Saturday, 4 February 2023
Erode Bypoll: BJP favours EPS` candidate, asks OPS to support decision
from Zee News :India National
Friday, 3 February 2023
Apple Pay gets the green light to launch its service in South Korea
A South Korean financial regulator said on Friday that the country had approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service.
The announcement comes nearly two months after South Korea’s Financial Supervisory Service (FSS) confirmed to TechCrunch that it is reviewing the Apple Pay launch clause submitted by local credit company Hyundai Card, a financial unit of Hyundai Motors.
Per previous media outlets, Hyundai Card had a one-year exclusivity partnership with Apple Pay in South Korea. In other words, only Hyundai Card holders will initially be able to use Apply Pay service via iPhones and other Apple devices.
But this time, based on the Financial Service Commission (FSC) statement, other local cardholders also will be able to use the Apple Pay service, meaning Hyundai Card does not have its one-year exclusivity partnership with Apple Pay anymore. TechCrunch could not reach Hyundai Card, which has yet to release an official statement, for more details.
The FSC noted that credit card companies should not have customers or merchants pay commissions incurred through Apple Pay; they should also be prepared to ensure users’ protection from risks caused by the theft of personal information. Apple would purportedly require the card issuer to pay a commission rate of 0.1% or 0.15% of the transaction amount.
The competition in the local mobile payment industry, in which local players like Samsung Pay have the most widely used, is expected to grow more intense in the country after the launch of Apple Pay.
South Korea’s lack of NFC (near-field communication) support at payment terminals in retail stores could be a hurdle for Apple Pay because only about 10% of 2.9 million local retailers in South Korea reportedly have NFC enabled in their credit card terminals. Most Korean retailers use magnetic secure transmission (MST), a mobile payment technology allowing smartphones to transact wireless payments with traditional credit card swipe readers and terminals. Apple Pay’s core payment terminal is NFC, while Samsung Pay uses both NFC and MST in the country.
In FSC’s statement, the financial authority said it expects Apple Pay service to promote the NFC payment service in the country.
South Korea is now the eleventh country in Asia Pacific to support Apple’s wallet and digital payment service. The Cupertino-based firm is already operating its payment services in Australia, China, Hong Kong, Macao, Taiwan, Japan, Singapore, Kazakhstan, Malaysia and New Zealand.
Apple Pay gets the green light to launch its service in South Korea by Kate Park originally published on TechCrunch
from TechCrunch
Congress takes religious route to woo voters in poll-bound K`taka
from Zee News :India National
Thursday, 2 February 2023
Indus Water Treaty: India Seeks Negotiations With Pakistan Over Material Breach
from Zee News :India National
Wednesday, 1 February 2023
Coinbase’s asset recovery tool just saved my bacon
Last year, Coinbase launched an asset recovery tool for people who really don’t understand how blockchain works, and think they can send CDAI coins to an Etherium wallet. I know that sounds like a pretty specific example, and I am able to make it because I am the numpty that made that mistake, several years ago. I make no secret of being incredibly bearish on crypto in general, and losing a few hundred dollars of a currency I didn’t understand by sending it to the wrong wallet, to me, felt like appropriate punishment for not knowing what the hell I am doing.
And for a long time, I thought that would be the end of the story. Until today, when I received an email from Coinbase, reminding me (I’m lightly paraphrasing) ‘hey, dumbass, we noticed you screwed up, here’s the info you need to reclaim your coins’.
Omg! It’s my lucky day! Image Credit: Coinbase
I had gone several rounds with support over the years to see if the coins could be recovered, but so far, there’d been no luck at all. This time, however, it seemed like I was in luck; the tool worked easily, and for a small finder’s fee, I was able to reclaim my coins, by sending the CDAI coins to a wallet, converting them into ETH, and sending them back to my Coinbase account.
Look, it doesn’t make me feel all that much smarter, but it was a tiny twinkle of optimism in my otherwise tumultuous day, and I’m definitely one for celebrating the little wins where I can get them.
So, I wish to extend a very public thank you to Coinbase for helping those of us who feel brave enough to experiment, but not smart enough to get things right on the first try — and a moment of gratitude for companies that are willing to do (presumably) hard things in order to make crypto just a tiny little bit more lenient to users who want to learn.
Coinbase’s asset recovery tool just saved my bacon by Haje Jan Kamps originally published on TechCrunch
from TechCrunch
Morbi Bridge Collapse: Oreva Group MD Jaysukh Patel Sent to 7-day Police Custody
from Zee News :India National