rumor

Google reportedly nears EC antitrust escape after “much better” deal

Google reportedly nears EC antitrust escape after “much better” deal

Google is reportedly close to a settlement that will help it escape European antitrust fines that could total as much as $5bn, insiders claim, having supposedly ramped up its offer of concessions to satisfy Microsoft and others. The deal could be announced within a few days - or potentially be a couple of weeks out - two sources told Reuters, having offered a "much better" set of proposals for how it would address its dominance in European search.

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Retailer Michaels credit card hack latest in payments breach

Retailer Michaels credit card hack latest in payments breach

Crafts retailer Michaels is the latest company to suffer a credit card breach, warning customers that it is investigating the potential theft of payment details. The retailer, which operates around 1,250 stores in the US, has not disclosed how many customers it believes have been affected, nor whether the breach was in physical locations, online, or both; it is now working with federal law enforcement and data security experts to ascertain the extent of the damage, Michaels confirmed in a statement provided to researcher Brian Krebs.

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Apple iPhone payments system reportedly in works

Apple iPhone payments system reportedly in works

Apple is building a comprehensive mobile payments system that would turn iPhones and iPads into ubiquitous credit card replacements, sources familiar with the scheme claim, taking on Google, PayPal, Square, and others in the process. The rumored system would build on Apple's existing EasyPay option in the Apple Store app for iOS, which allows shoppers to charge products in Apple Stores directly to the payment method associated with their iTunes account, by offering the same functionality to third-party retailers and those offering services within apps.

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