article thumbnail

DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. He said it was a natural extension of its global social media business and not an attempt to remove a potential competitor from the marketplace. “It

article thumbnail

Bitcoin Daily: VeChain Blockchain Platform Loses $6.7M In Cyberattack; Bottle Pay Bitcoin Startup Shuts Down Amid New EU Regulations

PYMNTS

Meanwhile, Bottle Pay, the bitcoin payments startup, closed down, noting the AMLD5 European Union regulation that is taking effect early in January, Coindesk reported. The Bottle Pay app once let users send small portions of bitcoin via social media handles and texts from Twitter to Telegram.

Bitcoin 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Meanwhile, another partnership could change the way users engage with a CU’s network of ATMs.

article thumbnail

How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

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.

Strategy 188
article thumbnail

Italy Launches Inquiry Into Apple, Samsung Regarding Aging Smartphones

PYMNTS

Apple and Samsung Electronics are coming under fire by Italian regulators regarding processor slowdowns in aging smartphones. 18) Reuters report , antitrust regulators in Italy have launched an inquiry into claims that Apple and Samsung have purposely used software updates to speed up the aging process for their older devices.

Samsung 100
article thumbnail

Apple Investigated In France Over Battery Scandal

PYMNTS

Apple confirmed the findings, and the news caused a social media backlash, as well as a class-action lawsuit in the United States. First and foremost, we have never – and would never – do anything to intentionally shorten the life of any Apple product, or degrade the user experience to drive customer upgrades.

Apple 108
article thumbnail

The growing interest in digital banks

Insights on Business

Recently, new digital technologies – driven by cloud, mobile, social media and analytics – have significantly lowered entry barriers and put customers much more at the center of the banking relationship. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.