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Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers

PYMNTS

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. Google Improves Search To Make Apparel Easier To Buy.

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For Big Tech, Antitrust Scrutiny Deepens

PYMNTS

On Friday, the House Judiciary Committee, investigating antitrust issues tied to marquee names such as Facebook, Google and others, delivered letters asking for communications and documents that may shed light on the reasons and processes surrounding changes in the competitive landscape, including various mergers and acquisitions.

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

Privacy Advocates Fear Google Will Mine Fitbit’s Health Data. Google’s $2.1 Politicians, as well as privacy advocates, have asked regulators to block the deal. They fear Google will tap Fitbit’s data to roll out a healthcare service. Moving Issuers — And Auth Rates — Past Fraud Prevention To Revenue Protection.

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Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

In fact, they have favored brands, with iTunes and Google Play cards popular favorites. The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year. As of September 2018, losses from gift-card fraud have hit $53 million.

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Vietnam Goes After Facebook Over ‘Slanderous’ Content

PYMNTS

8), Financial Times reported that the country’s Authority of Broadcasting and Electronic Information said Facebook violated Vietnamese law in how it managed online content, advertising and taxes. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan. 1, 2019. “We

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Fraud prevention tools. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items.

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Can FinTech Walk The FinTalk?

PYMNTS

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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