Social media

After weeks of enduring a firestorm of negative feedback regarding its proposal to launch the Libra cryptocurrency network, Facebook is turning to a more conventional system by joining other "Pays" in launching Facebook Pay.

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset.

Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.

The digital lender and payments platform is tailoring its affinity banking services for a new market.

Mobile payments adoption is patchy, but it's getting a higher profile in social media.

The problem with bug bounties is that while it can complement vulnerability management programs, it does not offer the comprehensive coverage an enterprise requires, contends Mark Weiner, CMO of Balbix.

Consumers are looking to Instagram and other social networks over traditional branding, according to Acceleration Partners' Robert Glazer.

Social media is allowing non-celebrities to gain popularity and push consumer activity toward certain retailers to boost payments and new channels, contends Todd Grossman, CEO of Talkwalkers Americas.

Given Chinese consumers’ appetite for U.S. and foreign brands, retail companies planning to participate in this year’s holiday sales in China should consider capitalizing on China’s huge holiday sales by adopting mobile pay and influencer marketing and by emphasizing quality and authenticity, according to Franklin Chu, managing director for Azoya USA.

Due to all the data breaches and privacy mishaps, there is now a strong demand for a better, more secure solution for digital transactions, writes Mick Hagen, CEO of Mainframe.