Tag

Payment Platforms

All articles tagged with #payment platforms

personal-finance2 years ago

Bank Negligence: Zelle Fraud Leaves Customer Out $31,000 with No Support

A customer shares their experience of being scammed out of $31,000 through Zelle while trying to pay a deposit for a pool construction project. Despite multiple attempts to contact the pool contractor, who had seemingly disappeared, the customer eventually received an email from the contractor requesting payment via Zelle. After transferring the money in installments, the customer discovered that the contractor had not received any emails from them in over a month. The article highlights the risks of using peer-to-peer payment platforms like Zelle, which have become popular targets for fraud, and the lack of transparency regarding the frequency of such incidents.

technology2 years ago

Elon Musk's Micropayments and Twitter's Pay-Per-Article Service Revolutionize News Publishing

Elon Musk announced on Twitter that he will be rolling out a micropayments platform next month that will allow media publishers to charge users on a per-article basis with one click. This will enable users who would not sign up for a monthly subscription to pay a higher per-article price for when they want to read an occasional article. However, the idea of news publishers charging readers by the article is not a new one, and many micropayments-for-news startups have come and gone without gaining much traction. The biggest problem is Elon Musk's credibility with mainstream publishers, given his recent attacks on the media.