Apple says that Apple Pay will launch in Mexico ‘very soon’

Apple Pay is set to make its debut in Mexico “very soon” with support for some of the country’s largest banks at launch.

The company’s Mexican site detailing Apple Pay, which first appeared in October, now states that the contactless payment platform will arrive “muy pronto,” or very soon.

Additionally, some hidden code on the landing page spotted by Twitter user @urielarcia suggests that Apple Pay will be compatible with Banregio, Hey Banco, Inbursa, and CitiBanamex at launch. Some initial retailers that will support the payment platform in Mexico could also include Best Buy, Burger King, Uber, Rappi, and La Comer, among others.

The page itself details the benefits of Apple Pay’s contactless payments, including the convenience and security, as well as the ability to make payments without touching money or objects amid the ongoing coronavirus pandemic.

An exact release date isn’t clear, but given that Apple Pay in

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Northern California county to pay $10 million after shooting, paralyzing Silicon Valley software engineer

By OLGA R. RODRIGUEZ | The Associated Press

SAN FRANCISCO  — A Northern California county has agreed to pay nearly $10 million to settle a lawsuit by a Silicon Valley software engineer who was having a mental health crisis when a deputy shot him, paralyzing him from the waist down.

Placer County agreed to pay Samuel Kolb, 50, and his family $9.9 million to settle a lawsuit the family filed after a deputy shot him twice on Jan. 14, 2018, inside a North Lake Tahoe rental cabin where Kolb and his teenage son were vacationing, Kolb said.

“There’s a measure of relief in not having to go through this and not having to put my family through any more legal challenges. But I would trade all the money plus interest to have my old life back, to not have gone through this and put my family through this, to have

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Snap to pay $1 million a day to creators for spotlight videos

Snap is rolling out a new tool for its Snapchat app to feature popular videos, called Spotlight, and said it will pay out $1 million a day to creators of the top-performing posts.

To earn the money, video submitters to Spotlight don’t have to have large followers — or even have public profiles. Instead, an algorithm will determine what to show Snapchat users based on how often others view the post. If others view the same video repeatedly, for instance, that’s a signal it’s catching on and will spur the algorithm to distribute it more widely.

The new feature will help Snapchat in a competitive market for posting entertaining videos online, dominated by Facebook’s Instagram and Google’s YouTube, with China-based ByteDance’s TikTok rising fast among younger audiences. Snap CEO Evan Spiegel has eschewed public metrics, such as likes and follows, that drive the market for influencers, the most-followed users on

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Dallas ISD plans to build cell towers, pay for internet to help students

Almost none of the students at W. W. Samuell High School had access to district-issued laptops or internet hotspots in their homes just one year ago.

In what would now be viewed as a prescient decision, Principal Jennifer Tecklenburg started handing out Chromebooks to students in December so that every student could have a device to take home.

“It was an equity issue,” she said. “The students needed the technology at home as much as they needed it at school.”

Most of Samuell’s students had a device when the pandemic forced campuses in Dallas and across the country to close last March. But there was still the glaring issue of internet connectivity – what good was a laptop if a student didn’t have a Wi-Fi connection to use it on?

Students completed work on their phones, submitted assignments via text message or parked outside of libraries and restaurants to access

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For the sake of democracy, social media giants must pay newspapers

The news that France’s court of appeal has ruled in favour of the French Competition Authority’s order that Google must negotiate payments with publishers for linking to their content has provoked predictable howls of outrage from the tech industry and their more sympathetic commentators. “This,” observes Benedict Evans, the analyst recently returned from a big Silicon Valley venture capital firm, in his invaluable weekly newsletter, “is a fascinating logical fallacy – it makes perfect sense as long as you never ask why no one other than Google pays to link either and never ask why it should only be newspapers that get paid to be linked to.”

a close up of a newspaper: Photograph: Marc Piasecki/Getty Images

© Provided by The Guardian
Photograph: Marc Piasecki/Getty Images

The only place where the news of the French decision seems to have been greeted with enthusiasm is Australia, whose Competition and Consumer Commission (ACC) is putting the finishing touches to a mandatory news

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Bay Area’s DoorDash to pay $2.5 million after allegedly tip theft

Bay Area restaurant-delivery firm DoorDash has agreed to pay $2.5 million to settle a government lawsuit alleging it stole drivers’ tips and deceived customers into thinking their tip money was going to drivers.

