Kate Rooney / CNBC:
Mastercard partners with Paxos for a program to let financial institutions offer cryptocurrency trading to their clients — – Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients. — The payments giant will act as a “bridge” …
Ryan Browne / CNBC:
Mastercard announces Crypto Secure, which uses AI to help banks identify and stop transactions from fraud-prone crypto exchanges, powered by CipherTrace’s tech — – Mastercard will on Tuesday launch a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.
AnnaMaria Andriotis / Wall Street Journal:
Sources: the FTC is investigating whether Visa and Mastercard’s security tokens restrict debit-card routing competition on online payments — The Federal Trade Commission is examining whether the companies’ security tokens prevent online debit-card payments from going over other networks
Chelsey Cox / CNBC:
FinCEN: US financial institutions processed ~$1.2B in likely ransomware payments in 2021, up ~3x YoY; ~75% of ransomware incidents in H2 2021 were Russia-linked — – U.S. banks and financial institutions processed more than $1 billion in potential ransomware-related payments in 2021.
Kate Rooney / CNBC:
FTX partners with Visa to offer debit cards linked directly to a user’s FTX account in 40 countries, with a focus on Latin America, Europe, and Asia — – Visa is teaming up with global crypto exchange FTX to offer debit cards in 40 countries with a focus on Latin America, Asia and Europe.
Romain Dillet / TechCrunch:
French startup Fintecture, which helps companies digitize their B2B payments, has raised a €26M Series A from Target Global, Eurazeo, RTP Global, and others — Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments …
Financial Times:
A look at a spreadsheet SBF used in November that lists ~500 alleged VC investments by Alameda, including in Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage — A look inside Sam and Caroline’s grab-bag of crypto, etc. — As well as running a crypto exchange that didn’t exchange crypto …
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