Phishing Attacks Shift to More Subtle Enticements
The days of receiving phishing emails with subject lines like “Payment Overdue!” may be coming to an end. As users grow desensitized to alarmist messages, malicious actors have shifted to more subtle approaches. “Request” was the most common word in phishing subject lines in 2024, according to research from Cisco. Threat actors have largely abandoned […]
Infostealers: The Latest Cyberthreat Facing Financial Institutions
Last year, a breach of cloud storage company Snowflake resulted in data stolen from more than 150 companies, with more than $2 million extorted from victims. The attack was carried out by an infostealer, a type of malware that didn’t directly infiltrate Snowflake but instead entered through a client with weak security measures. The growing […]
JPMorgan to Facilitate Real-Time USD Payments in India
JPMorgan’s recently rebranded digital assets unit, Kinexys, will enable commercial clients of India’s Axis Bank to send and receive USD transfers in real-time both domestically and cross-border. According to Reuters, this will be the first time organizations in India will have access this functionality. Two key benefits of this feature include greater flexibility and increased […]
Fraud Concerns May be Slowing Real-Time Payments Adoption in the UK
Although real-time payments have been available in the UK for some time, adoption has been slower compared to many other parts of the world, likely due to security concerns. A study conducted by FICO found that while 79% of UK consumers surveyed have used real-time payments, this lags behind the 14-country average of 91%. Additionally, […]
Why Risk Management Should be Top of Mind for Credit Card Issuers
Credit card issuers are navigating a landscape filled with macroeconomic challenges, regulatory uncertainty, and financially strained consumers. Unfortunately, the road ahead remains uncertain, making it critical for issuers to take proactive measures to protect themselves as charge-offs and delinquencies mount. In the Credit Card Databook, Part 2: Balancing Risk and Reward in a Resilient Economy […]
The Return of Student Loan Payments Is Playing Havoc with Credit Scores
Many Americans are waking up to substantial declines in their credit scores as delinquent student loans begin impacting them for the first time since the pandemic-era repayment pause ended. The New York Fed estimates that more than 9 million student loan borrowers will experience significant credit score drops in the first half of 2025. The […]
Robinhood Aims to Bring Wealth Management Solutions to Everyday Investors
Fintech Robinhood is introducing wealth management, private banking, and artificial intelligence (AI) solutions designed to bring luxury features to retail investment portfolios. The company’s Gold members, who pay either $5 per month or $50 per year for their subscription, will gain access to the Robinhood Strategies platform. The service gives members with investments as little […]
Personalized Gift Cards Are the Cornerstone of Employee Engagement Programs
Across industries and companies—from small businesses to large enterprises—organizations are constantly searching for ways to improve corporate culture and boost employee engagement. However, in large, dispersed companies, providing employees with the personal touch needed to maintain motivation can be particularly challenging. In a PaymentsJournal podcast, Julie Gu, Vice President of Sales and Marketing, North America, […]
Mexican Peso Stablecoin Launches to Streamline Cross-Border Payments in Latin America
The stablecoin market is more competitive than ever, yet it remains dominated by USD-backed assets like Tether’s USDT and Circle’s USDC. In this dynamic environment, Latin American crypto exchange Bitso is launching a Mexican peso-backed stablecoin, which could serve as a cross-border payments solution in the region. The exchange has established a subsidiary, Juno, to […]
An End to Government Checks? Not So Fast
The White House has issued an executive order eliminating paper checks for government disbursements, effective September 30. While this initiative seems ambitious, the Trump administration has left itself some flexibility. The directive aims to significantly reduce the number of paper checks issued by the federal government, but it won’t eliminate them entirely anytime soon. According […]