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With Apple Pay, Google Wallet and other services transforming the way people carry out transactions, Apple has joined forces with four other companies to ensure that lawmakers don’t end up ‘inadvertently’ stifling innovation in the financial services field.

Technology industry leaders Amazon, Apple, Google, Intuit and PayPal today announced the formation of Financial Innovation Now, a coalition that will promote policies to help foster greater innovation in financial services.

While the new organization uses relatively diplomatic language, it’s pretty clear that the aim is to ensure that politicians don’t screw things up by introducing poorly thought-out legislation, like the infamous example proposed by Democratic Rep. Joshua Peters …  expand full story

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Payday has come for some of the first responders to the iPhone 4 class action lawsuit.  Last February a settlement was reached that granted iPhone 4 owners who had not previously received a free bumper for their “defective” iPhones a $15 payout.  Several of our readers are now reporting that they received their settlement checks today.  The first checks were issued on April 17 2013 and are void after July 16th.  Unfortunately the deadline for submitting a claim has passed so if you missed out the first time around it seems you are out of luck.

In case you forgot, the settlement found:

Apple was “misrepresenting and concealing material information in the marketing, advertising, sale, and servicing of its iPhone 4–particularly as it relates to the quality of the mobile phone antenna and reception and related software.”

Apple paid out a total of $53 million in the settlement, which was lawyers took a hefty $16M chunk.


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