Samsung Adds Contactless P2P Payments Functionality to Its Wallet
Splitting the bill just got easier for Samsung Wallet users. Soon, they’ll be able to send money by simply tapping their phones. After building the functionality with Visa and Mastercard, Samsung will roll out a tap-to-transfer feature for U.S. users in the coming weeks. It will enable users to transfer money from a debit card […]
After an Upgrade, Solana is Primed to Be the Blockchain of Choice for Financial Institutions
Bitcoin has dramatically altered the financial world over the past decade and a half. However, the blockchain that underpins the most dominant cryptocurrency in the world can process only five to seven transactions per second. In contrast, an impending update to Solana will allow the blockchain to process roughly one million transactions per second. In […]
Delinquencies Run Rampant as Student Loan Collections Return
The process of collecting defaulted student loan payments has resumed after a five-year pause due to COVID-19, and the outlook is fairly bleak. As of February, more than 20% of all federal student loan borrowers with payments due are over 90 days delinquent. According to data from TransUnion, the current student loan delinquency rate stands […]
PayPal Pilots Digital Wallet in Germany Amid Stablecoin Push
PayPal will launch its first mobile wallet in Germany as part of its strategy to capture a greater share of in-store payments. At checkout, consumers can access the wallet through PayPal’s app and tap-to-pay at merchants that accept Mastercard contactless payments. The app will also provide a unified view of both online and in-store transactions. […]
The Connecting Thread: How PAR Values Can Mitigate Fraud and Supercharge Loyalty Programs
When customers make purchases using Apple Pay or Google Pay—or enter their card info at online checkout—their sensitive data is protected by replacing it with a token. While this safeguards consumer privacy, it has also created a challenge: because the same card can be tokenized differently across multiple merchants, businesses are losing access to vital […]
Top-Clicked Phishing Emails Impersonate Human Resources and IT
Bad actors continue to rely on phishing emails, with some of the most effective attacks against businesses masquerading as internal communications. A KnowBe4 study analyzing user behavior during a phishing simulation found that roughly 60% of the failures involved emails referencing an internal team, with nearly half specifically mentioning HR. Some of the most convincing […]
Robinhood, E*Trade Go Two Different Directions on Crypto
After its crypto revenues plunged in Q1, Robinhood is stepping back from trading in digital assets. Meanwhile, E*Trade is planning to ramp up its crypto services. The divergence appears to reflect the distinct client bases each company serves. Robinhood has long been a popular platform for trading, but its crypto-related revenue for Q1 2025 dropped […]
How Mobile Banking Apps Can Be the Center of Customers’ Money Movement Activities
Money movement is arguably the most essential function of a financial institution. However, now that there are more ways to move funds than ever before, many institutions’ mobile banking apps aren’t quite the centralized solutions customers have come to expect. In Money Movement Hubs: Boosting the Value of FIs’ Most Commoditized Features, Gregory Magana, Digital […]
Apple Forced to Strike Down Barriers to Its App Store in the U.S.
A week after Apple was hit with a massive fine and ordered by the European Union to revamp its App Store policies, a U.S court has delivered a similar blow. A judge found that the company violated a prior court order aimed at loosening its grip on the App Store—part of a longstanding legal battle […]
Iris-Scanning Biometric Verification Goes Live with Exclusive Visa Card
A spherical biometrics device called the Orb can scan a user’s iris to enroll them in an identity verification program that offers various perks. The project is facilitated by World, a company co-founded by OpenAI CEO Sam Altman. According to CNBC, six Orb locations are launching in the U.S., including Austin, Atlanta, Los Angeles, Nashville, […]