On Sunday, Apple CEO Tim Cook did a wide ranging interview on CBS Sunday Morning. But I want to focus on what he said about Apple being on Twitter. As everyone knows, Twitter is a cesspool of hate since Elon Musk took over. But Apple who touts itself as a company that wants to always do what’s right is still advertising on Twitter despite the fact that Twitter is a cesspool of hate. When asked about that, here’s what he said:
When asked if Apple should continue to advertise on Twitter, Cook replied, “It’s something that we ask ourselves. Generally, my view is Twitter’s an important property. I like the concept that it’s there for discourse and there as a town square. There’s also some things about it I don’t like!”
“There’s discourse, and then there’s antisemitism,” said Dickerson.
“Yeah, which is abhorrent. Just point blank, there is no place for it.”
“So, is this something you’re constantly evaluating?”
“It’s something we constantly ask ourselves,” Cook said.
This to me is not only a major fail by Cook specifically and Apple in general, it is unacceptable. By advertising on Twitter, Apple is effectively in bed with racists of all stripes, not to mention anti-trans, anti-LGTBQ, and other scumbags that are now thriving on Elon Musk run Twitter. You’d think that Apple would want to distance themselves from this. But clearly Cook and Apple are too busy asking themselves about their relationship with Twitter. Apple can’t have it both ways. They need to make a choice. Do they stand with the types on Twitter who part of the cesspool of hate, or they stand for what’s right? And if Apple makes the wrong choice, I believe that we the public need to make a choice. Do we stand with Apple who apparently is fine being on a platform with bigots and other scumbags, or do we stand for what’s right and make our buying decisions based on that?
Your move Apple.
Adyen has issued over two billion active network tokens, marking 2,200% growth in the technology since 2020
Posted in Commentary with tags Adyen on September 18, 2023 by itnerdAdyen, the global financial technology platform of choice for leading enterprise businesses, has now issued over two billion active network tokens. This milestone shows that Adyen is paving the way for businesses to embrace the innovation of network tokenization which converts regular card numbers into secure non-sensitive tokens.
Security remains a top priority for businesses, however this no longer needs to come at the expense of the customer experience. Through network tokenization, businesses have seen an average of 3% uplift in authorization rates equating to a multi-million dollar increase in revenue every month.
Since network tokens are less expensive to process than a PAN card payment, businesses can reduce costs, while increasing transaction approval rates and revenue. This is especially transformative for subscription or digital businesses that offer customers “save card details” features making it easier than ever to shop online.
The rapid growth in digital payments and e-commerce in recent years, accelerated further by the Covid-19 pandemic, has resulted in a striking rise of payments fraud. Adyen’s own research finds that 39% of businesses report an increase in fraud attempts over the last 12 months, while just 60% have effective fraud systems in place. With payments fraud becoming a critical challenge to business across all industries, network tokenization is key to creating a future of secure, and seamless online payments.
Network tokenization is an emerging technology and as such not all issuers currently support it. To solve this challenge Adyen offers network token optimization which uses machine learning to choose between a network token or PAN payment to boost authorization rates. This drives an additional 1% uplift in authorization rates for businesses.
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