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automatic renewal connecticut connecticut unfair trade practices act Attorney General William Tong and Department of Consumer Protection Commissioner Bryan Cafferelli issued the warning on July 16. The state is also explaining the requirements to consumers and encouraging them to report businesses that make cancellation difficult. “Businesses that fail to comply may be engaging in unfair trade practices, and we will not hesitate to enforce the law,” Tong said.

cboe sec Cboe Exchange, which operates one of the largest options markets in the United States, wants to create tradable contracts tied to specific results reported by public companies. Investors could trade on whether a company reaches a set subscriber count, revenue level, average revenue per user, or profit target during a reporting period. The company wouldn’t create the contract.

apple applecare+ Apple has reportedly raised AppleCare+ prices for new Mac and iPad customers in the United States. Monthly prices increased by 50 cents, while annual prices rose by $5. Existing subscribers will reportedly keep their current rates for now. For a 13-inch MacBook Air, the monthly price increased from $7.49 to $7.99. The annual price rose from $74.99 to $79.99. Apple has not announced the increase in a press release.

cartrack earnings Cartrack added a record 142,472 net subscribers during its latest quarter, giving subscription executives a useful look at the cost of fast growth in a business built around recurring revenue and connected devices. Cartrack provides software and tracking devices that businesses use to manage vehicles, equipment, drivers, and field operations. Customers pay recurring fees for services that include vehicle tracking, video monitoring, fleet management, and operating data.

spotify Spotify is expanding managed accounts for young listeners to free users in the United States, United Kingdom, Australia, France, Germany, and the Netherlands. The feature gives children age 13 and younger, or the local age equivalent, their own Spotify account under the supervision of a parent or guardian. Managed accounts were first introduced for Premium Family subscribers. Spotify began extending them to free users in selected markets earlier this year.

braintree mergers & acquisitions paypal stripe Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings for $60.50 per share, according to Reuters. The offer values PayPal at more than $53 billion, about 28% above the company’s closing share price on Tuesday. Roughly $50 billion in bank financing has been committed to support the bid. Stripe and Advent would each own half of PayPal if the acquisition goes through.

Google Play is opening another route to U.S. Android users. For subscription companies, wider distribution does not automatically bring more control over billing, renewals or the customer relationship. Starting July 22, Google will make U.S. app and game listings available to enrolled third-party Android stores. Developers can allow their listings to appear in all participating stores, approve stores individually or opt out. Developers who do nothing will have their listings included.

crunchyroll subscription packaging Crunchyroll is putting its redesigned online store behind its two higher subscription tiers. When the new store opens in August, only Mega Fan and Ultimate Fan members will be able to shop. Nonmembers and subscribers on the lower-priced Fan plan will no longer have access. Crunchyroll has not announced the exact launch date. The new store will feature curated product drops, collectibles, limited releases and Crunchyroll-exclusive merchandise.

digital wallets recurring payments stablecoin payments subscription billing A stablecoin is a type of digital currency designed to hold a steady value, often equal to one U.S. dollar. Unlike more volatile cryptocurrencies, stablecoins are meant to make digital payments easier to price and manage. Confirmo Subscribe allows customers to pay from supported cryptocurrency accounts and digital wallets. A digital wallet is an app or account used to hold and send digital currency.

antitrust media mergers and acquisitions streaming services subscription pricing The states argue that the deal would reduce competition and give the combined company too much power across film and television. The lawsuit was filed July 13 in federal court in Northern California. The states bringing the case are Arizona, California, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.