Why DraftKings Will No Longer Take Credit Cards
DraftKings will no longer allow customers to use credit cards as a method of payment. The sports betting site cited this change as a way to protect its users, though it also brings significant benefits for the company. Customers can still fund their DraftKings accounts using debit cards, bank transfers, wire transfers, and payment platforms […]
How Bad Actors Add Stolen Cards to Digital Wallets Via Ghost-Tapping
China has been at the forefront of mobile payment adoption, but this progress has also opened the door to new attack vectors for cybercriminals. Traditionally, stealing card data has been the central objectives of fraud schemes such as phishing and malware attacks. Now, however, a technique known as ghost-tapping allows criminals to use stolen credentials […]
Exploring the Trends Driving the Continued Success of Prepaid Products
Gift cards are thriving, but they are just one aspect of the booming prepaid industry. For example, many consumers may not realize that when they are reloading their account at Starbucks, Target, or Dunkin Donuts that they are essentially purchasing a digital gift card for self-use. As Jordan Hirschfield, Director of Prepaid Payments at Javelin […]
Russian Hackers Infiltrate Old, Unpatched Systems
The FBI has issued a warning about Russian hackers who have been infiltrating thousands of networking devices associated with critical infrastructure IT systems. The gang has been leveraging a vulnerability in older Cisco software in its attacks. Cisco Talos, Cisco’s threat intelligence organization, said the group attacked organizations in telecommunications, higher education, and manufacturing sectors […]
Crypto Companies Implore the UK to Update Its Stablecoin Policies
Although the global stablecoin market has surged above $280 billion in value, coins backed by the British pound account for only a fraction of this segment. The U.S dollar has been the underpinning for all the leading stablecoins, and the United States has taken a significant step forward with the passage of the GENIUS Act—the […]
Stablecoins Are Driving a Financial Services Revolution
Few financial products have dominated the spotlight in recent months quite like stablecoins. With high-profile launches and new regulations, they are poised to make a substantial impact. However, as a recent report from Ripple—2025 New Value: Stablecoin Trends in Business and Beyond—details, today’s landscape is just the tip of the iceberg for stablecoins. More than […]
Wyoming’s Stablecoin Opens for Business, Seeking Users
Wyoming has officially launched its Frontier Stable Token (FRNT), becoming the first public entity in the U.S. to issue a blockchain-based stablecoin. The state says the token will enable instant transaction settlement and lower fees, though it remains to be seen which use cases will take hold. During a trial period, Wyoming used the token […]
Alaska Airlines Joins the Premium Credit Card Movement
Attracting affluent customers has become a top priority for credit card issuers. To capture this segment, Alaska Airlines is launching a luxury credit card and ramping up its loyalty program. The airline’s Atmos Rewards Summit Visa Infinite card, a co-branded effort with Bank of America, carries a $395 annual fee and offers benefits like discounted […]
How Conversational AI Can Drive Banking Relationships
As more financial institutions adopt chatbots to converse with their customers, the numbers reveal not just cost savings but increased efficiency. Galileo Financial Technologies, the technology platform behind SoFi, has seen significant improvements—such as response times improving by 65% and a 50% reduction in chat drop-offs—when customers interact with an intelligent digital assistant. These developments […]
California’s Subscription Laws Gain Another Victory
Meal kit delivery company HelloFresh will pay $7.5 million to settle a civil lawsuit in California, which alleged the company deceptively enrolled consumers into auto-renewing subscription plans without proper disclosure or consent. These actions were found to violate the state’s Automatic Renewal Law and False Advertising Law. Considered some of the strongest subscription regulations in […]