and Apple are also facing probes.