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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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Instagram Invites Security Experts To Hack Its Checkout Feature

PYMNTS

Instagram is a place for people to treat themselves with inspiration, not a place to tax themselves with errands. Instagram’s parent company Facebook launched its bug bounty program in 2011. Checkout by Instagram includes participation by PayPal and its retail partnership program. The rewards can go up to $40,000 per case.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Voters Want Big Tech Regulation On The Hill, Says Study

PYMNTS

As reported, the data sharing agreements are now part of the ongoing investigation by the Federal Trade Commission (FTC) into whether Facebook violated the terms of a 2011 consent agreement. The passwords had been stored on the social media giant’s servers in plain text — thus, accessible to employees. Taxes And Other Matters.

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Can Mobile Payments Improve Healthcare Access in Africa?

PYMNTS

Recent news indicates the path of mobile development there: Kenya’s Safaricom has launched a new Bonga platform , a product designed to combine payments, messaging and online social activities. Tax Hurdle? The country’s finance minister recently proposed a tax increase that would fund “ free healthcare for all.”.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. Today, the country’s coffers have about ~$12B in reserves, down from $30B since 2011.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: October 2011. With Apotheker fired in 2011 for a slew of missteps that had contributed to the company’s massive losses, nothing ever came of the acquisition. Date: August 15, 2011. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B.

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