As Cashless Payments Skyrocket, Australia Seeks to Regulate Digital Wallets
Recognizing the country’s continuing growth in cashless payments and digital wallets, Australia’s government plans to introduce legislation later this week,...
Where Is the Apple Payment and Crypto Suit Headed?
Apple is facing a new class-action lawsuit by users of Venmo and CashApp, who claim that Apple conspired to limit...
Complaints About Empty Gift Cards Continue into the Holiday Season
Reports continue to surface of people buying gift cards that represent well-known companies like Visa, only to find the balances...
The Fallout from the ICBC Ransomware Attack Continues
The ransomware attack that hit the Industrial and Commercial Bank of China (ICBC)—which is not just China’s largest bank but the...
BBB Report Highlights Growth in Gift Card Fraud, but Success Stories as Well
In a new study, the Better Business Bureau revealed that more people are reporting gift card fraud to its BBB...
IMF Urges More CBDCs, Releases Handbook to Help the Effort
In a keynote address at the Singapore FinTech Festival this week, Kristalina Georgieva, Managing Director of the International Monetary Fund...
The Logic Behind BlackRock’s Ethereum ETF
The price of Ethereum jumped by 10% to surpass the $2,000 mark last week, after the world’s largest asset manager,...
Mastercard Collaborates with Dubai Bank on Cross-Border Payments
Mastercard announced this week a new strategic partnership with Dubai Islamic Bank (DIB) to launch cross-border payment services for both...
Instant Payment Systems in Africa Topped $1 Trillion in 2022
Africa’s instant payment systems (IPSs) processed 32 billion transactions last year, totaling $1.2 trillion U.S. dollars. The volume of payments...
European Manufacturers Push Back Against New Cyber Rules
The introduction of the Cyber Resilience Act by the European Commission is getting pushback from some of the leading electronic...
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