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Delta’s biggest partner, American Express, paid it over $6.5 billion in 2023, a payment that is expected to grow to $10 billion by the time the partnership contract is up for renewal in 2030.

From: Banks in Disguise – by Marc Rubinstein – Net Interest.

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British Airways’ scheme, Avios, for example, operates at a 25% margin, compared with 10% reported by its parent. In addition, the business is more stable, less capital intensive, and not as seasonal as flying planes.

From: Banks in Disguise – by Marc Rubinstein – Net Interest.

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On an internet entirely defined, rather than only partly defined, by lies, there will be nowhere for the lies to hide. Normies will finally be forced to develop a healthy sense of skepticism, and mankind will be saved. That sounds great, actually. Let the clown world come.

From: .

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For example, the AI suggested incorporating nontoxic glue into pizza recipes and ingesting rocks for nutrients, based on outdated or satirical posts from platforms like Reddit and The Onion. This led to significant public outcry and numerous users sharing screenshots of these misinformation instances on social media platforms such as X (formerly known as Twitter).

These errors have raised concerns about Google’s capacity to deliver reliable information, essential given that over two billion people use Google’s search engine.

From: Google’s AI Overview Feature Faces Backlash for Delivering Misinformation | Noah News.

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Microsoft’s new AI feature has been described as a “security nightmare” because it screenshots everything you look at on your PC, including your passwords and bank details.

“Recall” was described by the company as giving your computer a photographic memory, enabling users to search for anything that has passed on the screen.

All activities, communications and websites would be captured and stored locally on the computer. They would be searchable using an AI model, which could also identify the content of images

From: Microsoft’s ‘security nightmare’ AI records everything you look at.

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However, there was a 33% increase in reported mobile phone theft in the year to January 2024.
Losses from mobile banking fraud increased by 17% to £18.7 million in H1 of 2023, the highest recorded total. The number of cases also hit a new record, increasing by 32%, with average losses per customer of £2,314.

From: Mobile banking fraud soars – as do mobile phone thefts.

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Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.

From: UK bank fraud losses topped £1 billion last year.

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Founded in 2001 by a team with experience at Google, PayPal and Affirm, Kudos is an app and browser extension that acts as a smart wallet assistant that can recommend or automatically select the best credit card for shoppers to use when paying to maximize their rewards and cash back.

From: Kudos raises $10.2m for AI-powered smart wallet.

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A British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House has confirmed that it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $25 million to fraudsters.

From: Arup revealed as victim of $25 million deepfake scam involving Hong Kong employee | CNN Business.

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Participating banks will issue the digital card and then offer consumers the choice to set preferences, such as paying with a debit card for transactions under $100 in real-time and using a credit line for amounts over $100 within the mobile banking app. This flexibility can be configured for a single payment credential through the mobile banking app, provided the issuer participates and removes the friction of using multiple cards for different purposes, enabling them to customize how they pay based on transaction amounts.

Issuers will have several options for managing payment rules and preferences for Flexible Credentials. They can either handle the configuration preferences internally or utilize a service provided by Visa, which offers APIs to set up these controls. These APIs can direct Visa to switch transactions to the appropriate funding source based on predefined rules.

“For the consumer Flexible Credentials can work with any type of funding source the bank would offer you,” Nelsen said. “Buy now, pay later would be one. Pay with cryptocurrency and paying with points would be two others. Whatever that banking institution will allow, the consumer would then have the option to choose the type of transaction and how they want it to be funded.”

From: Visa Recasts Digital Wallet Landscape with Identity and Payments.

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