Washington, D.C. attorney general Karl Racine filed the civil suit last year, and in a news release accused the San Francisco company of “lowering labor costs by swiping tips left for workers.”

Racine claimed “DoorDash led consumers to believe that any tips would go directly to food delivery workers, while instead effectively treating this money as extra profit for the company.”

The suit in District of Columbia Superior Court alleged DoorDash would reduce drivers’ pay for each job by the amount of any tip. For example, if a customer left no tip on a job that was to pay $10 to the driver — called a “Dasher” by the company — DoorDash would pay the driver $10,

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Visa and Conferma Pay launch digital B2B payment solution

  • Visa and payments technology provider Conferma Pay introduced Visa Commercial Pay.
  • This suite of digital payment solutions is meant to enable more efficient processes for commercial clients, extending the card network’s reach in the digital B2B payments space. 

The card network launched Visa Commercial Pay, in partnership with payments technology provider Conferma Pay, to help improve payment processes for Visa’s commercial clients and financial institutions.

visa payments volume

Visa and Conferma Pay launch digital B2B payment solution.

Insider Intelligence

The suite includes three offerings: The first, Visa Commercial Pay Mobile, is a mobile app with tools that help track and manage business spend. The offering also includes a virtual Visa-branded card that can be added to a mobile wallet to facilitate business transactions for employees and contractors.

The second product is Visa Commercial Pay Travel, a travel spend solution that plugs into the Pay Mobile app and integrates into business travel reservation processes

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Apple to pay $113 million for slowing down old iPhones

  • Apple will pay $113 million in a settlement for an investigation into its past practice of intentionally slowing down people’s iPhones.
  • The payout is the latest Apple has made in regard to the matter — the company paid $500 million to settle a class-action lawsuit in May.
  • Apple admitted to slowing phones down in 2017 and said it was to prevent old batteries from randomly shutting devices off, not to force customers to buy newer smartphone models, as some believed.
  • Visit Business Insider’s homepage for more stories.

Apple will pay a $113 million settlement in an investigation into the company’s practice of intentionally slowing old iPhones down, a move that some customers perceived as a tactic to force them into purchasing new, more expensive models. The Washington Post first reported the news.

Apple declined Business Insider’s request for comment and pointed to a part of the filing that stated Apple’s

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India Tycoon Asked to Pay $8.4 Billion to Stay Out of Jail

(Bloomberg) — India’s market regulator has petitioned the Supreme Court to direct tycoon Subrata Roy to immediately pay 626 billion rupees ($8.4 billion) meant for poor investors immediately, or cancel his parole.

Subrata Roy et al. posing for the camera: Subrata Roy, Chairman of Sahara India Pariwar, at the Supreme Court on April 27, 2017 in New Delhi, India.

© Photographer: Hindustan Times/Hindustan Times
Subrata Roy, Chairman of Sahara India Pariwar, at the Supreme Court on April 27, 2017 in New Delhi, India.

The Securities and Exchange Board of India said the outstanding liability of the Sahara India Parivar group’s two companies and the conglomerate’s chief Roy stand at 626 billion rupees, including interest, according to court filings seen by Bloomberg. Roy’s liabilities have ballooned from 257 billion rupees he was ordered to pay eight years ago.


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India’s Supreme Court in 2012 ruled that Sahara group companies violated securities laws and illegally raised over $3.5 billion. The companies said monies were raised in cash from millions of Indians who could not avail banking facilities. Sebi

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Affirm publicly reveals IPO filing amid buy now, pay later surge

  • Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday.
  • The company reported a net annual loss of $125.8 million for its latest fiscal year, which ended in June, down 6% from 2019 — while its annual revenue nearly doubled year-over-year to $509.5 million.
  • Affirm, founded and headed by PayPal alum Max Levchin, confidentially filed to go public in October, and was privately valued at $2.9 billion last year, according to PitchBook.
  • Affirm is among the wave of “buy now, pay later” fintech startups that have taken off this year as online shopping soars and consumers remain wary of overextending their budgets during the pandemic.
  • Visit Business Insider’s homepage for more stories.

Affirm made its initial public offering documents publicly available on Wednesday, providing the most detailed look yet at the company’s inner financial workings.


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