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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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California lawmakers are moving quickly to create a financial watchdog agency as a new department of their state government, as the coronavirus pandemic accelerates financial crime across the nation. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

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Synchrony Says Erroneous Email Not Tied To Data Breach

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Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said.

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Amazon To Shut Down Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

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Amazon Discontinues Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

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CT Gov: First Wave Of $600 Jobless Payments Were Sent

PYMNTS

The additional weekly check, part of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, is r etroactive to March 27. In Massachusetts, the federal money began going out on April 9. “We

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Other cities following suit include Berkeley and Oakland, California and Sommerville, Massachusetts.