Regulators Want more Details of Payment Systems

To be expected, how can the details of this be used to improve security?

Regulators demand more info about tech payment systems  in TheVerge

Query orders sent out to Amazon, Apple, Google, Facebook, Paypal, and Square

By Russell Brandom

The Consumer Financial Protection Bureau has issued a series of information-gathering orders on the business practices of major digital payments systems. Orders were issued to Amazon, Apple, Facebook, Google, PayPal, and Square, the bureau said in an announcement on Thursday morning. Chinese pay systems operated by WeChat and AliPay will also be studied but are not subject to any CFBP orders.

Issued as part of the CFPB’s investigative authority, the orders are not an indication of specific wrongdoing, but they suggest the CFBP will be taking a more active role in regulating tech companies’ consumer products in the future. In particular, they are meant to root out any data collection or anti-competitive conduct that may have not yet come to light.

The companies did not immediately respond to requests for comment. ... ' 

Cashierless Checkout Company

More steps forward in automating payment with acceptance.

Cashierless checkout company Zippin  with $30M  

Paul Sawers, @psawers  in Venturebeat

The cashierless technology shift continues apace with today’s news that Zippin has raised $30 million in a series B round of funding. The San Francisco-based company is one of several players in the space to gain traction for a technology that seeks to not only make supermarket queues obsolete, but also generate big data insights for retailers.

Founded in 2018, Zippin leverages AI, cameras, and smart shelf sensors to enable shoppers to place items in their cart and walk out without waiting. The company opened its first checkout-free store in San Francisco back in 2018, and it has since entered into partnerships with the likes of Aramark, Sberbank, and the Sacramento Kings’ Golden 1 Center to power cashierless stores globally.  ... '