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Americans Rush To Download WeChat App In Advance Of Ban

PYMNTS

Last week, the Commerce Department announced that the prohibitions on WeChat and TikTok transactions are based on the president’s executive order issued in August over national security concerns. District Court in San Francisco, alleges Trump's directive is unconstitutional and violates free speech. “We From Friday (Sept.

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Judge Temporarily Blocks Trump's WeChat Ban

PYMNTS

national security, foreign policy and the economy. District Court in San Francisco, alleges Trump's directive is unconstitutional and violates free speech. “We government’s concerns about the national security threats are significant, but the evidence is modest. The Wall Street Journal reported.

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DOJ Seeks To Overturn Ruling To Prevent WeChat Ban

PYMNTS

DOJ attorneys asked the Ninth Circuit Court of Appeals in San Francisco to examine U.S. In August, citing data security issues, President Donald Trump issued executive orders banning WeChat and its parent company Tencent Holdings as well as TikTok, which is owned by ByteDance Ltd. “If Beeler, who serves in the U.S.

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Twitter Hack Of 130+ A-Listers Invites FBI Probe

PYMNTS

The FBI is investigating the worst security breach in Twitter’s 14-year history, as hackers commandeered more than 100 high-profile accounts, The Wall Street Journal reported. But security experts told The Journal the breach may have occurred on the company’s internal account-reset systems.

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Varo Bank raises $510M in funding

BankInovation

Varo Bank, the first fintech to secure a national bank charter, today announced a $510 million oversubscribed funding round, a new raise that more than doubles the company’s previous funding, bringing total funding for the San Francisco, Calif.-based based mobile bank to $992.4 The bank's total valuation now stands at $2.5

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Uber Agrees To Pay $145M Fine To Settle Data Breach Lawsuit

PYMNTS

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

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5 questions with Varo Bank’s chief commercial and product officer

BankInovation

It has been a year since Varo Money broke ground by becoming the first fintech to secure a national bank charter without buying a bank.