PYMNTS

JUNE 19, 2019

In an appearance at the Cannes Lions International Festival of Creativity, Facebook Chief Operating Officer Sheryl Sandberg said the social media platform didn’t anticipate the foreign interference that sought to disrupt the U.S. presidential election in 2016, but has since put up safeguards against misinformation.

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PYMNTS

JUNE 24, 2019

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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PYMNTS

AUGUST 23, 2018

In all, local media outlet Lanjinger has found that at least eight “legitimate” publications, according to The Next Web , have been impacted by the crackdown. That move comes as operators of crypto trading platforms have fled China for other places, such as Hong Kong. Why WeChat?

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PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users.

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PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Developments From Around The Credit Union Space. About the Tracker.

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PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters. and other countries.

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Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Use the following list to educate your customers on best practices for protecting their assets: Verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites.

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PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To separates from the European Union. To remain a dominant player we in the U.K.

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PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. The news came in response to Facebook’s announcement that it was planning to release a cryptocurrency of its own, called Libra.

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PYMNTS

MARCH 24, 2017

Online crowdfunding portal Funding Wonder has found its first business to use its regulated financing solution, the company said Thursday (March 23). While Regulation A+ has now legalized crowdfunding for SMEs in this way, analysts say it has been slow to gain traction in the U.S.

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PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. The initial investment is forecasted to cover the operating expenses of the board for two three-year terms — or roughly six years. Facebook reportedly plans to keep funding the operation of the board after the six years.

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PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Facebook Threatens EU Withdrawal Over Data Sovereignty. about its EU users.” The dustup reportedly deals with EU concerns over surveillance uses. “If

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PYMNTS

AUGUST 9, 2018

The regulatory head also convinced Apple to allow spam detection on its iOS mobile operating software for the iPhone. Earlier this week, Reuters reported that the Indian government wants telecom operators to devise plans to block Facebook and WhatsApp , its messaging app, in case there are misuses of these platforms.

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PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

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PYMNTS

FEBRUARY 5, 2020

That’s a bad moon rising for some Big Data operators. In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. The General Data Protection Regulation (GDPR) turns two in May, and just like a toddler, it’s messing things up­ (for some).

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PYMNTS

FEBRUARY 11, 2019

According to a report in Reuters , the panel is summoning Dorsey after he failed to attend a hearing in the country looking at the rights of citizens on social media. The panel and Twitter were expected to meet and discuss ways to ensure citizens rights were protected when using social media.

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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

DECEMBER 16, 2020

Social media fraud has been on the rise during the past year. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds. Developments From The Mobile Order-Ahead World.

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PYMNTS

JANUARY 30, 2019

Pinterest , the social media operator that is gearing up to launch an initial public offering, has tapped Goldman Sachs and JPMorgan. Pinterest has been able to avoid all the controversy swirling around the other social media companies. According to the report, Pinterest may be able to raise roughly $1.5

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PYMNTS

NOVEMBER 16, 2020

They allege that Apple stores tracked user data without getting consent, which is a violation of Europe’s privacy law, the General Data Protection Regulation (GDPR). Schrems has already challenged Facebook in court twice, which resulted in the social media giant having to change the way it transfers data.

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PYMNTS

DECEMBER 16, 2020

Southeast Asian super-app operator Gojek is launching its new GoBiz Plus point-of-sale (POS) technology for all-in-one-purposes for micro in addition to small to medium-sized businesses (SMBs) in Indonesia. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments.

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PYMNTS

DECEMBER 15, 2020

15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms, offering first drafts for the Digital Markets Act (DMA) and the Digital Services Act (DSA) to the public. The European Commission released on Tuesday (Dec.

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Abrigo

JULY 10, 2023

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online.

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PYMNTS

NOVEMBER 27, 2018

“Dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability,” Rometty said. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

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PYMNTS

MARCH 26, 2020

Part of that communication and brand strategy must include social media, which too many retailers have de-emphasized. But even amid crisis, retailers need to communicate clearly — especially on social media. Also think through the details about how you will operate as a digital enterprise.

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PYMNTS

JUNE 2, 2019

In other news, Coinbase has announced that president and chief operating officer Asiff Hirji is leaving the company. There are also reports that Tina Bhatnagar, Coinbase’s current vice president of operations and technology, is leaving.

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PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

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PYMNTS

FEBRUARY 6, 2020

The social media giant said it used the app as one of its market intelligence tools and that it notified users of all data collection activities. The EU’s Court of Justice ruled in October that member state judges can order Facebook and other social media sites to find and remove any illegal content.

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PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

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PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. That’s according to the U.S. In the report from the U.S.

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South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. 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.

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PYMNTS

NOVEMBER 24, 2020

Everyone who is doing prepaid processing today claims that they can do credit,” he said — but when you dig deeper into the requirements of a credit-processing system and associated regulations, it’s a very different product than prepaid or debit. All About Mobile. But while some might think the mobile banking innovation trend is a U.S.-dominated

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PYMNTS

JULY 16, 2019

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem. Around the PSD2 and GDPR Worlds.

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PYMNTS

JULY 29, 2019

A consumer association in Germany said the plugin allowed the social media company to collect data on the site’s users, the news outlet said. According to the judgment published by the CJEU , websites are responsible for “operations involving the collection and disclosure by transmission to Facebook.”

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PYMNTS

JANUARY 29, 2021

The European Parliament had invited the leaders of the firms to a hearing in Europe to aid them in forming an opinion on stringent new regulations that the European Commission had put forward. Legislators in the European Union have informed Alphabet , Facebook , Apple and Amazon that they are open to delaying a potential hearing beyond Feb.

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PYMNTS

JUNE 24, 2020

RJIL is a licensed operator of communications systems, which services customers throughout India. In April, news surfaced that Facebook closed a deal for a minority share in Reliance Jio, which would provide the social media platform with a bigger presence in India.

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