Industry News

Visa Report Highlights Scams Proliferating in 2024

Visa Report Highlights Scams Proliferating in 2024

Visa has published the Biannual Threats Report for Fall 2023. It highlights emerging frauds and scams that threaten the economy on a global scale. The report suggests a significant increase in phishing scams, now backed by generative AI tools. This Visa report also points out an uptick in enumeration and ransomware incidents. Additionally, it outlines […]

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FedNow Service has 500 Plus Participating Institutions

FedNow Service has 500 Plus Participating Institutions

The convenience that new fintech tools offer is an important factor for user compliance, and that is why consumers in the United States are actively supporting them. To cater to these preferences, innovative payment options like P2P payment apps and autopay have become popular. One such platform, FedNow, was introduced last year with the aim

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Fiserv Q3 Results

Fiserv Reports Q3 Results, Revenue up 8% to $4.87 Billion

Fiserv Inc. has released its results for the quarter and the nine months ending on September 30, 2023. The Fiserv Q3 results reports the company’s revenue amounted to $4.87 billion showing substantial growth compared to $4.52 billion in the third quarter last year. The net income was reported as $952 million, which is an increase

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Visa Q4 Earnings

Visa Q4 Earnings Surpass Expectations, Driven by Cross-Border Payment Volume

On Tuesday, card giant Visa Inc. announced that it exceeded expectations for fourth quarter profits. Dеspitе concеrns about an imminеnt еconomic slowdown and thе rising cost of living the results were solely based on the consumers embracing a post-pandеmic travеl rеbound. According to Visa’s CFO, Chris Suh, the recovery of inbound travel in the U.S.

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Self-Service Repair Program

Apple Includes New Macs and iPhone 14 in Self-Service Program

Apple’s Self-Service Repair program, introduced last year, is a revolutionary initiative that aims to democratize device maintenance and foster a culture of self-reliance among Apple product users. This groundbreaking program breaks away from the traditional model of tech support, putting the power of repair directly into the hands of consumers themselves. With the self-service repair

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ecommerce product

25 eCommerce Product Ideas to Sell Online in 2024

The eCommerce market has been growing dramatically in the last few years, particularly during the pandemic. According to eMarketer, worldwide eCommerce sales exceeded $5 trillion for the first time in 2022 and are expected to climb past $7 trillion by 2025. Starting a business in centered around selling eCommerce products is more relevant than ever.

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Hot Fintech Trends Emerging from the Pandemic

Hot Fintech Trends Emerging from the Pandemic [2023 Update]

The pandemic has been harsh on our financial infrastructure and has brought sea changes in the fintech industry. Fintech companies started coming to the forefront since the previous year, helping to shape digital payments. In the previous year, people have taken to online shopping in large numbers, and today, almost every buyer is looking for

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Chinese Hackers Were Successfully Able to Bypass 2FA

On December 19, the cyber security firm Fox-IT, which is headquartered in the Netherlands, reported that they discovered a previously-unknown infiltration of managed service provider and government computer systems in at least 10 countries, including the United States, Mexico, Brazil, the United Kingdom, France, Germany, Italy, Portugal and Spain. These systems covered a wide range

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Google Comes Under Scrutiny for Acquisition of Cloud Data Science Firm

Just one week before Christmas, the Competition and Markets Authority of the United Kingdom made an announcement that may have played a part on shares of Alphabet, the parent company of Google, losing nearly 3% on the Nasdaq. Usually, announcements related to information security issues tend to have an immediate effect on company stock, but

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How the New Colorado Digital Driver’s License Works

The United States is one of about a dozen countries without a mandatory national identification document; for this reason, driver’s licenses, state ID cards, passports, and even social security numbers have served as alternatives to a federal identification system that both conservatives and liberals cannot seem to agree on. Starting in October 2020, the Real

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