PYMNTS

FEBRUARY 6, 2020

Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay has a market capitalization of around $10 billion. Afterpay CEO Anthony Eisen said the company should be seen as a sales and marketing company, more like Amazon or Google.

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PYMNTS

NOVEMBER 15, 2019

This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Google Dives Into DDAs. The branding will reflect the financial institutions and not Google. Amazon To Build $40M Robotics Innovation Hub Near Boston.

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Google Payments Apple cryptocurrency 139

PYMNTS

FEBRUARY 3, 2020

The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. This is a major weakness for data-driven businesses to emerge, grow and innovate today, including in Europe, but huge opportunities lie ahead.”.

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PYMNTS

NOVEMBER 7, 2019

European Union antitrust chief Margrethe Vestager has concerns about Google’s recent acquisition of Fitbit, as well as continued competition issues over how the company lists shopping search results, according to reports by Reuters. Google made a deal to buy Fitbit for $2.1 Two years ago, Reuters reported, Vestager hit Google with a 2.4

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PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). Google Fine. Speaking of Google ….

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PYMNTS

JANUARY 28, 2021

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The use of Apple Pay, Google Pay and other digital wallets has also been on the upswing since the start of the pandemic. This change in consumer behavior is expected to remain even after vaccines are more widely distributed.

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PYMNTS

MAY 22, 2019

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. The European Commission slapped Google with a fine of 2.4 billion euros ($2.7 We’re dealing with private property.

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PYMNTS

OCTOBER 2, 2018

Google has handed over a second report to European Union (EU) antitrust regulators, detailing its proposal to allow more shopping rivals to bid for ads on top of its search page. It denied other companies the chance to compete on the merits and to innovate. Last year, the company was hit with a €2.4 billion (nearly $2.8

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PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. A reclassification could lead to significant changes in how the mobile payment service can operate in the country.

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PYMNTS

MARCH 2, 2020

A trillion-dollar market cap later, it’s hard to argue Amazon’s effectiveness, quote attribution notwithstanding. It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation.

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PYMNTS

SEPTEMBER 30, 2020

Overseen by the Office of the Comptroller of the Currency (OCC), the charter would allow firms like Facebook, Google or Amazon to bypass the process by which they need to collect money transmitter licenses state by state. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

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PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers. Launching Into New Markets.

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PYMNTS

JULY 19, 2018

The Federal Trade Commission Chairman Joseph Simons told lawmakers Wednesday (July 18) that he will look at the European Union’s move to fine Google $5 billion for antitrust violations pertaining to the Android mobile operating system. Google has the right to appeal the fine. Last year the EU fined Google €2.4

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PYMNTS

JULY 18, 2018

Alphabet’s Google is about to get slapped with a $5.06 The Wall Street Journal , citing an official familiar with the matter, reported Google could get hit with the fine later Wednesday (July 18) — a formal decision on the fine was made at a meeting of EU commissioners following a presentation by Margrethe Vestager, the competition chief.

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PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. As part of the economic growth strategy for the country, Prime Minister Shinzo Abe decided to focus on investment in technology innovation.

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Google Apple Regulation Strategy 100

PYMNTS

JULY 14, 2016

Google is coming under fire by the European Union, which contends the Internet giant is abusing its power in the digital advertising space. “Google has come up with many innovative products that have made a difference to our lives. It means consumers may not see the most relevant results to their search queries.

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PYMNTS

JUNE 27, 2017

The European Commission has spoken when it comes to Google — and as of today, it has spoken loudly. Google has been ordered to pay 2.4 Google has been ordered to pay 2.4 It denied other companies the chance to compete on the merits and to innovate. billion euros ($2.7 billion euros ($2.7

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Google Comparison Operations Regulation 111

PYMNTS

MARCH 11, 2019

European Union Competition Commissioner Margrethe Vestager said that breaking up big tech companies like Facebook and Google should be seen as a last resort, and that the better idea might be to find a way to regulate data usage. Businesses that are built and invested in and become successful because of their innovation.”.

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PYMNTS

OCTOBER 7, 2020

Laws and regulators sometimes create seismic shifts within industries – where new mandates and rulings on trade and competitive practices can be likened to a sledgehammer. Vestager has said the injunctions would be more widely deployed as antitrust investigations continue into Google, Amazon and Apple, among others. “If

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PYMNTS

AUGUST 20, 2018

The case against them, and the decision it rendered, deviated sharply from the traditional Sherman Act cases that accused companies of using their market power to raise prices to the detriment of the consumer. Regulators didn’t destroy A&P in the end. By 2009, A&P had shrunk in size and became a modestly sized regional chain.

