Industry

Ten Experts Debate Bitcoin’s Recent Declines and the Future of Cryptocurrency

Bitcoin’s price was above 8,000 at the end of July. Now, in the middle of August, the cryptocurrency is down to around 6,500. What you’re seeing now is a bit of panic selling Brian Kelly said on CNBC’s Power Lunch on Tuesday. To me, it’s one of the better entry points that we’ve had in […]

Read More

Chase Partners With Expedia on Travel Rewards

Travelers who use J.P. Morgan Chase credit cards are about to get a free upgrade. Credit-card customers who redeem rewards through the bank’s web portals will have access to more than double the travel inventory starting Sunday, according to a person with knowledge of the change.

Read More

Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase Co.

Read More

Kurt Russell to Star in Cryptocurrency Thriller ‘Crypto’

Cryptocurrency values may have peaked in December 2017, but the cryptocurrency movie has nowhere to go but up – at least, that’s what the producers of Crypto are hoping. The upcoming film, currently in post-production, tells a classic crime thriller set against the backdrop of shady cryptocurrency dealings (think Michael Clayton meets Sicario).

Read More

FBI Warns Banks on Potential ATM Hacking Scheme

The FBI is warning financial institutions that their ATMs could be targeted in a hacking attempt. The threat was reported Sunday by Krebs On Security, a popular cybersecurity blog run by the journalist Brian Krebs.

Read More

Payments’ Stranger Things

The payments world could very well be living in the Upside Down. The Upside Down is the fictional parallel universe controlled by a hive mind and humanoid predators called Demogorgons, made popular by the 2016 Netflix smash hit Stranger Things. The Upside Down looked sort of like the real world, but much spookier and a […]

Read More

Citigroup Shakes Up Consumer Bank and Card Chief Leaves

Citigroup Inc restructured its consumer bank, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results.

Read More

Cryptocurrency Exit Scams Have Conned People Out of Almost $100M

Almost 100 million in cryptocurrency has been stolen by exit scammers, as ICO tokens continue to plummet in value. Indeed, the figures suggest that ICO scams over the last two years total at least 96.8 million in value, according to data compiled by blockchain intelligence firm Diar.

Read More

Apple Pay Growth Set to Fuel Smartphone Sales

The ability to conduct mobile payments is set to become a key theme in future marketing campaigns for the Apple iPhone, as international growth pushes transactions to new heights, according to research from US venture capital outfit Loup Ventures.

Read More

Chase Cards Team With Expedia on Travel Rewards

Chase Card Services and Expedia Group announced a strategic alliance that will boost the Chase Ultimate Rewards travel hub. In a press release, the companies said the alliance will also give Chase Ultimate Rewards users new capabilities and more flexibility in redeeming the points.

Read More

The Allure of Debit Cards for P2P Payment Companies

In the U.S., debit cards are the most popular method of payment, so it’s not surprising that many fintechs are trying to enter the debit card market.

Read More

FBI Warns Banks of ‘Unlimited’ ATM Cashout Blitz

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an ATM cash-out, in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just […]

Read More