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Just 5 percent of the over-40 crowd documents indicate legal representatives for the defense have yet to be named.
told J.D. Power they had revised Defendants cited in the case are Meta Platforms Inc.; Facebook Holdings LLC;
their budgets. Overall, 38 percent of Facebook Operations LLC; Meta Payments Inc.; Facebook Technologies LLC;
Americans said they are financially Instagram LLC, Siculus Inc.; Snap Inc.; TikTok Inc.; ByteDance Inc.; Alphabet Inc.;
healthy; 39 percent indicated they feel Google LLC; XXVI Holdings Inc. and YouTube LLC. In a 91-page complaint, the
vulnerable. plaintiff requested a jury trial, stating defendants have scaled their platforms
in highly manipulative ways, claiming these techniques leverage psychology
FTC slams Mastercard and neurophysiology to create a "mental health crisis among America's youth."
over debit routing
Paysafe study finds retail optimism among US SMBs
The Federal Trade Commission
is taking Mastercard to task over More than half of U.S. small and midsize brick-and-mortar retailers are
allegations that it blocks merchants optimistic about the 2023 retail landscape, according to recent research
from routing ecommerce debit card conducted by Paysafe. The U.S. In-store business payments outlook, published
payments over competing networks. Jan. 11, 2023, found 70 percent of small and midsize retailers are prioritizing
In a draft complaint approved by paytech integrations and taking a generally bullish outlook on the near-term
commissioners on Dec. 23, 2022, future, despite current economic and geopolitical conditions, stated Afshin
Mastercard is charged with violating Yazdian, president of merchant solutions at Paysafe.
the Electronic Funds Transfer Act
as well as the Federal Reserve's "We were happy to see that most merchants are optimistic about the year ahead
Durbin Amendment rule set. The and that they appreciate the contribution that payments can make to the overall
agency said Mastercard should customer experience and ultimately as a key differentiator for their businesses'
be required to provide competing growth," Yazdian said, adding the report is the latest in the company's Lost in
networks with the customer account Transaction research series and includes research data from an October 2022
information needed to process debit survey of 200 small and midsize brick-and-mortar merchants in the United
card payments—something the States.
company has been loathed to do as
debit card payments have gained
in ecommerce scenarios. "This is a
victory for consumers and merchants
who rely on debit card payments to
operate their businesses," said Holly
Vedova, director of the FTC's bureau
of competition.

Regarding the consent agreement,
Mastercard stated, "We can confirm
that we have entered into an
agreement with the Commission
regarding the routing of tokenized
debit card transactions at online
merchants. We believe that our
existing routing practices are lawful
and have always provided choice to
merchants. We will continue the work
to update our processes to comply
with the consent order and provide
even greater choice."
Seattle schools tell social media,
see you in court
Seattle School District No. 1 filed a
complaint on Jan. 6, 2023, against
social media giants, claiming their
platforms are harmful to student
health and public welfare. The
plaintiff serves approximately 49,300
students at 106 schools, stated legal
counsel Keller Rohrback LLP. Court

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