Singapore Banks Boost Security with Facial Verification Technology
Banks in Singapore are implementing Singpass Face Verification (SFV) to enhance the security of digital tokens (DT) for retail customers. SFV adds an extra layer of protection against scams by verifying customer identity using face scans. ... Read More
Contactless Payments Surge in Canadian Retail
Contactless payments have become the dominant method for in-store transactions in Canada. With more consumers opting for tap-to-pay options, driven by convenience and safety, this trend continues to grow. Both credit cards and mobile ... Read More
Mastercard Strengthens Cybersecurity with Recorded Future Acquisition
Mastercard has acquired cybersecurity firm Recorded Future in a strategic move to bolster its security offerings. This acquisition aims to enhance Mastercard’s threat intelligence capabilities and provide advanced protection for its ... Read More
OnTop Joins Forces with dLocal to Enhance Global Payments
OnTop, a leading platform for managing global teams, has announced a strategic partnership with dLocal to simplify cross-border payments. This collaboration aims to streamline financial transactions for companies operating internationally, ... Read More
Swiss Financial Giant SIX Considers Launching Crypto Exchange
Switzerland’s SIX Group is contemplating the launch of a cryptocurrency exchange, aiming to diversify its offerings and tap into the growing digital asset market. This potential move reflects a broader trend among traditional financial ... Read More
U.S. Bank Launches Paze for Enhanced Payment Solutions
U.S. Bank has introduced Paze, a new payment solution designed to streamline transactions for both cardholders and merchants. This innovation aims to enhance the payment experience with improved security and convenience ... Read More
SEC Targets Fraudulent Pig Butchering Scams: Three Individuals and Five Companies Charged
The SEC has filed its first lawsuits targeting pig butchering crypto scams, which involve fraudsters building fake online relationships to trick victims into investing in fictitious crypto platforms. Over $3 million has been stolen from 29 ... Read More
Brazil’s Banks Urge Swift Ban on Credit Card Gambling
Brazilian banks are calling for an immediate ban on using credit cards for online gambling. Concerns about rising debt and financial risks among consumers have prompted the banks to push for quicker action. Authorities are considering the ... Read More
Former Meta Executive Sergi Herrero Takes the Helm at Mangopay
Mangopay has appointed Sergi Herrero, former Meta executive, as its new CEO. Herrero's expertise in technology and digital transformation is expected to drive Mangopay’s growth and innovation in the payments ... Read More
European Credit Sector Urges Enhanced Fraud Prevention Measures
European credit sector associations are advocating for increased fraud prevention efforts, highlighting the rising threat of sophisticated scams. They call for improved regulatory frameworks and advanced technology to safeguard financial ... Read More