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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. At the center of it all: online gaming, and the way we access the latest popular diversions (or don’t).

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California Passes Online Privacy Data Law Aimed At Protecting Consumers

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The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

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Fundation Digitizes SMB Loans For Banc Of California

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In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website.

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Leafbuyer Technologies Buys Greenlight Technologies To Expand Its Cannabis Markets

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Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company. Leafbuyer noted in the press release that the acquisition more than doubles Leafbuyer’s client base in California. “We

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Paytronix Offers Toast Eateries Online Ordering Integration

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Customer engagement firm Paytronix Systems said its online ordering software, using the software-as-a-service model, has what it takes to beef up food-delivery revenues. Paytronix said its online ordering saves time by taking brand information directly from Toast’s POS system, including menus and hours.

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Study Puts Values To Online Data, Privacy

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The Technology Policy Institute (TPI) study is the first that aims to define the value of online privacy and information. A study of how consumers in different nations value their personal data found that German users of Facebook would want the company to pay them roughly $8 a month for providing their contact data.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

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