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Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The biometric authentication will be used to verify the identities of individuals connected to businesses that are suspected of fraudulent activity.

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Verishop Adds More Social Features To Its eCommerce App

PYMNTS

What began as an eCommerce site has grown to include social elements, such as allowing users to upload photos and videos, tag products, and follow brands and other users, announced in a company press release. In addition, users can create “collections,” where they can store favorite products in either private or public boards.

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Facebook Expands Facial Recognition To All Users

PYMNTS

Facebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Facebook Axes Controversial Tag Suggestions, Adds Facial Recognition For All

PYMNTS

Facebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc. It will happen.”.

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FTC: Facebook Lied To Users About Authentication, Facial Recognition

PYMNTS

The FTC will also claim that Facebook didn’t tell about 30 million people that they could turn off a facial recognition tool that tagged people in photos. Those two complaints will be part of the settlement, which will reportedly include a $5 billion fine and the creation of a privacy board meant to provide oversight of Facebook.

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Ghana To Adopt West African ‘Eco’ Currency

PYMNTS

“Under the deal, African countries in the bloc will not have to keep half of their reserves in the French Treasury, and a French representative will no longer sit on the currency union’s board,” Reuters said.