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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
Social media platform Meta (Facebook) has announced a new chat shortcut for Messenger users designed to smooth internal payments.
Meta, Facebook, online payments, mobile payments, instant payments, cash flow, cashless
Meta has announced that Split Payments are now available within its Messenger app in the US on iOS and Android phones.
Meta, Facebook, mobile payments, product upgrade, digital payments
UK-based TSB bank has observed the doubling of romance fraud cases in the pandemic as a result of the shift to online dating amid distance restrictions.
research, friendly fraud, Facebook, financial crime, online fraud
Meta Platforms has filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts.
Facebook, Meta, phishing, digital banking, financial services
Meta, formerly known as Facebook, has announced its first-ever US marketing push for one of the company’s social media and instant messaging apps, WhatsApp. The first TV ad aired in late January 2022 and the Meta’s intend is to make the instant messaging app as popular in the US as it is in Europe.
WhatsApp, product upgrade, Facebook, encryption
Meta Platforms-led enterprise Diem Association has decided to sell its technology to Silvergate Capital for USD 200 million, according to CoinDesk, citing The Wall Street Journal.
Diem, Diem Association, Facebook, acquisition
Social media companies Instagram and Facebook (Meta) have been reportedly considering a way to create, display, and sell NFTs on their platforms.
Facebook, Instagram, metaverse, Novi, NFT, digital assets
Meta-owned social media platform WhatsApp is planning on testing its payment feature in the US, using Novi integration.
Novi, WhatsApp, Facebook, digital wallet, stablecoin, online payments
Meta has released the new Stars Fest, a one-month campaign running throughout December 2021 that comes with several new Stars features to promote Facebook creators and reward users.
product upgrade, Facebook, mobile payments, digital payments, real-time payments, instant payments, online payments
Facebook Messenger has announced that it is testing a new split payments feature that allows users to share the cost of expenses and bills directly through the app.
product upgrade, Facebook, online payments, mobile payments, e-money, QR payments, QR code
Facebook has announced it will make two-factor authentication (2FA) mandatory for high-risk accounts likely to be targeted by malicious hackers.
Facebook, two-factor authentication, risk management, online authentication
Facebook has decided to reverse its policy that prevented most cryptocurrency companies from running ads on its services.
Facebook, cryptocurrency, startup
Facebook’s parent company Meta has announced it’s looking into opening physical stores in the US.
Facebook, product launch, shopping, Amazon
Rebranded to Meta, Facebook has started testing its Novi cryptocurrency wallet on WhatsApp, as a part of a pilot programme in the US.
product launch, Facebook, e-wallet, cryptocurrency, WhatsApp
VTEX, a UK-based digital commerce platform, has announced the integration with Facebook that leverages online campaigns with data intelligence and improves sale conversion.
ecommerce, Facebook, API, GDPR, customer experience
Facebook-owned messaging service WhatsApp has announced that the camera icon in its chat composer will allow users to scan QR codes to make payments in Indian stores.
product launch, WhatsApp, Facebook, contactless payments
Facebook has started to roll out Facebook Pay as a payment option directly on merchant websites, starting with Shopify sellers in the US.
merchants, ecommerce, online shopping, Facebook
Facebook India has partnered with Indifi, announcing a programme to help small and medium businesses (SMBs) that advertise on Facebook to get quick access to credit.
Facebook, funding, trade finance, supply chain finance, SME lending
Facebook has announced it will launch the Novi digital wallet tied to the Diem blockchain-based payment system, having received the necessary regulatory clearances.
Facebook, Diem, Diem Association, mobile payments, e-wallet