A library of snippets
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Trump Signals Skepticism of Google Breakup, Citing Competition With China
The former president also said he would do “something” to make Google “more fair” if he regained the presidency.From: Trump Signals Skepticism of Google Breakup, Citing Competition With China – The New York Times.
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Cryptocurrency has often been synonymous with a lack of regulation. However, this is rapidly starting to change, with governments around the world now considering rules for digital currencies.
Regulation for crypto assets has been under consideration for some time, but there was a heightened sense of urgency after a series of bank collapses that were tied to crypto asset activities.
From: How are crypto regulations changing around the world? | World Economic Forum.
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Jack says he asked Revolut to show him the image used to authorised the new device. They eventually told him that it wasn’t stored in their system, so there was no way of proving what the fraudsters had done, or what photo was used.
Panorama investigated this apparent vulnerability and found that it appeared to have been fixed.
Jack also believes the fact that 137 individual payments were being made to three new payees in the space of an hour, should have raised concerns with Revolut.From: Revolut customers say e-money firm failed them after being scammed – BBC News.
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The product is designed to replace transactions such as guarantees and letters of credit with smart contracts backed by tokenised cash. The completely digital process will enable 24/7 settlements, when predetermined criteria are met, between Citi clients and their counterparties to automatically execute and provide provisional payments.
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Social media groups must do more in the “war of attrition” against financial fraud on their sites, the UK payment regulator has said, adding ministers should consider making platforms liable for compensation to victims.
From: Social media must do more to tackle payment fraud, says UK regulator.
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Britons lost £460mn to APP fraud last year, according to trade body UK Finance, 70 per cent of which involved goods that were ordered online by consumers but did not arrive.
Most purchase fraud comes from false adverts on social media platforms including Facebook Marketplace and Instagram, according to Lloyds Banking Group and TSB.
From: Meta expands data accord with UK banks in push to cut online fraud.
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Pay with Crypto lets you accept stablecoin payments that settle as fiat in your Stripe balance. You can accept USDC payments on Ethereum, Solana, and Polygon without the complexity of holding or converting crypto to fiat yourself. We charge 1.5% of the transaction amount (in USD).
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t’s better to give merchants more control over how to give out rewards to better serve their customers. Make reward points more of a free-market token than a currency managed by the centralized issuers;
From: What Stripe Has Done Wrong with Their Crypto Payment Solution.
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What’s New
First, a summary on their new payment solution, which you can learn more here.
Allow online merchants to accept crypto and receive fiat without the hustle of managing a crypto wallet;
Users can connect their browser-extension wallet (eg. Metamask, Coinbase Wallet) and pay directly with stablecoin;
After KYB, the merchant experience is the same on Stripe Balance no matter customers pay with credit card or crypto;
They charge 1.5%, which is much lower than the current 2~3.5% credit card take rate when customers pay with credit cards. This is attractive to merchants, especially those in low-margin businesses;
They help merchants with issuing refund which directly refund to customers’ wallet;
Currently only supporting USD settlement for online businesses in the US;From: What Stripe Has Done Wrong with Their Crypto Payment Solution.
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Despite concerns about consumers’ reluctance to abandon credit cards, retailers are under greater pressure to expand payment options and push customers toward lower-cost alternatives. It’s not a sea change yet, but as more major retailers adopt these solutions, it could signal a coming wave for A2A payments.
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A cyberattack tied to the Chinese government penetrated the networks of a swath of U.S. broadband providers, potentially accessing information from systems the federal government uses for court-authorized network wiretapping requests.
For months or longer, the hackers might have held access to network infrastructure used to cooperate with lawful U.S. requests for communications data, according to people familiar with the matter, which amounts to a major national security risk. The attackers also had access to other tranches of more generic internet traffic, they said.
The hackers appear to have engaged in a vast collection of internet traffic from internet service providers that count businesses large and small, and millions of Americans, as their customers. Additionally, there are indications that the hacking campaign targeted a small number of service providers outside the U.S., the people said.
From: Exclusive | U.S. Wiretap Systems Targeted in China-Linked Hack – WSJ.
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