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Regulation Online Innovation Google 105

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. s Competition and Markets Authority (CMA) will decide on Dec. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use. Goldman Plans to Launch Robo Advisor Next Year.

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PYMNTS

MARCH 30, 2020

The American workforce shifted to telecommuting almost overnight, and regulators have found ways to shorten decision making that once took months and years into hours and days. Before COVID-19, Lavender noted, there were over 1 billion Google searches a day looking for medical advice.

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PYMNTS

AUGUST 14, 2017

Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 The regulators in Europe piled a $2.7 billion fine onto Google, claiming that their product carousel ads created an unfair advantage to small guy retailers who didn’t have the money to advertise.

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PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

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PYMNTS

OCTOBER 21, 2016

It is critical that we promote and defend competition, even in markets that are highly innovative, to ensure that small entrants aren’t squeezed out through needlessly restrictive conditions and policies,” Johnson stated in the letter. “I Combined, the two have market share of 97 percent around the world.

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PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. When most people asked “what’s next?”

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PYMNTS

DECEMBER 17, 2019

In a move to prevent technology giants from having an unfair advantage, Japan is planning to increase regulations and demand transparency, Reuters reported on Tuesday (Dec. Google, Apple, Facebook Inc. The new law constitutes a framework for ‘platformers’ to make autonomous efforts to maintain transparency and fairness,” he added.

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PYMNTS

MARCH 27, 2019

The company, which was started by former Google employees and is backed by the company, wants to raise $100 million. Mobvoi was Google’s first direct China investment following the exit of its search engine from the country in 2010. Mobvoi was previously valued at $300 million in a financing round that Google led in 2015.

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Google Big Data Innovation Apple 152

PYMNTS

JUNE 6, 2019

In addition, the FTC will soon launch its own investigations of Amazon, Apple , Facebook and Google , with tech executives being asked to testify about the possible misuse of their market power. And, in the process, they have hurt small businesses and stifled innovation.”. Earlier this year, U.S.

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PYMNTS

NOVEMBER 7, 2019

European Union antitrust chief Margrethe Vestager has concerns about Google’s recent acquisition of Fitbit, as well as continued competition issues over how the company lists shopping search results, according to reports by Reuters. Google made a deal to buy Fitbit for $2.1 Two years ago, Reuters reported, Vestager hit Google with a 2.4

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Big Data Data Google Comparison 100

PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. We are also considering a third pillar which would form part of the new (pro-competition) regime — a parallel merger regime for acquisitions by companies with Strategic Market Status. may be entering an era of more robust regulation. Coscelli said the U.K.’s

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Regulation United States Marketing Conference 183

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. The company has emerged as a dominant player in the nation’s digital advertising market. An FTC spokeswoman declined to comment.

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PYMNTS

DECEMBER 6, 2020

The rules would mark the first new changes to the bloc’s internet regulations in 20 years. The move is intended as a pushback to the allegations commonly leveled at Facebook , Google and other such companies that they use their massive power to roll over smaller rivals. percent, FT writes. percent, FT writes.

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Regulation Google Innovation Company 167

PYMNTS

JULY 9, 2019

Representatives from Amazon , Apple , Facebook and Google are scheduled to appear before the House Antitrust Subcommittee. The subcommittee revealed that it would “examine the impact of market power of online platforms on innovation and entrepreneurship.”. We are here to help.”.

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PYMNTS

JUNE 1, 2018

Consumers who get more, want more — which puts the pressure on FIs to innovate for more complex needs. Regulation is another increasingly steep challenge. GDPR’s going live, for example, has already created a potentially expensive regulatory hurdle for both Google and Facebook.

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PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. Pressures that can lead to market fragmentation exist. Federal Reserve governor — in the letter.

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PYMNTS

JANUARY 3, 2020

PSD2 has long been established, but its European Union market reverberations are still generating challenges for banks and businesses that must comply. Unanswered authentication questions and regulatory confusion have not dampened PSD2’s attractiveness for regulators outside the EU, and Turkey is among the latest to adopt the standards.

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Regulation Fintech Innovation Marketing 133