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Apple ordered to refund parents for kids' in-app purchases

2014-01-15 19:30:00| Telecompaper Headlines

(Telecompaper) Apple has agreed to refund at least USD 32.5 million to customers to settle a Federal Trade Commission complaint that the company billed consumers for app purchases by children without their parents' consent. Under the terms of the settlement with the FTC, Apple also will be required to change its billing practices to ensure that it has obtained express, informed consent from consumers before charging them for items sold in mobile apps. Apple was found to have violated the FTC Act by failing to tell parents that by entering a password they were approving a single in-app purchase and also 15 minutes of additional unlimited purchases their children could make without further action by the parent. In addition, Apple has often presented a screen with a prompt for a parent to enter his or her password in a kids' app, without explaining to the account holder that password entry would finalize any purchase. According to the FTC, Apple has received "at least tens of thousands of complaints" about unauthorized in-app purchases by children. The company must make the changes to its billing practices by 31 March and will have 12 months to inform and refund customers affected by the previous system.

Tags: kids parents apple ordered

 

Flint Group purchases Tintas Graficas Vencedor

2014-01-06 06:00:00| Label and Narrow Web Breaking News

Jose Fajardo will remain the general manager of the TGV operation and will report directly to Nestor Porto, Flint Group vice president of operations, LatAm.

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Major Korean Company Purchases Spire's Advanced Simulator And EL Test Equipment For A Highly Automated PV Module Manufacturing Facility

2014-01-03 04:35:40| metrologyworld News Articles

Spire Corporation, a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic ("PV") modules and optoelectronics thin film services, announced recently that a major Korean company has purchased Spire’s Advanced Test and Metrology equipment including Simulator and Electroluminescence ("EL") Test equipment for a highly automated module manufacturing facility

Tags: advanced company test major

 

Overstock plans to accept bitcoins for web purchases in 2014

2013-12-25 19:43:56| Apparel - Topix.net

Sales and traffic to online retailers by category and merchant type, data on Amazon and other leading e-retailers, comparisons of leading web retailers, site performance data, more.

Tags: web plans accept purchases

 

Insider Buying: Masco Corp. Director Purchases 5,000 Shares of Stock

2013-12-20 01:40:02| Furniture - Topix.net

Masco Corp. Director Donald Parfet acquired 5,000 shares of the company's stock on the open market in a transaction that occurred on Wednesday, December 18th.

Tags: stock director buying corp

 

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