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During a hearing in the US Senate, David Marcus, the head of Facebook’s digital currency project Libra, said that Swiss authorities will be overseeing data and privacy protections for its

The post Libra: Despite Claims, Facebook Has Yet To Contact Swiss Data Protection Authority appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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The Washington Post is reporting that as part of a milestone settlement against Facebook, the Federal Trade Commission (FTC) is going to say that Facebook lied to users about handling phone numbers and that it misled users about turning off a photo recognition tool. The phone number issue concerns Facebook’s two-factor authentication, which allowed users […]

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Japan’s SoftBank is going to launch a second investment vehicle based on its mega popular $100 billion Vision Fund, according to a report by The Telegraph. The new fund, like the previous one, is meant to spark investment in cutting-edge technology companies around the globe. It’s being backed by Saudi Arabia’s Public Investment Fund and […]

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Among the main stories in payments in recent months has been the increasing push to reform federal banking laws so that legal cannabis retailers can move away from their cash-based businesses and move further into the world of the digital payments. On Tuesday (July 23), that push lost some steam, at least temporarily. At issue […]

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The Justice Department (DOJ) is going to open a new, separate investigation into the potential antitrust activities of tech companies, compounding troubles for companies like Facebook, Apple and Google that are already the subject of probes by the DOJ and the Federal Trade Commission (FTC).  The Wall Street Journal is reporting that the probe will […]

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Slowly but steadily, healthcare is becoming more mobile about payments, and that trend – a very long time in coming – appears to have picked up steam in recent months. And, taken one step further, recent activity along those lines is helping to prepare the healthcare industry as a whole – not only for payments, […]

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