In the wake of a landmark Supreme Court ruling that found peer-to-peer software providers ultimately culpable for the copyright infringement committed by their users, the Recording Industry Association of America (RIAA) has sent cease-and-desist letters to seven file-sharing software firms, demanding that they stop "enabling and inducing" copyright infringement, The Wall Street Journal reported. The RIAA would not identify which companies received the letters, although The Journal reported that BearShare, WinMX and LimeWire were recipients. The Supreme Court ruling directly affected defendants Grokster and StreamCast Networks (Morpheus). Other big-name file-sharing firms include Kazaa, eDonkey and BitTorrent. "We demand that you immediately cease-and-desist from enabling and inducing the infringement of RIAA member sound recordings. If you wish to discuss pre-litigation resolution of these claims against you, please contact us immediately," reads a copy of the RIAA letter obtained by CNET News.com
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...