February, 2025

February, 2025

Bybit Promises up to $140,000,000 Bounty To Hunt Down Perpetrators of ‘Largest Heist’ in Crypto History
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the funds that were stolen in a major hack. Last week, hackers manipulated a tra...

Wells Fargo Allegedly Does Nothing As Fraudsters Drain $40,000 From Bank Account, Ignoring Urgent Warnings of Fraudulent Activity: Report
A Texas couple says Wells Fargo is refusing to reimburse after $40,000 was stolen from their business account despite urgent warnings of fraudulent activity. Jose Vasquez tells FOX 26 that on January ...

NY Fines Car Insurers $20 Million Over Reporting Failures
New York has closed a multi-year probe into car insurers’ failure to report timely information. That investigation, the New York State Department of Financial Services (NYDFS) said Monday (Feb. 24...

Ace Money Transfer Partners With Mastercard on X-Border Payments
Ace Money Transfer is partnering with Mastercard Move, Mastercard’s suite of money movement solutions. Through Mastercard’s platform, Ace’s customers in Australia, Canada, Europe and the United ...

Platforms Use Cards and Deposits to Become Alternatives to Traditional Banks
FinTechs — especially platforms — are capitalizing on the continued buildout of digital solutions and products, including cards, to give consumers an alternative to traditional banks. In doing so,...

Canadians have Polarizing Views on Evolving Payment Innovations – Payments Canada Study
Canadians are divided in embracing evolving technologies that have the potential to change their shopping experiences along with how they pay and get paid. This, according to an update from Payments C...

Crypto Exec Says ByBit Debacle Shows Why Centralized Exchanges are Flawed
ByBit, one of the largest crypto exchanges in the world, may now claim to be the victim of the largest crypto hack ever, with over $1.5 billion in value. ByBit is a centralized exchange, which one cry...

Apple Touts Ability to See Credit Limit for an Apple Card without Impacting Credit Score
The Apple Card has arguably been a success for Apple (NASDAQ:AAPL). Available as both a physical and digital card, the card seamlessly integrates into the Apple Digital Wallet providing cash back on a...

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February