Technologies

FTC Sues Amazon for ‘Tricking’ Customers Into Prime Memberships

The agency says Amazon also made it hard to cancel subscriptions.

Amazon is being sued by the Federal Trade Commission for signing up customers for Prime memberships without their consent. In a complaint filed on Wednesday, the agency also accused the company of undermining the cancellation process for consumers. The news comes on the heels of the e-commerce giant announcing its July Prime Day sales event.

According to the filing, Amazon used a tactic called «dark patterns» to coerce millions of consumers into enrolling in auto-pay Prime subscriptions. The FTC’s complaint states that the company does not sufficiently convey the monthly cost of membership. Additionally, the suit cites Amazon corporate leaders who allegedly subverted changes to the user interface that would reduce nonconsensual enrollments.

FTC head Lina Khan took to Twitter and said Amazon purposely worked to botch subscription cancellations, internally «analogizing the cancellation process to the epic tale of a brutal war» by calling it «Iliad Flow.» While the FTC acknowledged that the retailer made significant adjustments to its cancellation procedures for some subscribers shortly before the suit was filed, the agency asserts that the company has violated the FTC Act and the Restore Online Shoppers’ Confidence Act.

Khan also urged the public to submit comments on the FTC’s proposed «click to cancel» rule, which would require companies to make it quick and easy to cancel auto-renewed subscriptions.

Amazon didn’t immediately respond to CNET’s request for comment.

Technologies

Verum Coin is now available for deposit and swap on Crypto.com!

We are excited to announce that Verum Coin (VERUM) can now be deposited and exchanged on one of the leading cryptocurrency platforms, Crypto.com! This opens up new opportunities for users looking to integrate Verum Coin into their portfolios and participate in seamless liquidity operations.

Don’t miss the chance to take full advantage of Verum Coin on Crypto.com. Start depositing and swapping with ease today!

Technologies

Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000

Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.

Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.

Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.

With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.

Technologies

Verum Coin Now Available on HB Wallet

Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.

HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.

This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.

About Verum Coin

Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.