Tag Archives: payments

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Aug 4 (Reuters) – EU antitrust regulators have asked app developers whether Alphabet (GOOGL.O) unit Google’s threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter… Source link

Burdened by almost $90,000 in federal and private student debt, Alphi Coleman says the loan freeze has afforded her time to unplug and invest in herself. “I’m always going to be able to make money; I’m not always going to be able to make more time,” she says. “I am able to create experiences and create space and time for the people that I love.” A report from the Federal Reserve last month showed almost 60% of student borrowers made zero payments on their federal loans between August… Source link

Epic Games isn’t just fighting the app stores over the right to process its own in-app payments in its popular game Fortnite, it’s also taken up its antitrust legal battle with the tech giants via Bandcamp, the internet music company Epic acquired in March. The following month, Epic filed an injunction asking for the right to allow Bandcamp to continue operating as usual instead of being forced to adopt Google’s own payments system as is now required via a policy change, or risk… Source link

Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is getting along better with Google, just by a little bit. On Friday, Match withdrew its request for a temporary restraining order against the company, which it accuses of wielding unfair monopoly power in its mobile app marketplace. Match filed an antitrust lawsuit against the search giant earlier this month over the company’s restrictions on Android in-app payments, which drive app users toward remaining in… Source link

The parent company of dating apps Tinder, Match and OkCupid is suing Google, alleging that the company exerts too much control over payments through its Google Play app marketplace. The lawsuit, filed Monday in California’s Northern District, accuses the company of deploying “anticompetitive tactics” to maintain a monopoly on the Android mobile ecosystem: Ten years ago, Match Group was Google’s partner. We are now its hostage. Google lured app developers to its platform with… Source link

NEW YORK/WASHINGTON (Reuters) -The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars. Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen. But the Treasury Department had been allowing the… Source link

Spotify Technology SA has reached a deal with Google to offer an alternative payment method within its app for users, the latest sign of the weakening grip that app stores have over third-party software. The streaming music service and Alphabet Inc.’s search giant announced the deal Wednesday, allowing Spotify’s SPOT 0.75% app within the… Source link

Google is suspending billing on its mobile app store, Play, and pausing payment-based services for YouTube users in Russia — blaming “payment system disruption” related to Western sanctions on Russian banks. The development, which was reported earlier by Reuters, comes in the wake of Russia’s invasion of Ukraine and the sanctions on Russian banks that swiftly followed as the West opted for an economic response to Putin’s war in Europe. In a support note on its Android… Source link

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile activities” against Russia, its companies and citizens. The government will prepare a list of such countries within two… Source link

AMSTERDAM, Feb 15 (Reuters) – Apple (AAPL.O) and Google face a potential class action lawsuit in the Netherlands over app store charges, after a foundation headed by Dutch entrepreneur Alexander Klöpping began gathering claimants. The action, which still faces legal hurdles before any court hearing, reflects growing criticism over how much the two firms charge developers for payments on their app stores, while the Netherlands has become increasingly popular as a jurisdiction to pursue… Source link