PYMNTS

MAY 19, 2020

To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. The free feature will allow companies to place product listings on their Facebook Page, Instagram profiles and stories, or in ads, CNBC reported.

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JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces. Beyond The Companies .

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AUGUST 20, 2020

A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. ” Deep Social provided, among other things, social media data. A Wednesday (Aug.

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SEPTEMBER 21, 2020

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. That could prove to be “immensely complicated,” the Times reported, and likely highly expensive. “A according to Metro.

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AUGUST 9, 2020

District Court for the Southern District of California, where TikTok’s American operations are based, as soon as Tuesday (Aug. 11), National Public Radio (NPR) reported, citing a source. The White House declined to comment on the expected litigation, NPR reported. operations have emerged.

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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. Victims reported that Facebook and Instagram were the most common avenues for these schemes.

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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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PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. The days of stopping by brick-and-mortar establishments to check out menus and sample food are long gone, replaced by scanning social media accounts, hashtags, user reviews and digital images before selecting where to spend hard-earned money.

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PYMNTS

MARCH 19, 2019

Instagram , the photo and video sharing social media platform operator, is rolling out a trial of a new shopping program in which users can shop and check out within the app. Paige Cohen, a spokeswoman for Instagram, told Digiday the brands were chosen based on shopping performance on the social media platform.

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PYMNTS

JANUARY 8, 2020

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. Lianlian counts PayPal and Apple among its strategic partners.

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MAY 26, 2020

million in grants, virtual training classes and new features to help promote SMBs across numerous apps owned by the social media giant, according to a press release. Back in 2017, almost half of them, 46 percent, reported not even having any kind of website. The first session will take place June 3.

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MAY 1, 2020

advertisers probably won’t “like” its subpar rating from a media industry watchdog. The Media Rating Council (MRC) review found that the California-based social media giant has failed to address advertisers’ concerns arising from an Ernst & Young audit over how it measures and reports data about video advertisements. .

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PYMNTS

APRIL 14, 2019

Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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JUNE 18, 2020

The pandemic is having monumental impacts on restaurants’ operations and interactions with potential diners, pushing to the forefront services that offer quick and seamless online ordering tools to reach customers stuck in their homes. Creating A Safe Restaurant Experience For Diners Amid Pandemic Concerns. About the Tracker.

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PYMNTS

NOVEMBER 9, 2020

The European Commission will soon put forward a “revolutionary” revamp of digital rules that could negatively impact Big Tech’s business models, CNBC reported, citing experts. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister.

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JANUARY 27, 2021

reported on Wednesday (Jan. The social media company reported $27.19 Drilling down into numbers reported in financial supplements that accompanied the earnings release, Facebook said that monthly active users (MAU) were 2.8 Facebook reported family monthly active people (MAP) of 3.3 Facebook, Inc.

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PYMNTS

DECEMBER 18, 2018

Twitter, the microblogging website operator, saw its stock tank in trading on Tuesday (Dec. While we cannot confirm intent or attribution for certain, it is possible that some of these IP addresses may have ties to state-sponsored actors,” the social media company said.

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PYMNTS

JANUARY 28, 2021

Generating the funds to pay for their operations often requires novel strategies, however, as most of these organizations can no longer hold in-person galas and other fundraising events. Social media-based campaigns are also proving to be especially useful during the health crisis. Read the full story in the Report.

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PYMNTS

DECEMBER 21, 2020

Nike showed in its latest earnings report that the sportswear giant is “just doing it” when it comes to three of the COVID-19 era’s hottest retail trends – digital-first shopping, direct-to-consumer (D2C) sales and building a killer loyalty/rewards program. All in, Nike reported fiscal Q2 revenues of $11.2 billion from $1.1

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CFPB Monitor

AUGUST 8, 2022

In Director Chopra’s recent interviews with several news reporting organizations, a persistent theme was the CFPB’s concerns about the entry of big tech companies into financial services, particularly in connection with payments and the companies’ ability to collect and monetize data about consumers. Embedded commerce.

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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. Credit unions (CUs) are facing an ever-shifting financial services landscape.

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Bank Innovation

APRIL 22, 2019

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

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PYMNTS

JUNE 2, 2020

As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. RPAI) reported its COVID-19 guidance on Monday (June 1) for April and May. It reported 52.4 percent of April rent collected as of April 30.

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Perficient

JANUARY 28, 2021

In fact, it has been reported that a staggering 9 out of 10 coronavirus-related domains are scams. Use these direct links to update your privacy settings on popular devices and online services on everything from social media to Peloton and Spotify. verify that the message comes from its alleged sender.

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JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

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PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. Last month, Forbes reported, Mu said at an industry forum that the bank would create the crypto, while other entities would distribute it. In Brazil, as many as 1.4

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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. CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg are preparing for potential depositions, a source told The Journal.

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PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders.

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BankInovation

AUGUST 13, 2024

British challenger bank Monzo reported an outage today that halted some card payments and outbound bank transfers. In response to the outage, which the bank attributed to a “technical issue,” Monzo moved to its backup system to get operations back up and running, Monzo said on social media platform X today.

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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

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data.

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PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” ” CNBC , citing the ICO, reported that the government watchdog alleged Thursday (Oct. Facebook got hit with a $644,600 fine in the U.K.

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PYMNTS

APRIL 15, 2020

With direct access to the SEPA (Single Euro Payments Area) payment program, OpenPayd has bolstered its payments functions, according to reports. Friction with bank payment services is one of the biggest challenges for modern businesses,” said OpenPayd Chief Product Officer Adam Bialy, per reports.

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PYMNTS

OCTOBER 3, 2018

According to a report citing Facebook, the social media network operator rolled out price range suggestions and auto-categorization features on the Marketplace to make it easier to sell things. The report noted that Facebook isn’t the first when it comes to automating categorization and making price suggestions.

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PYMNTS

OCTOBER 22, 2018

Instagram, the photo-sharing social media network operator owned by Facebook, has surpassed Snapchat as the most frequented social media platform among teenagers. Piper Jaffray polls 8,600 teenagers across the U.S. for its annual survey, which is in its third year. The average age of the survey respondents is 16.

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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. As the report states, “ GDPR and PSD2 have significantly shifted how EU banks and businesses exchange online funds and consumer data.

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PYMNTS

NOVEMBER 19, 2020

Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning. Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy. Visa, Codat Partner on Providing Data for SMBs. 18) press release. SMB economy.

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