Ransomware Attack Shuts Down Nevada State Services
The Nevada state government is reeling from a ransomware attack that has disrupted nearly all state functions and compromised an undisclosed amount of personal information. Governor Joe Lombardo revealed that government offices were closed and online services taken offline to prevent further intrusion in the wake of the network security incident. State Chief Information Officer […]
Google Is Building a Universal Blockchain for Financial Institutions
As more financial services-oriented blockchains emerge, Google plans to launch a neutral, global blockchain for the industry. In a LinkedIn post, Rich Widmann, Head of Web3 Strategy at Google Cloud, provided details on the new offering, dubbed the Google Cloud Universal Ledger (GCUL), noting that the layer-1 blockchain has been years in the making. He […]
Why Bill Pay Is an Underutilized Touchpoint for Financial Institutions
Amid the rise of subscriptions and digital services, consumers are juggling more bills than ever. In fact, the average U.S. household now pays around 10 bills each month—a growing list that can be tricky to track and manage. While more consumers are turning to their financial institution for help managing these responsibilities, many banks have […]
CFPB Pushes Rule to Stop Oversight of Nonbanks
The Consumer Financial Protection Bureau is pulling back further from the role it has played in recent years, proposing a rule that would limit its ability to supervise nonbanks. Entities ranging from buy now, pay later services to digital wallets would continue to be exempt from the CFPB’s oversight. “It is essential that the Bureau […]
PayPal Disruption Leads to Fraud Surge at German Banks
Financial institutions in Germany flagged millions of direct debits linked to fraudulent activity following a temporary interruption on PayPal’s platform. In total, payments worth more than $11.7 billion were blocked by banks in an incident where the details have yet to be fully disclosed. PayPal acknowledged experiencing a service disruption that was later resolved. This […]
Exploring the Factors Driving Continued ACH Growth
In just the first half of the year, ACH payment volume grew by 5.5% on a daily average basis, reaching roughly 17.25 billion payments. The growth is even more pronounced in terms of dollar value, with the ACH Network processing $45 trillion in the first half of 2025—a 6.8% increase compared to the same period […]
AI and the Future of Payments: Staying Ahead of 2026
WEBINAR AI and the Future of Payments: Staying Ahead of 2026 September 25, 2025 1:00 pm EDT [contact-form-7] Are You Prepared for What AI Will Demand from Payments Next? Artificial intelligence dominates conversations in financial services, but the real challenge is separating hype from impact. For many organizations, payments operations are still slowed by manual […]
Authvia Adds Visa Direct to Its SMS Payments Platform
A gig economy marketplace seeking to pay a creator could soon issue payouts via text message, thanks to a new platform from Visa Direct and messaging commerce company Authvia. However, the potential applications go far beyond the gig economy. According to Authvia and Visa, the platform could allow organizations across industries to send refunds, payments, […]
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 […]