The Superintendency of Industry and Commerce (SIC), the body in charge of ensuring the proper functioning of the markets and dependent on the Government of Colombia, has formulated a list of charges against Visa and Mastercard to determine if they had implemented strategies aimed at hindering participation of payment aggregators in the market.

If this behavior is proven, the Superintendency may impose fines of up to 116,000 million pesos for each infraction on the companies involved.

People who had collaborated, facilitated, authorized, executed or tolerated anti-competitive conduct could be fined up to 2,320 million pesos.

These aggregators make it easier for Colombian consumers to access products and services from foreign businesses, by allowing them to make payments in Colombian pesos and choose the number of installments for which they want to defer their payment.

It is, therefore, a less expensive business model for consumers when compared to what would be offered with the intervention of Visa and Mastercard.

Thus, according to the SIC, Visa and Mastercard’s strategy would have consisted of two actions. Firstly, create its own program to replace the business model used by payment aggregators, which would have generated higher costs, which, consequently, would have compromised their permanence in the market.

Secondly, the sending of a series of communications to different banks with the alleged purpose of preventing them from maintaining commercial relations with payment aggregators that did not take advantage of their programs. As banks would be indispensable allies for payment aggregators, the communications sent by Visa and Mastercard would have been ideal to prevent the aggregators from continuing in the market.

The strategies developed by Visa and Mastercard would also have discouraged the use of alternative models in electronic commerce, which would affect the well-being of consumers.

Source: dpa

(Referential image source: SIC, dpa)

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La entrada Colombia accuses Mastercard and Visa of hindering competition participation in the payments market apareció primero en Bitfinance.

The LinkedIn social network made a series of investments and a great effort in order to improve the experience of its users, so it updated its algorithm that includes functions to personalize the feed. The goal is for users to have greater control over what they want or not see” and thus improve their experience within the platform.

This new control feature makes it easy for users to inform the platform, by “just pressing the I don’t want to see this button, by clicking the 3 dots on any post”. The function also allows knowing the interest of the users for a specific author or topic.

Spokespersons for the social network explained that some publications invite the community to express their reactions to the content with the intention of increasing the reach on the platform, but sometimes the type of content “is misleading and frustrating.” The platform will not promote this type of content and encourages “all members of the community to focus on offering reliable, credible and authentic content.”

The new content control feature also allows users to report all posts that violate professional community policies. “The LinkedIn technical team may take action on accused profiles, such as being suspended or removed entirely.”

More news from LinkedIn

The new algorithm of the social network facilitates access to a greater amount of valuable content, interesting and can help users to develop and grow professionally. The platform bets on news and “opinions of public figures that are to the user’s liking, such as opinion leaders, experts in a sector, professors and content creators with relevant information applicable to daily work.”

Another cool feature that LinkedIn is adding, but it’s in testing for the US market, is the ability to decide if you want to remove political content from your feed. If the test is successful, the function will be available in all countries.

M. Rodríguez

Source: marketing4ecommerce.net

La entrada LinkedIn adds new features to customize your feed apareció primero en Bitfinance.