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Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks

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Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in fuel dispenser POS cyberattacks. US Antitrust Regs Probe Google’s Shopping Comparison Tool. Also, Uber is negotiating the sale of Uber Eats to India’s Zomato.

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Grocers Can Tap Into Price Comparison Apps

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The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. The app, which is available on the App Store and Google Play, searches millions of products and prices at both brick-and-mortar and online stores so consumers can find the best buy for their shopping lists. “We Data Analytics.

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Google Gets Two EU Directives Over Online Ad Practices

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In two directives from EU Competition Commissioner Margrethe Vestager on Thursday (July 14), the EU said Google has abused its dominant position in the digital ad space by favoring its own comparison shopping service in its search results. “Google has come up with many innovative products that have made a difference to our lives. .

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Are Online Resale Sites Rife With Counterfeits?

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The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. Online Resale. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

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Singapore Provides ‘Springboard’ To Asian Markets For FinTech

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Hong Kong, by comparison, saw $596.8 Among the startups in Singapore’s burgeoning FinTech scene is InstaReM , which seeks to disrupt traditional cross-border remittances business with online and mobile platforms. million that year. million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016.

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EU Antitrust Chief Says Google Is Compliant With Competition Boosting

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European Competition Commissioner Margrethe Vestager said measures put in place for Google to boost competition in online shopping results appear to be working, according to a report by Reuters. billion) about two years ago for promoting its own comparison shopping service over competitors. billion euros ($2.7

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CPG Companies Capitalize On Dramatic Digital Shift

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Consumer packaged goods (CPG) – which just four years ago had only a 1 percent penetration rate online – are capturing the digital shift in a dramatic way during the pandemic. As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online.

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