Payments News

On The Web

nbsp;

Companies

WhatsApp Could Shake Up Digital Payments in India

“Just 16 months after demonetization forever changed the way Indians pay for things, WhatsApp is set to disrupt the market yet again. With more than 200 million Indians already using its messaging, WhatsApp is piloting a payment service that lets them transfer money to each other. The well-timed move has riled rivals, who say the Facebook Inc. unit hasn’t […]
nbsp;

Companies

Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs

“Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.” That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like […]
nbsp;

Companies

Facebook says Cambridge Analytica may have gained 37m more users’ data

“The Facebook data of up to 87 million people – 37 million more than previously reported – may have been improperly shared with Cambridge Analytica, the company has revealed. This larger figure was buried in the penultimate paragraph of a blogpost by the company’s chief technology officer, Mike Schroepfer, published on Wednesday, which also provided updates on the changes […]
nbsp;

Companies

Facebook Plans to Create Its Own Cryptocurrency

“Facebook is exploring the creation of its own cryptocurrency, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar. “They are very serious about it,” said one of the people, who asked not to be identified discussing unannounced plans. Facebook started […]
nbsp;

Companies

Instagram Payments Could Be a Surprise Threat to PayPal

“Facebook quietly rolled out payments in Instagram to some users at the beginning of the month. The payments feature asks for users to input their credit or debit card information once, and then it can be used to pay for products or services advertised on Instagram. The feature currently only works for booking appointments, but it […]
nbsp;

Companies

Facebook Patent Sets Out How AIs Could Accept Messenger Payments

“One or more embodiments use natural language processing to analyze messages from the user to the messaging bot, and from the messaging bot to the user, to identify a product and a request to purchase the identified product. Based on the identified product and the request to purchase the product, one or more embodiments initiate […]