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Meta teams up with UK banks to mitigate scams

News | Online & Mobile Banking | 07 Oct 2024

US-based multinational technology corporation Meta has expanded its information-sharing partnership with banks across the UK to safeguard individuals against fraud and scams. 

fraud management, fraud detection, online fraud, online security, data sharing

Revolut calls on Meta to share fraud reimbursement responsibility

News | Digital Identity, Security & Online Fraud | 04 Oct 2024

UK-based fintech Revolut has urged Meta to share responsibility for reimbursing users who fall victim to fraudulent activities.

fintech, fraud prevention, scam, customer experience

Meta fined over password security violation

News | Payments General | 01 Oct 2024

US-based multinational technology corporation Meta has been fined USD 102 million by the Irish DPC over not encrypting user passwords. 

regulation, data protection, data breaches, biometrics, biometric authentication

MobiKwik's ZaakPay integrates Meta to deliver payments on WhatsApp

News | Payments General | 20 Sep 2024

India-based fintech company MobiKwik has announced that its payment gateway arm, ZaakPay, has partnered with Meta to provide an embedded payment solution via WhatsApp

partnership, payment methods, UPI, digital wallet, credit card, debit card, SMEs

Meta to pay USD 1.4 bln to settle facial recognition data lawsuit

News | Digital Identity, Security & Online Fraud | 01 Aug 2024

Meta has agreed to a USD 1.4 billion settlement with Texas to resolve a lawsuit alleging that it illegally used facial-recognition technology to collect biometric data from Texans without consent. 

Meta, data privacy, biometrics, facial recognition, settlement

Brazil orders Meta to stop training its AI on Brazilian personal data

News | Digital Identity, Security & Online Fraud | 04 Jul 2024

Data protection authority in Brazil (ANPD) has blocked Meta from training its AI models on Brazilian personal data, citing the risks of serious damage and difficulty to users.

online security, data protection, regulation, artificial intelligence

EDPB's view on Meta forcing users to pay for data protection

News | Digital Identity, Security & Online Fraud | 18 Apr 2024

The European Data Protection Board (EDPB) has announced that online platforms, including Meta, should not require users to pay for data privacy for ad-free subscriptions.  

GDPR, data privacy, regulation, data protection, data analytics

Meta partners with ONDC

News | Payments General | 20 Dec 2023

Meta has announced its partnership with ONDC in order to provide small businesses in the region of India with an optimised digital commerce experience. 

partnership, payments , online payments, digital payments, mobile payments, ecommerce

PayPal partners with Meta

News | Online Payments | 08 Sep 2023

PayPal has announced its partnership with Meta in order to allow donations on Facebook and Instagram in the regions of the US, UK, Australia, and Canada.

partnership, product launch, expansion, mobile payments, online payments, digital payments, donation

Meta to ask for targeted ads consent in the EU

News | Digital Identity, Security & Online Fraud | 02 Aug 2023

US-based Meta has agreed to ask EU-based users for consent before allowing businesses to perform targeted advertising based on their preferences.

regulation, compliance, GDPR, data protection

Meta Platforms partners with nsKnox

News | Digital Identity, Security & Online Fraud | 06 Jul 2023

Meta Platforms has selected US-based nsKnox to provide global vendor account validation and B2B payments fraud protection.

B2B payments, partnership, fraud management, data protection

Meta receives USD 1.3 bln EU fine over data privacy

News | Digital Identity, Security & Online Fraud | 23 May 2023

Meta has been fined with EUR 1.2 billion by regulators from the European Union for violating EU privacy laws by transferring personal data of Facebook users to servers in the US.

Meta, Facebook, data sharing, data privacy, GDPR

Meta is working on a decentralised text-based content app

News | Cryptocurrencies | 10 Mar 2023

Meta has reportedly started the development of a decentralised, text-based social network application that supports ActivityPub.

product launch, blockchain, Meta, data privacy

Brazilians can now pay SMEs using WhatsApp

News | Mobile Payments | 03 Mar 2023

Brazil's central bank has approved Meta Platforms' (META.O) payments launch for SMEs in Brazil via its messaging application WhatsApp, building on the app's existing local peer-to-peer payment system.

mobile payments, SMEs, customer experience, m-commerce

MercadoLibre considers business payments on WhatsApp

News | Mobile Payments | 08 Dec 2022

Ecommerce retailer and fintech firm MercadoLibre has announced it is discussing with Meta to start processing payments on the WhatsApp messaging service in Brazil.

partnership, payments , mobile payments, online payments, direct to consumer, WhatsApp, payment processing, instant payments

Meta launches a new Metaverse experience in Africa

News | Cryptocurrencies | 28 Nov 2022

US-based Meta has launched its first Metaverse experience in Africa to help Nigerian creators explore new ways to connect with their communities.

metaverse, NFT, product launch, Augmented Reality