Consumers caught in middle as Amazon, Visa clash over fees
Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees.
Nov 18, 2021
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Business
Page 6 - News tagged with payment
Business
Amazon to end Visa card payments in UK over high fees
Online retail giant Amazon on Wednesday said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees.
Nov 17, 2021
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19
Business
Apple loses bid to stall apps bypassing pay system in Epic Games case
A US judge on Tuesday rejected Apple's request to delay letting App Store offerings bypass its payment system as ordered by the court, saying it had 30 days to comply in a case brought by Epic Games, the creator of Fortnite.
Nov 10, 2021
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Business
Apple updates App Store payment rules in concession to developers
Apple has updated its App Store rules to allow developers to contact users directly about payments, a concession in a legal settlement with companies challenging its tightly controlled marketplace.
Oct 23, 2021
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Business
Regulator seeks transparency for payment systems of big tech
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Oct 21, 2021
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Hi Tech & Innovation
Moscow metro launches face recognition payments
Moscow on Friday rolled out a facial recognition payment system in the city's metro system, part of a rapid expansion of the controversial technology in Russia.
Oct 15, 2021
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7
Consumer & Gadgets
Visa and Apple Pay vulnerabilities leaves iPhone users open to payment fraud
Vulnerabilities in Apple Pay and Visa could enable hackers to bypass an iPhone's Apple Pay lock screen and perform contactless payments, according to research by the University of Birmingham and University of Surrey.
Sep 30, 2021
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Business
Apple rejects Epic "Fortnite" request despite S. Korea antitrust law
Apple refused to reinstate the wildly popular "Fortnite" game to its South Korean App Store Friday despite a new Seoul anti-monopoly law that effectively outlaws its lucrative digital payment platform, escalating an ongoing ...
Sep 10, 2021
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5
Business
Epic seeks 'Fortnite' return on Apple's S. Korea App Store
Major US videogame developer Epic Games has asked Apple to restore its flagship game "Fortnite" on the South Korean app store after Seoul passed a law curbing the monopolistic power of platform operators, it said Friday.
Sep 10, 2021
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Business
Apple plans to loosen App Store payment policy
Apple announced on Wednesday it will loosen some of its App Store policies, allowing media apps to steer customers directly to their websites without paying commission.
Sep 2, 2021
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Payment
A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.
In law, the payer is the party making a payment while the payee is the party receiving the payment.
This text uses material from Wikipedia, licensed under CC BY-SA
