Ahead of Its IPO, Gemini Unveils a Ripple Credit Card
Gemini, the crypto exchange founded by the billionaire Winklevoss twins, has launched a new credit card that offers rewards in the cryptocurrency Ripple (XRP). This card follows an earlier release from Gemini that provides rewards in bitcoin, other crypto assets, and the exchange’s own stablecoin, the Gemini Dollar. The launch comes shortly after Gemini filed […]
Which Supplier Industries Are Ready to Move into Virtual Cards?
By now, virtual cards have established use cases in key industries like healthcare and travel. In these industries, both buyers and sellers see value in the cards’ ability to automate payments, accelerate payment timing, deliver incremental data, offer buyer and seller controls, and mitigate fraud and credit loss concerns. While these industries continue to deliver […]
Auto Loan Delinquencies Creep Higher Among the Most Creditworthy
Credit delinquencies are starting to creep up even among borrowers with the highest credit scores. Research shows that most of the increase is concentrated in the auto loan and mortgage segments, while credit card delinquencies remain stable for now. According to the latest edition of CreditGauge, published by VantageScore, late-stage delinquencies have risen across all […]
Visa to End Its Open Banking Operations in the U.S.
As concerns grow over the relationships between fintechs and banks, Visa will reportedly shut down its open banking services in the United States. Open banking relies on third-party relationships, where financial technology companies connect banks to each other and to a range of services. These offerings have become essential to the digital banking experience consumers […]
Oracles Can Be the Final Piece of the Blockchain Puzzle
Much has been made of the security and immutability of blockchain, but this security comes with a caveat: It can be achieved only when the blockchain is separated from external systems. This means that a smart contract could be set up in a supply chain to tell a company when a shipment is transferred, but […]
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 […]