Your daily briefing on the world of payments
Europol has dismantled a colossal cryptocurrency fraud network, laundering over €700 million. This crackdown underscores the escalating battle against financial crimes in the crypto realm, spotlighting the need for robust security measures in digital finance.
The Financial Crimes Enforcement Network (FinCEN) reports a significant drop in ransomware incidents and payments in 2024, following the takedown of key ransomware groups. This trend is vital for enhancing cybersecurity and reducing financial risks associated with digital extortion.
Deutsche Börse has teamed up with Kraken to bridge traditional financial markets with the digital asset economy. This partnership, covering trading, custody, and tokenized assets, marks a pivotal move towards the mainstream integration of digital currencies.
Stripe has acquired usage-billing platform Metronome, enhancing its billing services to provide more customized solutions. This strategic move bolsters Stripe's competitive edge in the payments industry, offering advanced billing options to its users.
Mastercard is revolutionizing the lending process by leveraging its vast network and data for smarter credit decisions. This technological advancement promises to transform lending by enabling quicker, data-driven credit evaluations.
"Did you know? The first credit card was issued in 1950 by Diners Club and was initially made of cardboard!"
— history.com