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

OCTOBER 9, 2018

Google is readying an appeal of the European Union’s record €4.34bn fine, which it was slapped with in July over its Android mobile operating system. The ruling outlawed contract restrictions that enabled Google to maintain its dominant search position over the years.

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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

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS.

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PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). This means getting regulation right is critical.

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PYMNTS

JULY 18, 2018

Tongue in cheek as that sentiment may be, the EU fine levied over Android and dominance of that operating system has been a long time coming for Google. The EU has found that Google acted illegally in enticing handset makers to load those apps along with the free operating system. The fine, finally. billion euros).

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Google System Operations Mobile 101

PYMNTS

MARCH 2, 2020

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. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

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PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. tech companies fight increased regulation that seems likely following criticism of business practices from members of Congress.

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PYMNTS

JULY 18, 2018

Alphabet’s Google is about to get slapped with a $5.06 billion antitrust fine from the European Union over what the EU calls an abuse of the Android operating system. Google has the right to appeal the fine. The fine would mark the second time Google was hit with an EU fine. About a year ago the EU hit Google with a €2.4

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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

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. For Big Tech, the bleeding may come from cuts, here and there, targeting individual agreements and operations.

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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

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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PYMNTS

AUGUST 20, 2018

But here’s the rub: The guilty verdict was made on the basis of A&P’s use of supply chain innovations to lower prices to consumers. Regulators didn’t destroy A&P in the end. Its failure to keep innovating in the face of new players that did was A&P’s downfall. It operated 70 factories and 100 warehouses.

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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

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. They seemed to be living in the last decade, when people really did just use Google or Bing to look for products. Take Google.

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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

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

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. CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg are preparing for potential depositions, a source told The Journal.

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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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PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. GDPR has been a blueprint for many online data and privacy regulations rolled out around the world. EU and U.K.

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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

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Substitute producer for buyer or supplier. Consumer for the end user.

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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. They saw a greenfield waiting to be planted. The list goes on.

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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.”. “On

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PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. s approach to regulating FinTech companies could offer insights into the best ways to increase regulation of Big Tech firms. “It Our work on Open Banking, for example, has demonstrated the potential that opening up access to data can have in driving innovation,” he said.

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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

JANUARY 3, 2020

This only increased earlier this year with the implementation of strong customer authentication (SCA), which forced merchants to develop security solutions that would not impact sales and sent retailers scrambling to project how these changes would affect operations. He pointed to the U.K.,

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PYMNTS

AUGUST 18, 2019

The donations were reportedly made two months before lawmakers were planning to interrogate Amazon as part of a bigger antitrust probe that also involved Apple , Facebook and Google. The main benefactor of the campaign funds was reportedly Rep. David Cicilline (RI), the head of the House antitrust investigation.

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PYMNTS

JULY 5, 2019

Amazon in some ways was the victim of a race run so well that regulators are taking a second look, competitors are loudly complaining and even the courts are taking a tougher line on its business practices. And Amazon’s competitors in retail are working hard to make sure that the regulators take a close enough look.

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PYMNTS

DECEMBER 17, 2020

Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Small Business Solutions and Karen Webster how payments innovation will play a critical role in their digital-first 2021.

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PYMNTS

OCTOBER 15, 2020

As reported by the Financial Times , regulators in the European Union are crafting a “hit list” of roughly 20 companies – Big Tech marquee names among them – that will face tougher rules over market competition and other operational activities. Among the most prominent names in the report: Amazon, Facebook, Apple and Google.

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PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

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PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

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Lex Sokolin

FEBRUARY 2, 2022

Brain activity is always *ON* in the same way that your computer is always running background software for its operating system. Anyway, this is a mechanism that regulates the spending of energy and attention according to the pursuit of some sort of goal. Don’t ask the police to innovate. calorically, evolutionarily?

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National Google Regulation US 52

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Regulation. Profitability. in the year to February 2019.

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