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xxx A vicious cycle is fueling ransomware, one of the world’s worst cybercrimes, in which criminals seize control of companies’ computer networks, encrypting their data with secret codes. Companies paralyzed by the attacks paid hackers an average of $312,493 in 2020 – triple the average of the year before. The criminals are reinvesting their profitsContinue reading “Ransomware Is Getting Worse, and Cybersecurity Has No Easy Answers”

xxx Bank customers don’t just want personalized messages (if they want them at all)—they want personalized products. And if the mobile banking app is the product, then the app needs to be personalized. From The 12 Most Important Mobile Banking Features (And Why No Bank Can Have Them All). xxx

xxx The bank also calls central bank digital currencies “kryptonite for crypto” but it is intrigued by decentralized finance, which it says is “potentially more disruptive than Bitcoin.” From Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’: xxx   Credit creation is one of the key motors of modern finance. As yet, DeFiContinue reading “Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’”

xxx Florida woman pretending to be plastic surgeon arrested after bad nose surgery, police say She was in the middle of performing another procedure on a different patient on Thursday when detectives got to the office and arrested her, police said. From Florida woman pretending to be plastic surgeon arrested after bad nose surgery, policeContinue reading “Florida woman pretending to be plastic surgeon arrested after bad nose surgery, police say”

xxx One is the fundamental infrastructure of payments processing, for which Stripe typically takes a fee of roughly 2.9 per cent of each transaction — or 1.9 per cent in Europe, where card fees are typically lower. Recommended LexStripe Inc Stripe: a $95bn valuation is perfectly normal for fintech Premium Stripe’s is not the cheapestContinue reading “How Stripe became Silicon Valley’s most prized asset | Financial Times”

xxx Nicolas Pickaerts, vice-president of global development at Matchesfashion, said Stripe had increased its acceptance rate — the frequency with which purchases successfully go through — by about 2 percentage points. “Given the size of our business, it’s worth a lot of money,” he said. From How Stripe became Silicon Valley’s most prized asset |Continue reading “How Stripe became Silicon Valley’s most prized asset | Financial Times”

xxx John Doran, general partner at venture capital firm TCV… referred to the “global perspective” of a Silicon Valley company founded by two young Irish immigrants and its ability to plan five or 10 years ahead. “The [payments] infrastructure is global and you have to have a long-term mindset,” he said. From How Stripe becameContinue reading “How Stripe became Silicon Valley’s most prized asset | Financial Times”

xxx States like Pennsylvania, Virginia, Idaho, Florida and Wisconsin have passed what are considered to be liberal rules permitting robots to operate on sidewalks — prompting pushback from cities like Pittsburgh that fear mishaps. From Sidewalk robots get legal rights as “pedestrians” – Axios: xxx

xxx Meanwhile, banks simply don’t fully appreciate the value of their payments data. Their approach to the massive amounts of data they hold remains disjointed. Payments data is sprawled across the organization in marketing, loyalty, fraud and credit risk silos. From Banks Can Compete Effectively with Big Tech in the New Smart Financial Ecosystem |Continue reading “Banks Can Compete Effectively with Big Tech in the New Smart Financial Ecosystem | PaymentsJournal”

xxx Because portfolio managers and corporate treasurers need to take that volatility into account, he said he doesn’t expect much more institutional money to be invested in bitcoin unless its price tumbles. From Bitcoin’s Value Is All in the Eye of the ‘Bithodler’ – WSJ: xxx