Mobile payment app Paym shuts down in the United Kingdom

Mobile payment app - Shut Down Buttons

The application was launched by 15 of the largest UK banks and building societies is packing it in. Mobile payment app Paym was created by fifteen of the largest banks and building societies in the United Kingdom, but after eight years of struggle to try to keep its head above water, it is giving up. The application has constantly fought to try to keep up with shifts in technology and consumer trends. The mobile payment app originally launched in April 2014. It made it possible for consumers to use their…

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JCB to launch first mobile payment app for Japan’s credit giants

Mobile payment app - JCB Payments

As one of the oldest credit brands in the country, it is looking for revenue source diversification. JCB is preparing to become the first major credit card company in Japan to offer a mobile payments app, with intentions to move into that space as early as 2023 in order to secure its position among younger users. The company has a substantial international transaction network and boasts 146 million cardholders. Aside from its 146 million cardholders, it also has a substantial 39 million partner vendors. That said, they are launching their…

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YouTube dislike button barely has any impact on recommendations

YouTube dislike button

The “not interested” feature also does not have much of an impact on the recommended videos. A recent Mozilla study has shown that feedback tools such as the YouTube dislike button and “not interested” feature do not have much – if any – impact on the video recommendations a user receives on their homepage. Mozilla recently published their findings that the feedback tools barely work at all. Though the feedback tools might provide creators with some added information about what their audiences like, in terms of the recommendation algorithm, the…

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How Is Blockchain Changing The Finance Industry?

Financial Industry

The global financial system deals with almost trillions of dollars and billions of people every day. But even so, it’s full of many problems, causing frustrations over delays, extra fees, and tedious paperwork, which only opens up opportunities for crime and fraud. In fact, almost 45% of financial intermediaries across the tech and professional services sector suffer from daily crime on a daily basis. For this reason, it’s almost not surprising to witness how regulatory costs only continue to soar higher while still remaining a worrying matter for many bankers.…

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More paid features slated for Meta apps

Meta apps - Facebook and Instagram logos

Facebook and Instagram are among the applications that are lining up for additional premium features. A newly established team focused on Meta apps are getting ready to identify and build “possible paid features”, including Facebook, Instagram and WhatsApp, according to an internal memo issued to the company’s employees last week that was cited in a The Verge report. The new division of the company is its first step into the development of paid social media features. The company’s social media platforms have billions of active users. That said, the Meta…

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