The company is already planning to appeal against the decision
Aamzon hit with multi-million GDPR fine. Source: flickr.com
Amazon has been hit with a fine from the EU, Ecommerce News has found. They will need to pay €746 million for processing personal data that’s in violation of the GDP).
According to the press release, Amazon revealed the news in a regulatory filing. In the document, it acknowledges that the Luxembourg National Commission for Data Protection claims Amazon’s processing of personal data didn’t comply with the EU General Data Protection Regulation.
In its? PDF filing,? the company says they believe the CNPD’s decision to be without merit and intend to defend ourselves vigorously in this matter.
The GDPR is a regulation in EU law that came into force in May 2018. Its aim is to enhance the control and rights of EU citizens over their personal data.
We’ve reported that PayU partners with Visa to enable push payments for businesses in Europe.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
