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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 watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? . The acts had been widely anticipated and give new frameworks for commerce and content.

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Retail Pulse: Kohl’s To Curate Brands With Facebook; Domino’s Rolls Out eBike Tie-Up

PYMNTS

Brick-and-mortar retailers are teaming up with social media platforms to curate labels for their stores and their websites. The retailer also plans to team with Facebook on brand curation starting next year — “identifying and engaging with brands that have built a strong online community on the social media platform.”.

Branding 101
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Crypto Regulation To Tighten Scrutiny On Money Laundering

PYMNTS

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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China, Alibaba Are Big Players On The Blockchain Patent Block

PYMNTS

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. That far outpaces the 22 percent that came from the United States, the runner up last year. And patents?

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The Buyers: Generation Z’s Shopping Preferences

PYMNTS

The buying power of Gen Z comes out to $44 billion, according to an IBM and National Retail Federation study. By the year 2020, Gen Z will make up 40 percent of the entire United States population, according to retail consulting firm HRC Retail Advisory. Get ready, retailers.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period. FinCEN Strengthens Commitment to Digital Innovation. It’s the right thing to do. Artificial Intelligence.

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The true cost of fraud

Abrigo

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. The Financial Crimes Enforcement Network (FinCEN) has listed fraud and cybercrime as two of their National AML/CFT Priorities. They should always be.

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