PYMNTS

JULY 30, 2018

India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

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PYMNTS

JANUARY 28, 2020

Secure payments provider PCI Pal launched a new digital service on Tuesday (Jan. 28) that will let organizations offer ultra-secure payments across a multitude of channels, from social media to email and everything in between. Using the service, customers will be able to pay securely through any channel.

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Abrigo

JANUARY 4, 2023

Crypto market a perfect environment for fraud. Of that group of users, the Federal Trade Commission (FTC) reports that since the beginning of 2021 through the first quarter of 2022, more than 46,000 people have reported losing over $1 billion in crypto scams. Growing popularity.

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PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms.

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William Mills

JUNE 8, 2017

In just a short decade, social media has grown from a couple of platforms connecting music fans and college students to the de facto channel of communication for millions of people every day. How pervasive has social media become? Social Media is for Building Relationships, Not Spamming Ideas.

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PYMNTS

NOVEMBER 19, 2018

Facebook, the leading social media company, is facing pressure after The New York Times issued a damaging report, with the stock falling close to 5 percent during intraday trading Monday (Nov. consulting firm, to create opposition research on critics of the company.

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PYMNTS

FEBRUARY 3, 2020

However, 8 percent of Cyber Monday visits did originate from social media, an increase of 17.5 It comes from WBR Insights , which credits customer engagement via social media. Brand advertisers, it says, need to justify social media ROI. percent from the prior year. We’ve identified three.

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PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. .

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Abrigo

MARCH 8, 2024

In 2023, reported fraud losses surged to over $10 billion, a 14% increase from 2022, despite a similar number of cases being reported at 2.6 billion in losses reported. The total loss attributable to wire transactions was $344 million, as described in 42,729 reports to the FTC. Investment scams were #1, with over $4.6

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PYMNTS

AUGUST 7, 2019

Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. The social media platform is also courting big pharma companies to advertise on Snapchat, reportedly pitching itself as a friendlier alternative to Twitter and Facebook.

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PYMNTS

OCTOBER 1, 2018

Facebook’s Vice President of Global Marketing Carolyn Everson told an Advertising Week panel Monday (Oct. She did admit Facebook was to blame for the Cambridge Analytica attack, because the social media network didn’t re-check with Cambridge to ensure that it had deleted the improperly accessed data.

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PYMNTS

JANUARY 27, 2021

reported on Wednesday (Jan. The social media company reported $27.19 Drilling down into numbers reported in financial supplements that accompanied the earnings release, Facebook said that monthly active users (MAU) were 2.8 Facebook reported family monthly active people (MAP) of 3.3 Facebook, Inc.

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. A scam usually begins with online contact via social media or dating apps. According to the FBI , victims of investment fraud reported losses of $3.3

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PYMNTS

JUNE 23, 2020

The German Federal Court has ordered Facebook to comply with an order from the country’s antitrust regulator and stop data collection of users in the country, Reuters reported Tuesday (June 23). Securities and Exchange Commission. The ruling is a setback for the U.S. The ruling is a setback for the U.S.

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PYMNTS

JULY 16, 2020

And, there will be flexible person-to-person (P2P) services with added layers of security authorizations. “Today’s consumers increasingly expect a seamless payment experience across multiple channels — whether it’s through social media, physical point-of-sale or eCommerce,” he said, according to the release.

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PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. Its business units span social media, video streaming, digital payments and wealth management.

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PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

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South State Correspondent

APRIL 23, 2023

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM.

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PYMNTS

APRIL 26, 2020

E-FRESCO , a fresh fruit virtual market, is introducing blockchain capabilities to help sustain cross-border needs, according to a report. Alshami said in the report that the complexity of the shipping process over borders all but necessitated a blockchain-based system. In the U.S.,

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PYMNTS

JUNE 13, 2019

billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. The Drawbacks of Complex Security. AI Solutions for Balancing Security and Convenience. More than 4.5 with the U.S.

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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PYMNTS

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. According to a PYMNTS report , Tiger Global Management plans to buy at least one-fifth of the shares in the IPO.

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PYMNTS

JUNE 24, 2020

The bank said the decision was to “preserve an adequate competitive environment that ensures the functioning of a payment system that’s interchangeable, fast, secure, transparent, open and cheap,” Bloomberg reported. The Central Bank’s decision is a setback for the social media giant.

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PYMNTS

OCTOBER 5, 2018

Neither Facebook nor Instagram would confirm the report but TechCrunch said it based its report on a tip from a source who’s previously been on the money about other such changes. Users could find data about their location in the activity log of their Facebook profiles, the report said. It faces a $1.63

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PYMNTS

JUNE 8, 2020

Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. The report noted that the impacted digital currency users aren’t necessarily accused of doing anything wrong.

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PYMNTS

APRIL 8, 2020

While its full first-quarter results will not be released until May 5, the company expects preliminary revenues between $269 million and $272 million for the quarter, CNBC reported. At the end of the first quarter, the company reported $1.7 That’s up from analyst predictions of $267 million in revenues. per share, up 11.75 billion.

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PYMNTS

OCTOBER 22, 2018

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets.

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PYMNTS

APRIL 22, 2020

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. Banks must enable fast and seamless onboarding experiences, but these processes should also be secure.

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PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? These investments in faster payments are focused on allowing the transfer of funds between parties to not only progress faster, but with greater efficiency and security. percent to 25.5

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South State Correspondent

MARCH 13, 2023

Equally important is the bank’s securities duration, as shown in the graph below. Approximately 56% of the bank’s securities had repricing greater than 15 years. SVB’s securities portfolio is high credit quality (Treasuries and quality MBS) but long duration. at the end of 2022, with $2.4B

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PYMNTS

JULY 13, 2020

.” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. In other news, as the cryptocurrency industry gains mainstream traction, lawyers specializing in crypto are highly demanded by firms these days, Cointelgraph reported. And, the U.S.

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PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. Treasury said Tuesday (Jan.

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PYMNTS

SEPTEMBER 26, 2019

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. It was reported that the hearing could happen later in the year.

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PYMNTS

AUGUST 23, 2018

Dan Rose, one of the earliest executives at Facebook , is stepping down from his role, reported CNBC. Citing a Facebook post, CNBC reported Rose is moving to Hawaii to be closer to his family and doesn’t plan to seek out another executive position. The departure comes as Facebook appears to be eyeing the personal finance markets.

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PYMNTS

FEBRUARY 25, 2020

It’s illustrated in a new report from Episerver , which shows that personalized messaging can be a deal creator or deal breaker for consumers. Fifty-three percent of consumers want retailers to respect their anonymity in 2020; at the same time 61 percent want more personalization in marketing, messaging and promotions.

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PYMNTS

SEPTEMBER 25, 2020

However, in PYMNTS’ own coverage, the twin external forces of market pressures and regulatory scrutiny are making financial institutions (FIs) retool and bolster their anti-money laundering (AML) efforts. HSBC To Staff: Stay Off Bank’s Social Media Accounts . Trackers And Reports. Time on Tuesday (Sept.

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PYMNTS

JULY 5, 2018

The company gained a higher profile on Thursday (July 5) via an article about it in The New York Times , and that is all but certain to inject fresh energy into the ongoing debates about consumer privacy and data security. The internet age is also an age of nonstop multitasking and short attention spans, and one study has reported that U.S.

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