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Tag: payments

Cyber attacks fuel surge in cargo theft across logistics industry

Hackers infiltrate logistics firms to steal cargo and divert payments, cyberattacks are linked to organized crime and rising losses. Proofpoint researchers observed crooks targeting trucking and logistics companies, running coordinated remote access campaigns to steal cargo and divert payments. These attacks appear to be linked to organized crime. The findings highlight a growing trend of…

Major outage cripples Russian banking apps and metro payments nationwide

A major outage hit Russian banking apps and payments, blocking card use, cash withdrawals, and mobile access for hours. A widespread outage disrupted banking apps and payment systems across Russia, leaving customers unable to pay by card, withdraw cash, or access mobile banking for hours. According to The Record Media, the incident affected major banks,…

ACI Connetic for Cards unifies card, A2A payments and fraud management on one platform

ACI Worldwide has launched ACI Connetic for Cards, an integrated card payments suite within ACI Connetic, its cloud-native payments hub. The platform brings together account-to-account payments, card payments, and fraud prevention in one system. ACI’s acquiring, issuing, and ATM and self-service banking solutions process more than 300 billion card transactions each year. ACI Connetic for…

Jack Dorsey shrinks Block to ‘intelligence‑native’ model, cutting 4,000 jobs

Block, the payments and financial services company led by Jack Dorsey, is cutting more than 4,000 jobs, nearly half its workforce, because AI tools have made a leaner organisation not just possible, but strategically preferable, Dorsey said in a letter to its shareholders. The cuts will reduce Block’s headcount from over 10,000 to just under…