Split-Tender Scam Exploits Retail Software Glitch
A glitch in split-tender payment processing allowed a group of criminals based in Miami to steal more than $1.5 million, according to the Justice Department. The scheme exploited a flaw in a retailer’s specific payment processing software rather than a vulnerability anyone could easily use. According to the DOJ, the men purchased expensive merchandise and […]
Is There Room for Stablecoins and Tokenized Deposits?
Stablecoins are having a moment, growing to multiple hundreds of billions in circulation, with national governments, crypto entities, and traditional financial institutions all testing the waters. As such, stablecoins have been entered into a sort of competition with tokenized deposits, which are digital tokens representing deposit claims on the bank, recorded on a programmable ledger. […]