August 11, 2023
Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried was ordered to jail Friday (Aug. 11) after a federal judge revoked his bail. Since his arrest on fraud charges in December, Bankman-Fried had been under house arrest at his parents’...
August 11, 2023
Orange May Be the New Black for FTX’s Sam Bankman-Fried
Sam Bankman-Fried’s fraudulent cryptocurrency empire fell apart last November. So too did the hopes and financial goals of the more than 1 million customers who entrusted his FTX platform with...
August 10, 2023
Gen AI Is Having Its iPhone 2G Moment
Generative artificial intelligence (AI) may be suffering from recency bias. The technology, which splashed down into the marketplace last November, represents one of the most significant developments in computing capability...
August 10, 2023
Visa Expands Conferma Pay Partnership to Boost B2B Payments
Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. The new collaboration, announced Thursday (Aug. 10), is centered around Visa Commercial Pay, the payments giant’s B2B suite. “The...
August 10, 2023
EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation,...
August 09, 2023
Nuvei Sees TPV Up 68% in Q2 But Stock Drops...
Nuvei Corp. stock dropped 36% Wednesday (Aug. 9) after the Canadian FinTech released its second-quarter earnings showing a net income drop. As of late afternoon, Nuvei was trading at $19.07 a share,...
August 09, 2023
PULSE and FICO Extend Partnership to Deliver Fraud-Detection Technology
PULSE, a Discover company, has extended its partnership with FICO to deliver fraud-detection technology to financial institutions. This collaboration permits PULSE’s continued enhancements of its DebitProtect suite of fraud-mitigation solutions, which...
August 09, 2023
Epic Games Loses Trial with Apple Over Payments
Apple and Epic Games are locked in a legal battle over the terms of their App Store transactions. On Wednesday, the US Supreme Court handed Epic Games a setback, denying its...
August 09, 2023
Fed to Ratchet Up Oversight Into Banks’ Crypto Activity
America’s central bank is the latest U.S. regulator to increase cryptocurrency sector oversight. The Federal Reserve Board on Tuesday (Aug. 8) released new information on its plan to supervise “novel activities,” a term that...
