Author Archives: admin

xxx Varo Money, Inc. has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank N.A. This represents the first consumer Fintech in the US to be granted a national charter From Big News: VaroContinue reading “Big News: Varo Money Becomes First US Fintech to Receive a National Bank Charter”

xxx From Wednesday (July 29), bank account holders can scan their faces on their phones to apply for an online banking account with the launch of a national facial identification service. Dubbed SingPass Face Verification, the captured facial image will be matched against the national biometric database. From National facial ID service launches, DBS toContinue reading “National facial ID service launches, DBS to use it for secure mobile sign-ups, Tech News & Top Stories – The Straits Times”

xxx Joshua Argires received nearly $1 million from the federal Paycheck Protection Program to help 51 employees at his “Texas Barbecue” to weather the COVID outbreak. But according to federal law enforcement, Texas Barbecue had no employees and only a website with nothing for sale. Meanwhile, Argiries allegedly sent the $956,250 he received to anContinue reading “Feds bust Texas man for using PPP loan of nearly $1 million on cryptocurrency”

xxx Sometimes, though, Google is tricked into lying by people who want to push falsehoods onto the rest of us. By systematically exploring Google’s search-ranking system (a system bathed in secrecy and subjected to constant analysis by the Search Engine Optimization industry), bad actors can and do change the top results on Google, tricking theContinue reading “How Big Tech Monopolies Distort Our Public Discourse | Electronic Frontier Foundation”

xxx The popular pub chain announced its safety plans for 875 pubs last week. Now, more details have surfaced. It believes it has an ingenius way to minimise the contamination risk between staff and customers. The detailed guidance states: “Staff will hand over all drinks holding the base of the glass and when ordered by the app theyContinue reading “How Wetherspoon staff can hand you your pint to minimise cross contamination | News and Star”

xxx Gareth Shaw, from consumer organisation Which?, said: “With the existing cash system being pushed closer to the edge of collapse by the coronavirus outbreak, it is clear that new solutions are desperately needed to secure people’s access and ability to pay with cash, which millions of people still rely on as their main formContinue reading “New trials planned for cash-stricken communities – BBC News”

When we think about designing the digital money of the future, the elephant in the room is anonymity. Should digital designers replicate the anonymity of cash in the digital realm? After all, there are people who think that the anonymity that cash affords them is a fundamental liberty. Of course, there are people who preferContinue reading “FORBES Send lawyers, guns and passwords”

xxx States across the country are being hit by unemployment-benefit fraud that could amount to billions of lost dollars, reflecting the vulnerabilities that workers and governments face in the midst of historically high levels of jobless claims related to the coronavirus pandemic. In recent days, states including North Dakota, Maine and Pennsylvania have said theyContinue reading “Unemployment Fraud Spreads Across U.S. as Coronavirus Boosts Claims – WSJ”