Unzer and Mastercard See an Opportunity for an Open Banking Solution in Europe
Seeing an opening after the shuttering of Paydirekt last year, German payment solutions provider Unzer is introducing Unzer Direct Bank Transfer, a pay-by-bank service and the first product in its collaboration with Mastercard. The new service leverages open banking to offer what Unzer hopes will be a simple payment experience, using existing bank authentication methods […]
Transforming Credit Unions: A Case Study
Last year, PSCU and Co-op Solutions combined and rebranded as Velera. As part of this transformation, Velera seized the opportunity to assess its product journey and modernize its products and solutions to meet the rapidly evolving needs of credit unions and their members. This meant a commitment to developing new solutions and services, while at […]
Singapore’s Metro Department Stores to Support Stablecoin Transactions
As the use of stablecoins increases, Singapore’s Metro department store chain will begin supporting stablecoin transactions both in-store and online. According to Cointelegraph, the integration will be powered by crypto platform Dtcpay. Metro customers will be able to make purchases using dollar-based assets like Tether’s USDT and Circle’s USDC, as well as FD121’s First Digital […]
Senate Moves to Rein in Crypto ATM Scams
In response to scams involving bitcoin ATMs that cost consumers more than $100 million annually, four Democratic senators have introduced the Crypto ATM Fraud Prevention Act. The proposed law, spearheaded by Sen. Dick Durbin (D-Ill.), would prevent new users from spending more than $2,000 per day or $10,000 over a 14-day period to buy cryptocurrency […]
The Growing Threat of Cyberwarfare from Nation-States
Back in 2011, a group of Iranian hackers launched a series of distributed denial-of-service (DDoS) attacks against nearly 50 U.S financial institutions. The attacks were alarming enough, disabling bank websites and preventing customers from accessing their online accounts. However, the situation became even more troubling when it was revealed that these attacks were sponsored and […]
American Express Expands Further in China Through Alipay Alliance
American Express’ new partnership with China’s fintech giant Alipay marks a significant step in its expansion into the lucrative and rapidly growing Chinese market. The deal allows American Express cardholders to link their cards to Alipay’s popular digital wallet, enhancing their payment options. By integrating with Alipay’s extensive network—boasting roughly 80 million merchants—American Express cardholders […]
PayPal to Expand FastLane Service to UK and EU, With Assist from JPMorgan Payments
Checkout is a critical part of the e-commerce experience, and PayPal aims to reduce friction for UK and European merchants with its Fastlane service. Fastlane was initially announced for U.S. merchants last January and expanded more broadly in August. Its rollout in the UK and EU will be facilitated by JPMorgan Payments (JPM), which will […]
Financial Institutions Can Be the Payments Hub That Small Businesses Need
Commercial solutions offered by banks have typically been tailored to larger corporations, with a one-size-fits-all approach that often doesn’t meet the unique needs of small businesses. As a result, many small business owners have turned to consumer-focused products, which lack many of the key functions they need. The lack of compelling options available have driven […]
Google Pay Adds Convenience Fee for Bill Payments in India
As more companies pass card fees on to customers, Google Pay has started charging convenience fees for bill payments made by debit or credit card in India. According to the Economic Times, electricity and gas bill payments will now incur a fee of 0.5% to 1%, including goods and services tax. These payments were previously […]
Ghost Ransomware Attacks Target Outdated Systems
The current wave of ransomware attacks from the Chinese hacking operation known as Ghost infiltrates systems by exploiting vulnerabilities in organizational software. The Federal Bureau of Investigation warns that the hackers are primarily targeting outdated versions of software and firmware. Ghost uses publicly available computer code to exploit security weaknesses in systems that have not […]