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Visa Brings Virtual Card Payment Facility to Clients Worldwide

23Nov By AnkitaNo Comments

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Visa Brings Virtual Card Payment Facility to Clients Worldwide

SAN FRANCISCO, November 23rd, 2020-- Visa (NYSE:V), the world’s leader in digital payments launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cash flow for businesses and eliminate outdated manual processes. Virtual commercial cards have never been more necessary than today. Remote workers are turning to personal cards to pay for corporate expenses, buyers and suppliers need more efficient ways to pay and get paid, and businesses need immediate visibility into their company spend to improve cash flow and mitigate risk efficiently. Visa Commercial Pay provides comprehensive card-program management capabilities, including on-demand virtual card issuance to employees’ mobile devices via an app, created exclusively by Conferma Pay and Visa, for Visa’s commerci...

PayPal Launched Crowdfunding platform Generosity Network

19Nov By AnkitaNo Comments

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PayPal Launched Crowdfunding platform Generosity Network

SAN JOSE, Calif., Nov. 20, 2020: Global cross-border online payment platform PayPal will now enable its customers in the U.S. to create customized fundraising campaigns through its newly launched Generosity Network. Inspired by the rising popularity of peer-to-peer crowdfunding, Paypal Generosity Network let people raise up to $20,000 over a 30-day period. More than half of charitable organizations in the U.S. expect to raise less money than they did in 2019, as a result of the financial strain experienced by people and businesses across the country since the start of the pandemic. With more than 65 million Americans filing for unemployment over the course of the pandemic, many have turned to family, friends, and the generosity of those in their community who have been able to pr...

WhatsApp added Shopping button in its App

11Nov By PriyankaNo Comments

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WhatsApp added Shopping button in its App

New York, 11th Nov. 2020: Leading messenger platform WhatsApp has added a new shopping button on its app to make it easier for people to discover a business catalog to get information about the goods and services offered by the firm. More than 175 million people message a WhatsApp Business account every day and more than 40 million people view a business catalog each month. "And, we want to make the shopping experience even better especially as we get ready for a holiday shopping season unlike any other when people will need helpful ways to make purchases remotely and businesses want digital tools to close sales," WhatsApp said in a statement. The new shopping button is available now across the world and will replace the voice call button, it added. To find the voice call butto...

Bigbasket Data Breach, Data of 20 million users put on Dark Web

9Nov By AdityaNo Comments

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Bigbasket Data Breach, Data of 20 million users put on Dark Web

New Delhi, Nov 8, 2020: India's leading online grocery platform Bigbasket faces a potential data breach that could leak the details of its 20 million users, according to cyber intelligence firm Cyble. The company has filed a police complaint in this regard with Cyber Crime Cell in Bengaluru and is verifying claims made by cyber experts. The cyber firm said that a hacker has put data allegedly belonging to Bigbasket on sale for around $40,000 (Rs 30 lakh). "In the course of our routine dark web monitoring, the research team at Cyble found the database of Big Basket for sale in a cybercrime market, being sold for over USD 40,000. The leak contains a database portion; with the table name ''member_member''. The size of the SQL file is about 15 GB, containing close to 20 million user d...

Udemy for Business Surpasses $100 Million Annual Recurring Revenue Milestone

31Oct By AdityaNo Comments

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Udemy for Business Surpasses $100 Million Annual Recurring Revenue Milestone

SAN FRANCISCO, 31st Oct 2020-- Global platform for online learning Udemy's corporate learning solution, Udemy for Business scaled from $1 million to $100 million annual recurring revenue (ARR) in just five years. On Udemy more than 57,000 instructors teach over 130,000 courses in over 65 languages. Udemy for Business curates 7,000 of the highest-rated courses from the marketplace covering the most in-demand professional skills that employees need to become better subject-matter experts, leaders, and collaborators. “We’ve entered an era of continuous change, and companies and individuals need continuous learning to thrive,” said Stephanie Stapleton, Vice President of Customer Success at Udemy. “The pandemic has only accelerated the global movement toward online learning. We’re thrille...

Pakistan unblock TikTok after it vows to moderate content

19Oct By PriyankaNo Comments

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Pakistan unblock TikTok after it vows to moderate content

ISLAMABAD, Oct 19, 2020: The Pakistan Telecommunication Authority decided to unblock the video-sharing app TikTok after receiving assurance from Tiktok management to remove the vulgar content. The spokesperson of PTA said the TikTok management has assured the authority that it will block all accounts repeatedly involved in spreading obscenity and immorality and moderate content in accordance with local laws. The authority has not announced whether the app will be unblocked immediately. The authority had said at the time of the ban that the decision was made after it received complaints ‘against immoral/indecent content’ on the app. The PTA said it had issued a final notice to the app and gave considerable time to respond and develop and an effective mechanism for ‘proactive modera...

