Sylvie Gallage-Alwis’ Post

🔔 DSA Updates! The European Commission 🇪🇺 has just issued a Request for Information (RFI) to Temu under the Digital Services Act, addressing concerns over the spread of illegal content. 🤖 The e-commerce platform is also required to provide details on the functioning of its recommendation algorithms and any potential risks to consumers’ personal data. 🗓 Temu will have to submit this information to the EU Commission by October 21st. ↘ To stay updated on this and other enforcement actions against VLOPs and VLOSEs: - check out our Enforcement Actions Tracker in the DSA Database 📊 https://lnkd.in/dzHnpU2X - subscribe to Safety Space, Tremau’s monthly newsletter on global T&S regulatory and industry updates 📥 https://lnkd.in/ePeXBEY9

The Digital Services Act (DSA) is indeed a significant regulation that is aimed at ensuring a safer and more transparent online environment for users within the European Union. It imposes new obligations and responsibilities on various digital service providers, including e-commerce platforms like Temu. Under the DSA, online platforms will be required to take measures to prevent the dissemination of illegal content, protect user rights, and adhere to certain transparency requirements. This will have implications for how platforms like Temu operate, as they will need to ensure compliance with these new standards. #ecommerce#euro#global#cargosmart

EuroCommerce welcomes the special report by the European Court of Auditors on Digital #payments in the EU https://lnkd.in/eDtKNrPA. They recommend to have clear criteria to assess the impact of #priceinterventions, such as the #interchangefeeregulation #IFR and to have clear timelines. Previous studies (e.g. by VVA) confirmed that the #caps are working, but missed the point that other fees, such as for commercial cards and scheme fees, have dramatically increased, all but eating up the benefits of IFR. It's time for a full review of IFR even though it is a lot of work. The historic grounds and modelling that let to 0,2/0,3% may no longer be valid. However, a merchant indifference test is an imperfect tool, as it only looks at the current state and does not take into account the future with instant payments or CBDCs. We reiterate the point that which SCA applied, it should not matter (in terms of fees) if the underlying card/account is consumer/commercial, domestic/non-domestic, debit/credit or if the transaction is e-commerce or in store. Once successfully authorised and authenticated, it’s out of the merchant hands in terms of liability and exposure. We challenge ad valorem (= %-based) fees. Only with fees per transaction, merchants will gain access to economies of scale from higher volumes/values of transactions. Please join us in making European card payments more competitive. monique negenman Dominique Forest Eric Ducoulombier Teresa Ribera Maria Luís Albuquerque David Grivet Alexis WARAVKA Juliette Beaulaton

The Digital Services Act (DSA) is indeed a significant regulation that is aimed at ensuring a safer and more transparent online environment for users within the European Union. It imposes new obligations and responsibilities on various digital service providers, including e-commerce platforms like Temu. Under the DSA, online platforms will be required to take measures to prevent the dissemination of illegal content, protect user rights and adhere to certain transparency requirements. This will have implications for how platforms like Temu operate, as they will need to ensure compliance with these new standards. #ecommerce #eu #global #cargosmart

It’s been nearly two months since the EU’s Digital Services Act came into effect. What has happened so far? The DSA does not exclusively impact European businesses – it affects international tech companies, including many from the US – that provide services to 10% or more of the EU’s population (around 45 million citizens). The risk factors to be considered are significant and include know your business (KYB) processes and supplier due diligence. The new KYB obligations mean providers must obtain and verify key information from traders/third parties selling products or offering services via their platform. Moody's recently published this blog explaining the scope and requirements of the DSA. #DigitalServicesAct #DSA #Ecommerce #FinancialCrime https://lnkd.in/gS8S4MQQ

🚨 Fighting Fake Reviews: A Call to Action from the FTC 🚨 The FTC is exploring rulemaking to tackle fake reviews and deceptive endorsements, a growing concern in the digital age. This initiative aims to protect consumers from misleading information and ensure transparency in online reviews. Businesses and consumers alike should stay informed and support efforts to maintain trust in online marketplaces. 🔗 Learn more about it, read the link:https://lnkd.in/egJ4X3EH #ConsumerProtection #DigitalTrust #FTC #FakeReviews #Authentic_eVal #eVal

“Chinese online marketplace Temu was asked on Friday to provide more information on the measures it has taken against traders selling illegal products on its platform under the EU’s online platform rules, the European Commission announced today. The company will also need to give additional data and information on the measures it has adopted to mitigate the risk of the spread of illegal products, as well as risks related to consumer protection, public health and users’ wellbeing, the statement said. Temu, which was founded by PDD Holdings in 2022, will also have to provide information on recommender systems and the risk to the protection of users’ personal data. In May, the Commission designated Temu as a Very Large Online Platform under the Digital Services Act (DSA), as it exceeds the threshold of 45 million monthly average users in the EU.” #digital #DSA #DigitalServicesAct #Temu #EUVLOP   *This article was not written by EDSR. The opinions and views of the author(s) do not necessarily represent those of EDSR. https://lnkd.in/gyEWQypj

#Today, the #Commission has sent a #RFI to #Temu under the #DSA, requesting the platform to provide detailed information and internal documents on the mitigation measures taken against the presence and reappearance of #traders #selling #illegal #products on its online marketplace. Moreover, the Commission is also requesting details on the #recommender #systems of Temu and the risk to the protection of users' #personal #data.

# DailyDarkWeb - Global 🌐 - https://t.co/KtXdq1CJmu Shopping Site Database Allegedly Leaked A major data breach allegedly affecting https://t.co/KtXdq1CJmu, an online shopping platform, has been reported. The leaked dataset purportedly contains sensitive customer information, including names,… https://t.co/NNZ4A6pk2N https://t.co/2GqXXSFByo https://lnkd.in/dH8NGBQ2

On wednesday it's time for our Webinar with Cookiebot: The future of data privacy in e-commerce! 💻 In this session, we’ll break down the basics of Consent Mode and cover the key privacy practices every e-commerce business should know. Secure your spot today and ensure your business is prepared for the future! 🌟 https://hubs.la/Q02N8vBb0