Privacy-Enhancing Technologies Can Supercharge Threat Intelligence
As fraud becomes more prevalent and organized, the need for an overarching solution to identify fraud patterns has grown. However, many financial institutions have been hesitant to share customer data due to compliance and privacy concerns. Privacy-enhancing technologies (PETs) could help address these challenges. PETs enable organizations to share information across the industry while protecting […]
Driving Hyper-Personalization in Digital Banking using AI
Across shopping, streaming, and social media, consumers have grown used to receiving personalized recommendations powered by artificial intelligence. While some may feel less comfortable with AI taking on a similar role in their banking experience, a hyper-personalized digital banking platform can deliver far greater value than simply suggesting the next show to binge. In a […]
Stablecoin Usage Surges After GENIUS Act Passage
Total stablecoin transactions reached $10 billion in August, up from $6 billion in February. In July, the United States passed the GENIUS act, a bipartisan bill establishing a federal framework for the issuance, trading, and custody of stablecoins. The legislation set off a flurry of new stablecoin launches from leading financial services firms, as well […]
T-Mobile Closes Autopay Loophole for Credit Cards
For most merchants, getting customers to enroll in an autopay program is a highly desired outcome. But T-Mobile’s recent move to close a credit card payment loophole for its autopay customers signals there may be an even bigger ambition at play: avoiding interchange fees. T-Mobile has long offered a $5 monthly discount to customers enrolled […]
Why Alternative Payment Methods Are No Longer “Alternative”
Different payment methods have gained popularity in different parts of the world. For example, buy now, pay later is widely used in Australia and the Nordics, while account-to-account payments lead the way in the Netherlands and Brazil. As commerce becomes increasingly globalized, merchants everywhere must adapt to these local payment preferences—or risk losing customers. In […]
Ghost Tapping Preys on Credit Card Chips and Digital Wallets
The Better Business Bureau has issued a new warning about a scam targeting tap-to-pay chips in credit cards and mobile wallets. So-called ghost tapping abuses the near-field communication (NFC) technology embedded in contactless payment chips and digital wallets, which allows devices to exchange data at very close range. The scam can happen without the victim […]
As Credit Card Usage in India Has Increased, Debit Card Use Declines
Over a five-year period, the number of credit card transactions in India has doubled, while the total value of those payments has nearly tripled—even as debit card transactions have declined in both volume and value. A study by the Reserve Bank of India (RBI) found that credit card transaction volumes increased from roughly 2.1 million […]
How Dark Web Intelligence Is Key to the Fight Against Infostealers
Cybercriminals have been after personal data for years, but new technology is giving them a dangerous boost. Infostealers—malware that extracts sensitive data like passwords and credit card numbers—are becoming one of today’s biggest online threats because they are easy to use and hard to spot. While conversations about online safety often peak during Cybersecurity Awareness […]
T. Rowe Price Proposes First Actively Managed Crypto ETF
The legacy asset management and mutual fund company T. Rowe Price is jumping into the crypto landscape with the launch of the first actively managed exchange-traded fund (ETF) focused on digital assets. Whereas most existing crypto ETFs invest in a single asset—typically bitcoin—the T. Rowe Price Active Crypto ETF will hold a diversified basket of […]
Jingle Thief Bad Actors Target Gift Card Issuers for Fraud
A group of cybercriminals dubbed “Jingle Thief” is using phishing techniques to gain access to gift card systems, then issuing cards to resell for personal profit. Researchers from cybersecurity company Palo Alto Networks uncovered the group’s tactics as Jingle Thief targeted the cloud infrastructure of retail and consumer services companies. Once inside, the bad actors […]