A library of snippets
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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
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EMVCo, which is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa, has formed the Electric Vehicle Open Payments Task Force. The task force will engage with EV industry participants to look for ways to apply EMV payment technology or standardized transaction processing to EV charging.
From: Electric vehicles may spark a new EMV standard | PaymentsSource | American Banker.
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A select number of US customers will be eligible for the pilot programme after completing a security validation during the SafeKey checkout process and using a device and browser that support facial and fingerprint recognition. These features will be rolled out to all US cardholders in early 2024.
From: American Express to pilot biometrics at the online checkout.
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Built using AI technology, Eternity is one of the latest South Korean acts pushing the boundary between real and virtual entertainment. And the group’s creator and management company, Pulse9, believes that computer-generated stars have a significant edge over their real-life counterparts.
From: Virtual K-pop bands powered by AI are on the rise in South Korea | CNN.
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ritain’s passport database of 45 million people will be used to help catch shoplifters, burglars and car and bike thieves under plans to tackle crime.
Video of suspected crime from CCTV, doorbell and dashcam technology would be compared against facial images from a range of government databases to find a match under the plans.
The immigration and asylum biometrics system would also be available in order to search for foreign nationals who are not on the passports database.
Chris Philp, the policing minister, urged members of the public to make citizen’s arrests if they spot shoplifters
THOMAS KRYCH/ALAMY
Chris Philp, the crime and policing minister, said he is planning to integrate data from the police national database (PND), HM Passport Office and other national databases in order to enable police to find a match with the “click of one button”. He said he is aiming to have the amalgamated system up and running within two years and predicted it would be a gamechanger for catching thieves. He also called on members of the public to make citizen’s arrests in supermarkets if they see shoplifters.From: Passport database ‘will be used to catch shoplifters and burglars’.
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The new CEO of Hong Kong’s Octopus Group plans to gradually shift the stored-value payment service “from plastic to phone”, while also renewing efforts to better penetrate local markets where physical cash is still king.
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The project is inspired by the New Babylon project of artist Constant Nieuwenhuys, who co-founded the avant-garde COBRA art movement in the 1950s.
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