Crypto wallet BitKeep has been hacked for more than $1 billion in BNB Chain and Polygon-based tokens on Tuesday (Oct. 18), a Coindesk report said. The BitKeep Swap product said it was hacked early on Tuesday. The team said it had “managed to contain the...
With nearly 29 billion debit and credit cards in circulation worldwide, cards power the digital economy. But as consumers warm up to alternatives, other payment methods such as domestic schemes, account-to-account transfers and mobile wallets are gaining traction. In Germany, for example, digital wallets are...
Today in Europe, the Middle East and Africa, FTFT launched the Orbit eWallet for Chinese students studying in the U.K., and Nationwide Building Society announced that it has recruited Moneyhub to help facilitate open banking payments for customers opening a savings account. FTFT UK Develops...
Square posted third-quarter results Thursday (Nov. 5) that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Total net revenues of $3 billion were up from $1.9 billion last...
January 23, 2020
This week, global luxury brands have seen their stock prices take a sharp hit as reports emerge that a coronavirus with origins in China’s Wuhan region is spreading rapidly and has made its first appearance on U.S. shores. Burberry, LVMH, Richemont and Gucci owner Kering had all seen their shares fall by between 1.9 percent and […]
October 28, 2019
Visa and Marqeta are teaming to ease global expansion of FinTech firms and digital card issuance in Asia-Pacific. Matt Dill, Visa’s global head of strategic partnerships and venture, tells Karen...
February 19, 2019
To streamline FinTech, and to help consumers and businesses transact in the ways they desire, firms must move beyond the silo approach. FinTech still exists as a fragmented market, where...
December 13, 2023
MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border payment solutions to its global customer base, the company said in a Tuesday (Dec. 12) press release. “This collaboration allows us to increase our country coverage, […]
October 18, 2022
Crypto wallet BitKeep has been hacked for more than $1 billion in BNB Chain and Polygon-based tokens on Tuesday (Oct. 18), a Coindesk report said. The BitKeep Swap product said...
June 24, 2020
After auditors for Wirecard couldn’t confirm the existence of $2.1 billion in trust accounts and Wirecard’s former chief executive was arrested, Southeast Asia’s Grab has reportedly halted a collaboration with the German...
February 05, 2020
BitPay, a leading Bitcoin and cryptocurrency payment service, said that it will soon allow invoices to be paid from any Bitcoin wallet or crypto exchange, according to a report Tuesday...
