BRICS Moves Forward on a Common Currency for Cross-Border
The BRICS group of nations is moving forward with plans for a shared currency for internal trade, potentially launching as early as next year. Last week, the Institute for Economic Strategies of the Russian Academy of Sciences announced a working prototype of a trade currency known as the Unit, structured to be backed by 60% […]
Gift Card Draining Fraud Could Diminish Holiday Cheer
Some shoppers have purchased gift cards, loaded the balances, and later discovered that the funds disappeared before the intended recipient ever used them. This scenario is often the result of gift card draining scams, in which bad actors steal gift card data or tamper with cards before returning them to store displays. Once a consumer […]
Beyond Paper: Why More Businesses Are Turning to eChecks
Not long ago, payments meant paper, ink, and a trip to the mailbox. Today, consumers expect the opposite—transactions that are contactless, mobile-friendly, and processed in real time. With countless digital payment methods now operating smoothly and instantly, it’s no surprise that checks are being phased out in both commercial and consumer settings. Even the federal […]