The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting deposits, credit transactions, top-ups in customer accounts, prepaid instruments and wallets after February 29. Wednesday’s move follows the Indian central bank ordering Paytm Payments Bank to … Read more
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple has offered to give rivals … Read more
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Apple will let third-party mobile wallet and payment providers access the iPhone’s NFC capabilities in concessions meant to address a European Commission antitrust investigation, the regulator announced today. The Commission is now seeking feedback on the commitments, which would end Apple Pay and Apple Wallet’s exclusive access to the iPhone’s NFC payment features. It’s the … Read more
The European Union has called for changes to the music streaming business, including fairer royalty distributions and increasing payments to artists. On Wednesday (January 17), the EU adopted a resolution to address the imbalance of revenue allocation in music streaming, including creating a new legal framework for streaming. There are currently no EU rules that … Read more
After a years-long legal battle, Apple is finally opening up its App Store to external payment processors—although there will be a stiff cost for app developers who want to cash in on that new opportunity. The M3 MacBook Pro: Made Dark for Halloween Apple’s rule changes for its app marketplace were revealed in a legal … Read more
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Apple has updated its App Store policies to spell out how developers can link to outside payment platforms, as reported by 9to5Mac. Developers will still owe Apple a cut if they use an outside payment platform. Apple will take a 27 percent cut (as opposed to the 30 percent in many cases) or 12 percent … Read more
SACRAMENTO, Calif. (AP) — California Controller Malia M. Cohen wants Congress to change the tax code to cap deferred payments, a change that could ensure the state is owed more money from Shohei Ohtani. Cohen made the request four weeks after the two-way star and the Los Angeles Dodgers agreed to a record $700 million, … Read more
The ongoing investigation into Tampa Bay Ray’s shortstop, Wander Franco, has taken a surprising turn as prosecutors allege financial transactions involving the player and the mother of a 15-year-old minor at the center of the case. According to reports, after engaging in a relationship with the underage girl, Franco purportedly started paying the girl’s mother … Read more
The new year is almost here, which means your Social Security checks are getting a cost of living adjustment increase of 3.2%. The first round of January payments will start getting disbursed this week for some beneficiaries. If you’re not sure how much more money you’re getting, you can check here. Keep reading to find out when … Read more
People who sought straighter teeth with invisible aligners from SmileDirectClub could be in a tough spot, now that the company has announced a complete shutdown just a couple months after filing for bankruptcy. On its website, the company explains that customers of SmileDirectClub won’t be able to receive any more aligners or customer care, regardless of … Read more