Snippings

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Someone at Clear, the identity-protection company that helps people skip the lines at airports, told me they’ve built technology they call “liveness detection.” To prove you’re you, you not only have to possess all the information and devices that prove who you are, but also that you are actually alive, in the instant in the place where a transaction is happening, by doing stuff like moving in a humanlike way.

From Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn’t Care.

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An FBI agent can sit down and show them evidence of fraud, that they are a victim, and they will still continue to talk with the fiancé.”

From Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn’t Care.

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That is what a bank is now. An app and a dim void filled with a voice-menu system and a three-question survey.

From Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn’t Care.

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Hanks posted to his 9.5 million Instagram followers this week: “Beware!! There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it.”

Meanwhile, the AI-generated likenesses of two BBC presenters, Matthew Amroliwala and Sally Bundock, were also used to promote a known scam.

From: Lawmakers Raise Concerns Over Social Media’s Deepfake Problem.

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But now, the EU’s central banks, normally used to deploying technical or economic arguments, are facing a different kind of opposition that’s much more political. That opposition can start with legitimate concerns over privacy and the limits of government power – but can also venture into conspiracy theories that paint CBDCs as part of a much wider, orchestrated program of state control.

From: EU’s ECB Faces Opposition to Digital Euro Plans That Threaten to Slow CBDC Project.

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Samsung has added support for digital identification cards from Arizona and Iowa in its eponymous Samsung Wallet app.

From: Samsung Announces Support For Arizona, Iowa Digital ID Cards In Samsung Wallet.

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What I’m confessing is that we sent $30,500 of our hard-earned money to sunshineyasmin48@gmail.com and personalbreezy@gmail.com. Yes, someone emailed us and said, “Hey, will you Zelle 30 grand to a perfect stranger who goes by the name Personal Breezy and has no identification except for a Gmail account?” And our response was: Done!

From Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn’t Care.

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Sept 27 (Reuters) – Apple (AAPL.O) was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet.

U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal Sherman antitrust law by enforcing a 100% monopoly over the domestic market for tap-and-pay wallets for iPhones, iPads and Apple Watches.

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The Oakland, California-based judge also dismissed a “tying” claim, which accused Apple of requiring purchasers of iOS devices to buy Apple Pay or forego purchases of competing wallets.

Apple, based in Cupertino, California, did not immediately respond to requests for comment.

“We are happy with this ruling,” Steve Berman, a lawyer for the plaintiffs, said in an email. “There are billions at stake so getting by the motion (to dismiss) largely intact was huge for the class.”

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The proposed class action is led by Illinois’ Consumers Co-op Credit Union, and Iowa’s Affinity Credit Union and GreenState Credit Union.

They said Apple “coerces” people who use its smartphones, tablets and smart watches into using its own wallet for tap-and-pay transactions, unlike makers of Android-based devices that let people choose wallets such as Google Pay and Samsung Pay.

According to the complaint, Apple’s conduct forces more than 4,000 banks and credit unions that use Apple Pay to pay at least $1 billion of excess fees, and harms consumers by minimizing the incentive to make Apple Pay safer and easier to use.

From Apple is ordered to face Apple Pay antitrust lawsuit | Reuters.

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When it comes to “competition,” there’s no love lost between CFPB Director Chopra, the big banks, and their trade associations and consortiums.

The Bureau has made clear it hopes that open banking will support increased competition by making it easier for consumers to compare and switch providers, whether for checking or savings accounts, credit cards, loans, or mortgages.

The CFPB acknowledges that open banking may make customers “less sticky” — in fact, that’s the entire point.

Chopra has made numerous statements emphasizing these points and warning against any one group “owning” key infrastructure, including in open banking:

From Fidelity & PNC Lead Akoya’s Open Banking Land Grab; CFPB’s Chopra Not Amused, Statements Indicate.

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Right now, the “metaverse” is a collection of shared virtual worlds- but they aren’t interoperable. Until digital assets can travel from space to space with a digital identity, the ideal form of the metaverse can’t be achieved. So, what can make that happen? How do we get the many metaverses to interact? What can incentivize opening those interactions?

From Agenda | Money20/20 USA.

I wanted to call it “what the fuck is the metaverse” but was forced to succumb to woke tyranny