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How social media created new corridors for Azimo's cross-border payments

Payments Source

The main spark for Azimo’s transaction growth in far-flung geographic regions came from its commitment to social media beginning four years ago.

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German Court Orders Facebook To Stop Data Collection

PYMNTS

social media giant, which also could set a precedent for the future, with Germany being the first country to explore whether or not data dominance is an antitrust issue. The ruling is a setback for the U.S. At that time, Mundt said that the Federal Cartel was confident it had the power to impose regulation.

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Credit Unions Shun Online Ads For Content To Acquire Customers

PYMNTS

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

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How The Pandemic Is Making Robust Address Verification Critical For eCommerce Platforms

PYMNTS

Seamless customer experiences are essential because consumers that face onboarding strains are likely to seek services elsewhere, Rodrigo Rodríguez , assortment and merchandising regional manager for Latin American eCommerce marketplace Linio , explained in a recent PYMNTS interview. They can even use some social media to register.

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A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements

PYMNTS

The Irish Data Protection Commission (DPC) recently submitted a draft decision on whether social media site Twitter violated the EU’s General Data Protection Regulation (GDPR) standards with its data collection methods. Such transactions have been popular in the U.K. however, notably SCA.

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How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

For other companies, GDPR is the main concern as they move to expand operations within Europe. Social media giant Facebook is facing yet another batch of complaints around its practices in the region, with more claimants asserting it is not meeting GPDR requirements under the law.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration.