Category: Financial

Big Tech has established a “kill zone” of business ideas that startups can’t get funded to try

Cory Doctorow | Boing Boing | Source URL In 2014, the Economist described a “Cambrian explosion” of tech startups trying every conceivable idea in every conceivable variation, competing to find better ways to deliver better services at lower costs; today it laments the “kill-zone” of business ideas that are unfundable, either because […]

Facebook Shareholders Accuse Zuckerberg of Running ‘Corporate Dictatorship’ and Condemn Data Privacy Scandal as ‘Human Rights Violation’

Julia Conley | Common Dreams | Source URL At a tense annual meeting, Facebook shareholders added their voices to the outcry that’s been directed at the social media giant over its recent user privacy scandal and what some suggested has been CEO Mark Zuckerberg’s outsized control over the company. “If […]

Would you have a microchip implanted under your SKIN? 3,000 Swedes with electronic tags embedded into their hands risk their personal data being ‘used against them’

Harry Petit | The Daily Mail | Source URL Thousands of Europeans who have had microchips embedded into their hands are at risk of their personal data being ‘used against them’. More than 3,000 Swedes have microchip implants that let them pay for shopping, enter buildings and book train tickets. […]

War On Cash Goes into Full Effect — Purchases Over $10,000 ILLEGAL in Australia

Jay Syrmopoulos | The Free Thought Project | Source URL Canberra, Australia – The Australian government announced that it will soon be illegal to use more than $10,000 cash to purchase anything, forcing individuals that wish to buy more expensive items to use a cashier’s check or electronic transfer, ostensibly in the […]

Equifax compromised half of the country’s information. Trump’s CFPB isn’t looking into it.

Emily Stewart VOX Credit reporting agency Equifax in September revealed that a data breach had left the information of 145 million customers exposed. The company waited weeks before disclosing the incident to the public, during which time three executives sold nearly $2 million worth of the company’s shares. Not even six months later, the Consumer Financial […]

Alaskans turn to government for food and health care amid recession, prompting questions about costs

JUNEAU — Tens of thousands of people have turned to the government for health care and food amid Alaska’s recession, prompting questions from state lawmakers about the sustainability of those safety-net programs. Gov. Bill Walker’s administration projects 240,000 people to be enrolled in the Medicaid health-care program next year, up […]

POLL: Paramus Mayor Won’t Change The Blue Laws

Paramus Daily Voice PARAMUS, N.J. — Despite being home to New Jersey’s largest shopping center, Paramus Mayor Richard LaBarbiera won’t be changing the blue laws, he said. Responding to a recent opinion article by NorthJersey.com correspondent Jackie Goldschneider, the mayor said that protecting the blue laws — which prohibit shoppers from purchasing certain […]

Mastercard sets biometric ID deadline for banks

Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Mastercard has set a deadline of April 2019 for widespread use of biometric identification for users of its service. The payments company said all of its customers would be able to use biometrics, […]

Auckland leads drive towards cashless cities, Visa says

Auckland is one of nine cities to be dubbed “digital leaders” in a global study on realising the benefits of digital payments paid for by Visa. The Cashless City report makes a plea to governments around the world to drive their cities towards a cashless future, which Visa says would drive efficiencies, boost […]

Deadline Passes, Triggering Shutdown; Senate Rejects Short-Term Spending Bill

Both chambers were expected to be in session Saturday, continuing discussions over how to resolve underlying disputes WASHINGTON—The Senate rejected a one-month spending bill early Saturday, triggering the shutdown of many government services and setting off a partisan fight over who would bear the political consequences. In a dramatic night […]

Visa may be waging war against bitcoin by rejecting it as currency

The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visa’s chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. “I don’t view it as payment system player,” CEO Alfred Kelly told CNBC. “We at Visa won’t process transactions that […]

American Airlines Joins United In Cashless Transactions At MIA

MIAMI (CBSMiami) — Don’t forget to pack your credit or debit card next time you travel on American or United Airlines out of Miami International Airport. Starting Thursday, American will join United in saying no to cash and yes to plastic. “We’re cashless in cities like New Orleans, Dallas and […]

Starbucks tests no-cash policy at downtown Seattle store

Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, your money is no good at the cafe inside the Russell Investments Center unless it’s in the form of plastic. Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, […]

American Airlines is going cash-free at airports

If you’re planning on flying American Airlines out of Miami International Airport, don’t forget your debit card. Starting Thursday, the mega-airliner has announced it is moving to a cashless model at the Florida airport and will no longer be accepting anything other than credit or debit cards for desk transactions […]