CFPB Asserts Jurisdiction Over E-Commerce Privacy Regulation


Another federal agency has entered the arena for regulating e-commerce companies regarding the protection of consumer data. The federal Consumer Financial Protection Bureau has closed its first and so far only privacy case with a consent agreement between itself and an online payments processor. The CFPB charged that Dwolla falsely claimed that its data security practices exceeded or surpassed industry security standards, and also misled consumers that its information was encrypted and stored securely.

The original article can be found here: http://www.ecommercetimes.com/story/83355.html?rss=1

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Apple's Eddy Cue explains Apple Pay on Apple Watch at NBA game [u]

Oracle Arena, home of the Golden State Warriors, became the second NBA venue to adopt Apple Pay on Friday, and Apple SVP of Internet Software and Services Eddy Cue was on hand to explain how the service will work with Apple Watch.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/44220c02/sc/15/l/0Lappleinsider0N0Carticles0C150C0A30C0A70Capples0Eeddy0Ecue0Eshows0Eoff0Eapple0Epay0Eon0Eapple0Ewatch0Eat0Enba0Egame/story01.htm

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Google Pads Its Wallet


Google on Monday announced a two-pronged thrust to beef up its efforts in the mobile wallet arena. It has struck agreements with Verizon Wireless, AT&T Mobility and T-Mobile to preinstall the Google Wallet app, including its tap-and-pay functionality, on Android phones the carriers will offer later this year in the United States. The devices must run KitKat or later versions of the Android operating system. Google also purchased the technology and IP of Softcard, a mobile wallet launched in 2010 jointly by the three carriers.

The original article can be found here: http://www.ecommercetimes.com/story/81749.html?rss=1

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iTokens: Why it makes sense for Apple's rumored payment system to use tokenized transactions

Apple is finally expected to announce its entry in the mobile payments arena alongside the “iPhone 6” at a media event on Tuesday in Cupertino, and rumors suggest that the new system will be based around tokenization for enhanced security. AppleInsider took a look at what that means for users.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/3e430aa3/sc/5/l/0Lappleinsider0N0Carticles0C140C0A90C0A80Citokens0Ewhy0Eit0Emakes0Esense0Efor0Eapples0Erumored0Epayment0Esystem0Eto0Euse0Etokenized0Etransactions/story01.htm

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