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X lands money licenses in Illinois, New Mexico

Payments Dive

The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

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Japan Ties Up With US, Europe To Legislate Big Tech

PYMNTS

Canada’s governing Liberal party renewed calls to legislate big tech platforms to pay media producers a cut of ad dollars. Everyone is also watching a $650 million lawsuit filed by Illinois residents against social media giant Facebook.

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Supreme Court Won’t Review Facebook’s Privacy Violation Case

PYMNTS

In a blow to Facebook, the Supreme Court won’t decide whether or not people can sue the social media giant for using facial recognition technology on their photos without consent, according to reports. The case, Facebook v. Users can sue companies for up to $5,000 for each violation of this rule.

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Judge Says Facial Recognition Suit Against Facebook Can Proceed

PYMNTS

The suit is based on a unique Illinois law — the Biometric Information Privacy Act — which gives users a “property interest” in the algorithms that establish their digital identities. The precise harm the Illinois legislature sought to prevent is then realized.”.

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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 social media firm purportedly contravened an Illinois state law via a “Tag Suggestions” functionality that enabled users to identify their friends from photos put on the platform in the past.

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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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How Digital-First Credit Unions Can Break The Impersonality Barrier

PYMNTS

and the largest in Illinois with more than 450,000 members and $11 billion in assets. Digitally focused banks can incur an aura of impersonality, a challenge Alliant meets with personalized customer engagement and a far-reaching social media strategy. Social media for member engagement.