February 2025 – Page 24

Former Credit Union Employee Strikes Back by Deleting 20GB of Data

A woman in the US has pleaded guilty in a Brooklyn court after breaking into a credit union's computer system and deleting over 20 gigabytes...

SurePay Secures €12.2 Million in Funding for Confirmation of Payee Solutions

SurePay, a spin-off of Rabobank that provides Confirmation of Payee (CoP) services in the UK and Benelux, has successfully raised €12.2 million in a funding...

Klarna Prepares to Dive into the Crypto Space

Buy now, pay later giant Klarna is exploring cryptocurrency integration ahead of its anticipated IPO in April this year. Klarna's CEO, Sebastian Siemiatowksi, recently shared...

FCA Increases Efforts to Tackle Misleading Financial Promotions

Nearly 20,000 financial adverts were withdrawn or amended in the UK last year following intervention from the FCA, which is nearly double the amount from...

Mastercard Acquires Crypto Intelligence Company CipherTrace

Mastercard is enhancing its digital asset capabilities by acquiring cryptocurrency intelligence firm CipherTrace, with financial terms undisclosed. CipherTrace specializes in analyzing large volumes of blockchain...

Rapyd Negotiates $300M Fundraising with Significant Valuation Adjustment

Payments-as-a-Service platform Rapyd is seeking to raise $300 million at a valuation of $3.5 billion, significantly lower than the $9 billion it achieved during a...

IPiD Unveils AI-Driven Name Matching Technology for Enhanced Payee Verification

Payment identity network iPiD has partnered with Microsoft to develop an AI-powered name-matching tool for Verification of Payee (VoP). Name matching has been a fundamental...

Major Banks Allocate $45 Million to Carbon Credit Trading Network

A group of nine banks has invested $45 million in Carbonplace, a global DLT-based carbon credit transaction network they established, which is becoming an independent...

BNY Executes Record-Breaking Instant Payment in U.S. History

BNY has executed the largest instant payment in U.S. history using The Clearing House's RTP Network, transferring $10 million to Bank of America on behalf...

Union Files Lawsuit Regarding CFPB Closure

A labor union has initiated legal action against Consumer Financial Protection Bureau (CFPB) acting director Russell Vought after he instructed staff to suspend much of...