When the online marketplace giant made the announcement, PayPal started taking an immediate hit. PayPal shares have been falling since last week when Amazon announced to its users that the popular mobile payments service owned by PayPal, Venmo, would no longer be an accepted transaction method on its site or app. Amazon announced that the changes to the transaction method acceptance would start January 10. Though Venmo hasn’t yet been cut off for shoppers making mobile payments on Amazon, PayPal is already suffering from the decision as its stock price…
Read MoreAuthor: Stephanie Beck
Apple sued over mobile payments market competition abuse allegations
Venmo and Cash App customers have filed a class action lawsuit against the iPhone maker. PayPal’s Venmo and Block’s Cash App customers have sued Apple Inc. in a proposed class action lawsuit accusing the iPhone maker of having required consumers to pay “rapidly inflating prices” by manipulating mobile payments market competition. The class action lawsuit was filed by four customers from Georgia, Hawaii, New York and South Carolina. The mobile payments competition lawsuit was filed in a San Jose, California federal court. The filing accuses Apple of having violated US…
Read MoreQuishing trends take off as smartphone users increasingly scammed by QR code scans
A new report suggests that the number of attacks using quick response barcodes is up 587 percent. Quishing, that is, the practice of launching a cybersecurity attack by way of a QR code scan, is a trend that is rising much more rapidly than many smartphone users realize, placing them at risk of falling victim to one of these scams. According to a recent report, the rise in instances from August to September 2023 alone was a staggering 587 percent. Researchers from Check Point’s Harmony Email team observed thousands of…
Read MoreCanadian government bans WeChat Chinese app from its devices
The country officially announced that the application is banned on all government gadgets. Canada’s federal government has announced that it is banning the popular Chinese app WeChat from all its devices. WeChat, often nicknamed the “everything app”, is like a combination of many other popular applications. The Chinese app is somewhat like a combination of Facebook, WhatsApp, Amazon and Tinder, all in one place. That said, there are some substantial concerns about the application among Western governments. Mainly, this has to do with the potential for the application to be…
Read More