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Facebook Says Facial Recognition App Was Only Used By Employees

PYMNTS

Facebook built a facial recognition app that was intended only for internal use, a company spokesperson told VentureBeat on Friday (Nov. A Facebook spokesperson told news outlets in a statement that it’s not out of the ordinary for the company to develop apps for internal use only.

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The Impact Of The Coronavirus On US Shopping Malls

PYMNTS

The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. All this, Today in Data. 400B: Approximate amount in state and local taxes the shopping industry generates in the U.S.

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EACT SURVEY 2021

Simply Treasury

The fact that there still are lots of highly manual processes around FX management is pushing for further automation for efficiency and internal controls reasons, mainly. Tags: Treasurers’ key priorities / Treasury-On-Demand / Real-Time treasury / Digitization. Next comes the use of very promising API’s (i.e.,

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

The Dubai International Financial Centre ratified the original version of its Data Protection Law (DPL) in 2007, for example — about a year earlier than Europe’s official General Data Protection Regulation (GDPR) and first Payment Services Directive (PSD) launches. 1 to adjust their standards in compliance.

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B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

This week’s B2B Fraud Tracker looks at the latest cases and allegations of fraud, which show rising sophistication in fraudsters’ tactics: internal bad actors are no longer acting alone, BEC scams are no longer reliant on chance and financial institutions face a growing trend in loan fraud. Mixing Internal and Internal Fraud.

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Bitcoin Daily: Jet Token Seeks $10M For Crypto-Based Jet Leasing Marketplace; Tradewind Blockchain Platform Launches Stablecoin Tracking System

PYMNTS

“We have selected Billon as an Elevator Lab participant because Raiffeisen Bank International is interested in applications of the distributed ledger technology. For the first time ever, the miner that produces responsibly is going to be able to tag their metal to advertise it to downstream buyers.”.

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Bitcoin Daily: FCoin Shuts After $130M Shortfall; Scam Threatens Via Google Ads

PYMNTS

Zhang said the problem was, essentially, that internal system errors had made it so users ended up with more transaction-based rewards than they should’ve had. With the proliferation of cryptocurrency, more crime has also arisen , with a $4 billion price tag on crimes involving cryptocurrency in 2019.