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Will Our Love-Hate Relationship With Social Media Ever Break?

PYMNTS

consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Apple Pay Trending Up as Target, Other Retailers Add Payment Option

Bank Innovation

Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. According to Apple, 74 of the top 100 U.S. merchants now accept Apple Pay. The company touted the service’s ease of use, security and speed at the register.

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Apple Pay Overpowered by Tencent’s WeChat Pay

Bank Innovation

Apple issued an official statement today stating that its mainland Chinese users will now be able to use WeChat Pay for purchases made on the App Store and for Apple Music products. The WeChat Pay function will not require the use of a password. Instead, consumers will be able to confirm their identity with fingerprints, […].

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Apple Faces Criticism From Other Tech Companies, Russian Watchdog Over App Store

PYMNTS

Facebook and Microsoft have issues with the way their gaming apps appear in Apple ‘s store, which could go hand-in-hand with a EU investigation into Apple’s business practices and antitrust concerns, Reuters reported. Apple has dismissed the criticisms, saying it affords equal opportunities and rules to any company.

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JCPenney Removes Apple Pay Support

PYMNTS

Only a few years after a full rollout of Apple Pay, JCPenney has reportedly dropped the Apple Pay digital payment service in its app and brick-and-mortar stores. Ron Johnson, who arrived at the retailer to become CEO from Apple, had the role for only two years. support Apple Pay and 74 of the leading 100 merchants in the U.S.

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