DBS, OCBC, and UOB in Singapore are slated to retire the use of one-time passwords (OTPs) for customers who have digital tokens, in a move that aims to combat phishing scams. To be phased out within the next three months, OTPs will remain available to customers of the three banks who still rely on physical tokens. These users, however, are "strongly encouraged" to activate their digital tokens to better safeguard their credentials against phishing attacks, according to a joint statement released Tuesday by industry regulator Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS).

3 banks plan to retire one-time passwords for customers with digital tokens

The Associated Press

BANGKOK (AP) — Thailand’s prime minister said Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy. The government announced in April the widely criticized ambitious plan,...

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens

The Independent

Visa and Mastercard users have been hit by an unusual problem with making payments.The problem appears to be a technical issues that have left purchases unable to go through. But both card operators said that the problems appear to have been related to other systems.Both Visa and Mastercard confirmed that its users had problems with making payments and that it was investigating with its partners.“We are aware that some cardholders are experiencing issues when making payments,” a Visa spokesperson had said. “While Visa’s systems are operating normally, we are working with our partners to investigate.”Users ran into a run of problems...

Visa and Mastercard Customers report payment issues with bank cards amid technical issue

Getting your Trinity Audio player ready... Officials with Patelco Credit Union notified customers over the weekend that they would once again be able to access online banking and mobile app services starting this week following a more than two-week-long outage that came in the wake of a cyberattack identified at the end of June.

Patelco restores access to online banking

Decision-makers from payments businesses across the UK have identified Authorised Push Payment (APP) fraud as the top threat to both their businesses and consumers. This is according to the first findings of an in-depth financial crime survey by The Payments Association, which champions innovation and collaboration across the industry, due for full publication later this month.

APP Scams Are the Most Dangerous Type of Fraud, According to The Payments Association Report

An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to a new report. A group of alleged drug runners and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo, reports CNN, citing court documents.

JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Virginia State

Cheryl E Preston

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

PYMNTS

As aggregators compete to win the spending of financially struggling consumers, more players in the space are expanding their acceptance of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments. Target-owned same-day delivery aggregator Shipt, for instance, recently said it has begun accepting these benefits on its marketplace, reaching...

Aggregators Expand SNAP EBT Acceptance to Woo Paycheck-to-Paycheck Shoppers

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Las Vegas, NV

NewsByJoshua

As the mercury rises, so does the stress on your car, especially in places like Las Vegas where triple-digit temperatures are the norm during the summer. A local driver, Frieda Vallejos, shared with KLAS-TV how living in Vegas for over 20 years has helped her body adapt to the heat, but unfortunately, the same can't be said for her car. She recently experienced her center console knob melting off—yikes!

A mechanic warns drivers to act now to avoid 'ruining their center console' as a heatwave approaches

Total Apex Sports & Entertainment

Have you ever heard the saying “No man is an island?” Human beings are social. But we have different levels of friendliness. Some people are approachable while others are introverts.

4 Zodiac Signs Who Can Be Your Friend

Singapore has set in motion an aggressive plan to retire one-time passwords (OTPs) for its retail banking customers within the next three months. The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) said the new authentication process will employ digital tokens in lieu of passwords as a better way to protect against phishing attacks aimed at stealing customer banking credentials. Banking customers will use digital tokens on their mobile devices to authenticate to their accounts on mobile apps and on the banks' websites.

Singapore Banks Ditch One-Time Passwords

Business Insider

Chris Kirchner, a startup founder convicted of defrauding investor was sentenced to 20 years in federal prison Thursday.

Chris Kirchner, founder of Goldman Sachs-backed Slync, was sentenced to 20 years for fraud and laundering startup funds

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

A notorious hacker has successfully breached a major US bank, stealing sensitive customer information from a long list of financial firms in the process. The Tennessee-based lender Evolve Bank & Trust says the Russian-linked ransomware gang LockBit has hacked its system and appears to have stolen most of its personal banking customers’ names, Social Security numbers, bank account numbers and contact information.

Millions of Americans’ Personal Data Allegedly Exposed As Notorious Hacker Hits Bank, Steals Sensitive Info From Multiple Financial Firms

NewsBreak

Temenos and Visa Team Up to Bring Visa Money Movement Solutions to Banks via Temenos Exchange

Temenos (SIX: TEMN), the banking software company, today announced a collaboration with Visa, a world leader in digital payments, to integrate Visa Direct, a Visa money...

Temenos and Visa Team Up to Bring Visa Money Movement Solutions to Banks via Temenos Exchange

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