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US Retailers Confront Data Privacy Shifts

PYMNTS

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. RILA Explains How New Data Privacy Rules Are Impacting U.S. The virus is sweeping through the U.S.

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JPMorgan Ups Security By Blocking FinTechs From Passwords 

PYMNTS

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan. Most of the digital financial products and services?.?.?.?are Data security is an issue with far-reaching consequences.

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Payment Processing USA: 2024 Market Overview

Clearly Payments

Credit card sales volume in the USA by year from 2018 to 2023 Year Credit Card Transaction Volume (USD) 2018 $3.7 Regulatory Changes : New regulations focusing on data privacy and security standards are anticipated in the coming years, impacting how payment processors handle personal and transactional data. trillion 2019 $4.0

Process 105
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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Microsoft said in 2018 that it had discouraged a commercial push to develop a standard for facial recognition technology. “In San Francisco is one of seven municipalities that have blocked the government’s use of the technology, citing privacy and bias.

Laws 121
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Retailer Hanna Andersson, Salesforce Are First Sued Under New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. In retailing it’s usually a good thing when you’re the first to do something. Except when it’s a lawsuit.

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Google Spent $21M On Lobbying In 2018

PYMNTS

million on lobbying in 2018 and for two years in a row has been the leading corporate spender among the tech companies. In 2009 Google spent $4 million on lobbying, with that increasing fivefold in 2018. million in lobbying in 2018, which was up 27 percent from two years ago, while Facebook spent $12.6 million in 2018.

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Retailer Hanna Andersson, Salesforce Get First Taste Of New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. In retailing it’s usually a good thing when you’re the first to do something. Except when it’s a lawsuit.

CCPA 52