- Kotak launched a Facebook-based payment system, the first day that France's second largest bank launched a virtually identical service based on Twitter: "Kotak Mahindra Bank Launches KayPay - World’s First Bank Agnostic Instant Funds Transfer Platform Using Facebook: ""World’s first Any Bank to Any Bank funds transfer platform via Facebook powered by a Bank: * Login to KayPay directly using Facebook credentials * Instant funds transfer - Rides on IMPS platform of NPCI * No bank details of recipient required * Pay anyone on Facebook friends List * Safe & Secure Transaction: Two level authentication - Facebook user id & password, and One Time Password". Twitter + French bank link here. Kotak+FB link here
- The Snapchat data theft was real after all - but it was not Snapchat's fault: A third party site, Snapsaved.com, a website which allows users to save images sent via Snapchat, claimed on Monday that hackers had breached its servers and made off with some 500 megabytes of photographs. SnapChat last week blamed third-party apps, which can be downloaded separately and used in conjunction with its service, for any photos that may have been stolen or leaked.Link here
- Audience Data-Mining startups are mining Instagram, Pinterest and Flickr: Photo-mining startups are searching and analyzing Instagram, Pinterest and Flickr to give advertisers a new kind of data. One is Massachusetts-based Ditto Labs, which offers a “Photo Insight Service” that can access a staggering 750 million photos daily via social media to identify brands, logos, products, clothing and even "smiles" to measure consumer sentiment. Another service called Piqora stores thousands of images on its servers to identify trends; it passes these insights along to clients who may want to design targeted marketing campaigns. One of Piqora's clients is clothing and accessory maker Fossil, which tracks its products and competing brands. Link here