Microsoft makes Work from Home permanent for some Staff

13Oct By AdityaNo Comments

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Microsoft makes Work from Home permanent for some Staff

Houston, Oct 13th, 2020: Tech company Microsoft has decided to expand its work-from-home policy and make it permanent for some workers. The company has released the new "hybrid workplace" guidance that lays out how employees can have a more flexible remote work schedule and even relocate elsewhere in the country, while it continues to adjust to changing needs during the ongoing pandemic. Microsoft will allow employees to work from home freely for less than 50 per cent of their working week, and managers will be able to approve permanent remote work. "We will offer as much flexibility as possible to support individual work styles, while balancing business needs, and ensuring we live our culture," Kathleen Hogan, Microsoft''s chief people officer, said in a post on the official Micr...

Amazon Sends Legal Notice to Future Group over Asset Sale to Reliance Group

12Oct By PriyankaNo Comments

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Amazon Sends Legal Notice to Future Group over Asset Sale to Reliance Group

NEW DELHI, 12th October 2020: US based eCommerce giant Amazon sends a legal notice to Future Group, alleging that the retailer's $3.4 billion asset sale to Reliance Industries violated an agreement with the e-commerce giant. "We have initiated steps to enforce our contractual rights," a spokesperson for the Seattle-based e-commerce giant said. "As the matter is sub-judice, we can't provide details." In August 2019, Future Retail had informed stock exchanges that Amazon.Com NV Investment Holdings LLC would acquire 49 per cent stake in Future Coupons from their promoters, led by Kishore Biyani, for an undisclosed amount. At that time Future Coupons held 7.3 per cent stake in Future Retail. As part of the agreement, Amazon was also granted a call option, which allowed the US e-commer...

Paytm Launches its Own App Mini Store after Google Hit

5Oct By PriyankaNo Comments

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Paytm Launches its Own App Mini Store after Google Hit

New Delhi, 5th Oct 2020: India's leading payment app Paytm has launched its own mini-app store to support local app developers after Google ban its payment app without sending an official email to the company. Paytm being temporarily removed from Google’s Play Store on 18th September for violating developer guidelines. Also, Google proposes a 30% commission from the Indian app developers through its in-app billing system but facing backlash Google delays this decision to April 2022. Paytm in its official statement said, the mini-app store will help developers take their products to the masses and is providing listing and distribution of these mini-apps within its app. More than 300 apps, including Decathlon, Ola, Rapido, Netmeds, 1MG, Domino’s Pizza, FreshMenu, NoBroker, have join...

Amazon Introduces Amazon One, a Contactless Payment via Palm

29Sep By PriyankaNo Comments

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Amazon Introduces Amazon One, a Contactless Payment via Palm

Seattle, 29th Sept 2020- US-based eCommerce platform Amazon Introduces Amazon One, a contactless way for people to use their palm to pay at the store, entering a location like a stadium, etc. Amazon said the service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature." Amazon will use this service in select Amazon Go stores, where Amazon One will be added to the store’s entry gate as a convenient choice for customers to use to enter the store to shop. In most retail environments, Amazon One could become an alternate payment or loyalty card option with a device at the checkout counter next to a traditional point of sale system. The process takes less than a minute to sign up at these Amazon Go stores using an ...

Cambridge Analytica Boss Banned from Holding Company Directorships

26Sep By AdityaNo Comments

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Cambridge Analytica Boss Banned from Holding Company Directorships

LONDON, 26th Sept. 2020— The boss of Cambridge Analytica has been banned from holding company directorships for seven years effective from 5 October 2020 over a scandal on Facebook users’ private data theft. Britain’s Insolvency Service banned Alexander Nix from running companies after he permitted Cambridge Analytica’s parent firm, SCL Elections Ltd., and connected firms to “market themselves as offering potentially unethical services to prospective clients.” U.K.-based Cambridge Analytica was accused of playing a key role in the 2014 breach of 87 million Facebook users’ personal data. The company denied it used the data for Trump’s 2016 election campaign, but some former employees have disputed that. Facebook CEO Mark Zuckerberg has said that it was “entirely possible” the social m...

Nikola Founder Resigned Amid Allegations

21Sep By AdityaNo Comments

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Nikola Founder Resigned Amid Allegations

FRANKFURT, Germany (AP)— Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton resigned and the departing executive chairman said he would defend himself against accusations that the company made false claims about its vehicles, allegations Nikola rejects. Milton said in a message to Nikola employees that he was stepping aside because “the focus should be on the company and its world-changing mission, not me.” Shares in the company based in Phoenix, Arizona, were off 30% in premarket trading. A report from Hindenburg Research from Sept. 10 said the company's success was “...