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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". The seeming intent across the pond to reign in Big Tech’s scope also is echoed in the U.K.

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The Buyers: Studying Chinese Consumers’ Online Interactions

PYMNTS

A byproduct of incorporating connectivity into just about any activity is how social media affects regular interactions. It can be difficult to discuss the digital effects without looping in social media. For the Chinese buyer in particular, social media engagement and online shopping activities takes on a unique avenue.

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Today In Payments Around The World: JD.com Works With China’s Central Bank On Cryptocurrency; US Users Rush To Get WeChat App

PYMNTS

WeChat users are reportedly racing to get the Chinese mobile payment, messaging and social media program. JD won’t be the only online shopping company to work with the PBoC to bring cryptocurrency to the country. Plus, digital payment provider Ant Group is looking for a record return as it goes public. The rise comes as the U.S.

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Retail SMBs Face Up To Q4 Marketing Opportunities

PYMNTS

But the calendar is so full of events this year that the “when” might be more important than the how. With so many companies giving their employees Election Day off, it could be an opportunity for a one-day sales event both online and in-store. 28), which is supported by American Express nationally. Now, the where.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The services are not currently registered as distinct entities, although they are provided to users in the nation. DCN, a trade organization, serves media brands.

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Amex’s Small Business Saturday Bests $100B

PYMNTS

The event, created by American Express as an offshoot to Black Friday , brought in an estimated $17.8 In addition to supporting brick-and-mortar businesses, 41 percent of consumers surveyed said they shopped small businesses online. The movement was also visible on social media posts with the hashtags #ShopSmall and #SmallBizSat.

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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5