The EU's digital sovereignty package aims to reduce dependence on US tech, but faces challenges. Beti Hohler's experience with US sanctions highlights the risks of this reliance. The package's Cloud and AI Development Act (Cada) has flaws in enforcement and scope, potentially entrenching US dominance.
MIT has launched an operation against a sophisticated cyberattack that sent suspicious SMS messages to citizens about high-value credit card transactions. The operation, coordinated by MIT and involving security units, led to the arrest of three suspects in Istanbul and Kocaeli. No financial loss was reported, but the method used is common in organized cybercrime.
Visa is developing new AI-powered initiatives, including enhanced payment tokens and partnerships with AI agents, to ensure credit cards remain the preferred payment method amidst the rise of AI in commerce. The company believes AI can boost credit card usage by making transactions more secure and trusted.
SBI Card is changing reward point programs for PhonePe SBI Credit Cards (PURPLE & SELECT BLACK) from July 1, 2026. New monthly caps and exclusions for certain spending categories will impact reward accumulation for cardholders.
Rising jet fuel prices and airfare have made travel rewards cards less valuable this summer. Travelers may need to spend more cash or be more strategic with redemptions as dynamic pricing adjusts point values. Experts advise responsible spending and paying balances in full to maximize benefits.
Indian travel-tech startup Scapia has secured $63 million in a funding round led by General Catalyst, despite a global fintech funding slowdown. The company's valuation has more than doubled to over $500 million.
OpenAI has launched a new personal finance feature within ChatGPT, allowing Pro users in the US to connect bank and investment accounts. The tool, powered by GPT-5.5, offers spending insights, subscription tracking, and financial advice, with plans for wider availability.
Parker, a Y Combinator-backed fintech offering corporate credit cards and banking services to e-commerce businesses, has filed for Chapter 7 bankruptcy with $50M-$100M in assets and liabilities, affecting 100-199 creditors and leaving small business customers in a challenging situation.
Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down.
Texas police have charged a former Chick-fil-A employee with defrauding the fast food company of $80,000 (£58,800) by allegedly ringing up 800 catering-sized trays of mac-and-cheese and then refunding the cost to his personal credit cards. Keyshun Jones, 23, was arrested on April 17, 2026 after multiple attempted arrests. He faces charges of property theft, money laundering and evading arrest. Police allege Jones was fired a month earlier but returned to a Grapevine branch, accessed the register behind the counter, and processed the fraudulent refunds.
Federal Bank announced acquisition of approximately 4.5 lakh credit cards from Standard Chartered Bank India for a portfolio valued at Rs 1,500 crore. The deal, valued at 1.5-1.6 times implied equity, will close by end of 2026 and increase Federal Bank's non-co-branded credit card receivables by about 90%. Around 75% of acquired cards are concentrated in India's top eight cities, more than doubling Federal Bank's presence in Tier-1 markets.
The Federal Reserve held interest rates steady at 3.5%-3.75% in what may be Chair Jerome Powell's final meeting before Kevin Warsh takes over. Inflation has surged since the Iran war began, limiting policymakers' room to act. Credit card rates remain near 20%, while mortgage rates hit 6.38% and auto loan payments reached a record $773 monthly.
Non-Resident Indians can now obtain credit cards from major Indian banks including ICICI, IDFC FIRST, Kotak and Axis Bank. These cards offer benefits such as reward points, lounge access, fuel transaction waivers and reduced foreign exchange markups. Required documents include passport, work permit, address proofs, PAN card and FATCA declaration. Fees vary by card with some offering zero joining fees.
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Billionaire Judith Neilson's former secretary is accused of going on a $1.6m shopping spree using her employer's credit cards and bank information.
This article outlines five popular credit cards in India designed for regular shoppers: Flipkart Axis Bank (5-7.5% cashback on Flipkart/Myntra), IDFC First SWYP (welcome offers worth Rs 5,000), SBI Simply Click (10x reward points on partners), Tata NEU Plus HDFC (2% NeuCoins cashback on Tata brands), and Amazon Pay ICICI (unlimited rewards on Amazon with no annual fee). Each card offers distinct benefits tailored to different spending habits, helping users maximize rewards and reduce purchase costs.
