TransferWise’s new debit card for the US fires the starting gun on a new war for travelers

International money transfer service TransferWise, has made a significant incursion into the US market today, launching a MasterCard debit card alongside a multicurrency account. Mirroring the card it has already launched in the UK and Europe last year, the card will work in over 40 currencies without balance limits, and conversion fees will be competitive […]

Facebook makes another push to shape and define its own oversight

Facebook’s head of global spin and policy, former UK deputy prime minister Nick Clegg, will give a speech later today providing more detail of the company’s plan to set up an ‘independent’ external oversight board to which people can appeal content decisions so that Facebook itself is not the sole entity making such decisions. In […]

Facebook and eBay told to tackle trade in fake reviews

Facebook and eBay have been warned by the U.K.’s Competition and Markets Authority (CMA) to do more to tackle the sale of fake reviews on their platforms. Fake reviews are illegal under U.K. consumer protection law. The CMA said today it has found “troubling evidence” of a “thriving marketplace for fake and misleading online reviews.” […]

Behavioural advertising is out of control, warns UK watchdog

The online behavioural advertising industry is illegally profiling internet users. That’s the damning assessment of the U.K.’s data protection regulator in an update report published today, in which it sets out major concerns about the programmatic advertising process known as real-time bidding (RTB), which makes up a large chunk of online advertising. In what sounds […]

Nissan’s zero-emission ice cream van uses old EV batteries to keep things cool

File ice cream vans under “things I never thought posed a significant risk to the environment but might actually.” Nissan has developed a new concept vehicle that addresses the problem of all the emissions generated by conventional ice cream vans, and older models in particular, which pump out a lot of greenhouse gases while idling […]

Echo, the medication management app, has been acquired by LloydsPharmacy-owner McKesson

Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has been acquired by healthcare company McKesson, owner of LloydsPharmacy. Terms of the deal remain undisclosed. However, I understand the buyout sees all of Echo’s existing investors exit, with McKesson becoming the majority shareholder and […]

Facebook will not remove deepfakes of Mark Zuckerberg, Kim Kardashian and others from Instagram

Facebook will not remove the faked videos featuring Mark Zuckerberg, Kim Kardashian and President Donald Trump from Instagram, the company said in a statement. Earlier today, Vice News reported on the existence of videos created by the artists Bill Posters and Daniel Howe and video and audio manipulation companies including CannyAI, Respeecher and Reflect.  The work, featured in […]

Card readers at electric vehicle charging stations will weaken security, researchers say

Electric vehicle charging stations could become one of the next big targets for fraudsters — thanks to proposals in several state that researchers say would weaken their security. Most electric vehicle (EV) charging stations rely solely on a credit card linked to an app or through contactless payments with RFID-enabled credit cards or through a […]

Africa Roundup: Jumia’s post-IPO earnings, Gokada’s $5.3M raise, Facebook’s fake-news purge, Joe Montana’s fintech investment

Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were that Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over the period — grew by 58% to €240 million. Marketplace revenue […]

Twitter bags deep learning talent behind London startup, Fabula AI

Twitter has just announced it has picked up London-based Fabula AI. The deep learning startup has been developing technology to try to identify online disinformation by looking at patterns in how fake stuff vs genuine news spreads online — making it an obvious fit for the rumor-riled social network. Social media giants remain under increasing […]