financial

Venmo debit card is a physical option for real world payments

Venmo debit card is a physical option for real world payments

Digital payment platform Venmo has announced plans to release its own physical debit card, making it easier for users to buy things at the gas pump and other places where digital transactions may be problematic. The debit card is issued by MasterCard and, as such, can be used just about anywhere in the US and many other countries. The card is only available as a limited release right now; here's how to get your own.

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Bitcoin price manipulation probe underway at Justice Department

Bitcoin price manipulation probe underway at Justice Department

The US Department of Justice is investigating possible cryptocurrency price manipulation, at least according to sources that have leaked the probe. According to the tipsters, the DOJ has teamed with the Commodity Futures Trading Commission (CFTC) to determine whether some traders have or had been manipulating the price of cryptocurrencies like bitcoin. The sources say this is a criminal probe.

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Bank of America Erica AI assistant simplifies personal banking

Bank of America Erica AI assistant simplifies personal banking

Bank of America is getting on the artificial intelligence bandwagon with the launch of Erica, an AI personal assistant that helps customers manage their personal bank accounts. Though Alexa and Assistant can do many things on your behalf, they can't get into your bank account and that's where Erica comes in...at least for BoA customers. With it, those users can manage their banking activities using voice commands.

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Skim Reaper is NYPD’s possible solution to ATM card skimming

Skim Reaper is NYPD’s possible solution to ATM card skimming

The New York Police Department is testing a new tool called the Skim Reaper that may help prevent ATM-based credit card fraud. Card skimmers are a growing problem impacting people around the world; the scam works by placing a physical skimmer on an ATM, then retrieving it later after numerous cards have passed through it. The same devices can be placed on gas pumps and other terminals.

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Instagram payment feature quietly appears for some users

Instagram payment feature quietly appears for some users

Some Instagram users have started seeing a payments feature that enables transactions directly on the platform. The addition hasn't been officially announced at this time, however a decision to add a payment feature wouldn't be surprising. Parent company Facebook previously launched a tool for sending users money on Messenger, and recent changes to Instagram hint the company may be bringing some of its features to Instagram.

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Apple Q2 2018: When “doomed” is actually $61.1bn in revenue

Apple Q2 2018: When “doomed” is actually $61.1bn in revenue

Apple has published the financial results for its fiscal Q2 2018, revealing a 16-percent increase in quarterly revenue to $61.1 billion. The company primarily has international sales to thank for the success -- 65-percent of Q2 2018's sales were overseas. Overall, Apple saw its strongest March quarter ever, giving the company another record milestone.

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Samsung Pay PayPal support starts rolling out in US

Samsung Pay PayPal support starts rolling out in US

Last year, Samsung announced that it had struck a partnership with PayPal, one that would bring the latter service to its mobile payment platform. Samsung Pay users in the US have waited over the months since for the support to actually arrive, and that day has finally come. Many Samsung Pay users in the US are seeing PayPal listed as a supported option.

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Reddit drops Bitcoin payment option for Gold

Reddit drops Bitcoin payment option for Gold

As bitcoin popularity grew, so did the number of companies accepting it as a payment method. Dell was one of the early big companies to accept it; Microsoft, too, let customers pay for subscriptions using the digital currency. Reddit adopted bitcoin as a payment option for Gold way back in 2013, but quietly changed that in recent days, blaming Coinbase and bugs for its decision.

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Forget coins, Church of England now accepts Apple Pay and Google Pay

Forget coins, Church of England now accepts Apple Pay and Google Pay

The Church of England just got a big tech upgrade. To make donation easier (or perhaps just to target youth who don't carry physical money), the religious entity has launched support for Apple Pay and Google Pay, enabling parishioners to make payments or donate using their smartphone. The official launch follows a small trial that took place in summer 2017, one that apparently was a success.

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Orbitz data breach exposes 880,000 customer credit cards

Orbitz data breach exposes 880,000 customer credit cards

Travel company Orbitz has revealed a huge security breach that exposed about 880,000 customer credit cards. According to the company, the breach -- which was discovered on March 1 -- could have spanned from October 1, 2017, until December 22, 2017, during which time the hacker may have had access to certain data. The data itself was submitted between January 1, 2016, and June 22, 2016, on the Orbitz platform, as well as between January 1, 2016, through December 22, 2017, through select business partners.

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Venezuela Petro cryptocurrency use blocked by White House

Venezuela Petro cryptocurrency use blocked by White House

The White House has officially banned the use of Venezuela's state cryptocurrency "Petro." An executive order on the matter was signed by Trump today, and in it the White House dictates that all US persons, including permanent residents and entities, are prohibited from buying or otherwise dealing in the cryptocurrency. The move follows Venezuela's recent launch of the digital currency, an action that violates recent US sanctions.

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Bitcoin mining banned in NY’s Plattsburgh over electricity usage

Bitcoin mining banned in NY’s Plattsburgh over electricity usage

Mining bitcoin and other cryptocurrency requires a huge amount of electricity, and that's a problem for modern day prospectors in search of a fortune. Mining operations have popped up in New York's Plattsburgh, a small city with incredibly cheap electricity rates due to its proximity to a hydroelectric dam. Mining operations have gravitated to the city to take advantage of its cheap rates, but that has proven to be a big problem for the small city.

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