Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: payment Clear Filter

SAVE Student Loan Borrowers, Interest Restarts on Friday. Should You Move to IBR Now?

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have until the end of the week before interest will begin accruing on your loans. The change doesn't mean you have to switch repayment plans yet, but it could be a good time to make a plan. Earlier this month, the Department of Education announced interest would resume for the nearly 8 million borrowers on the Saving on a Valuabl

What was the first ransomware attack to demand payment in Bitcoin?

Choose wisely! The correct answer, the explanation, and an intriguing story await. Correct Answer: CryptoLocker (2013) When Verizon bought AOL in 2015, how many people were still paying for dial-up Internet? In the world of cybersecurity, ransomware is a well-known menace, but its evolution into the era of cryptocurrencies marked a major turning point. The first ransomware attack to demand payment specifically in Bitcoin was CryptoLocker, which emerged in September 2013. CryptoLocker was a g

Visa and Mastercard are getting overwhelmed by gamer fury over censorship

In the wake of storefronts like Steam and itch.io curbing the sale of adult games, irate fans have started an organized campaign against the payment processors that they believe are responsible for the crackdown. While the movement is still in its early stages, people are mobilizing with an eye toward overwhelming communication lines at companies like Visa and Mastercard in a way that will make the concern impossible to ignore. On social media sites like Reddit and Bluesky, people are urging on

Itch.io is the latest marketplace to crack down on adult games

Indie video game marketplace Itch.io announced this week that it has “deindexed” adult and not-safe-for-work games, removing them from its browse and search pages. The move, the company said, was in response to a campaign by Collective Shout (an advocacy group that has previously criticized video games, rap music, and lingerie commercials) targeting both Itch.io and Steam for selling “No Mercy,” a game that depicts rape and incest. In an open letter addressed to executives at PayPal, Mastercar

SAVE Student Loan Borrowers, You Have Only a Few Days Left Before Interest Restarts. Should You Move to IBR?

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have about a week left to switch repayment plans before interest will begin accruing on your loans. But although interest payments will kick in, the change doesn't mean you have to switch repayment plans yet. Earlier this month, the Department of Education announced that on Aug. 1 interest would resume for the nearly 8 million bo

Against the censorship of adult content by payment processors

This is a furry blog, where I write about whatever interests me and sign it with my fursona’s name. I sometimes talk about furry fandom topics, but I sometimes also talk about applied cryptography. If you got a mild bit of emotional whiplash from that sentence, the best list of posts to start reading to get a feel for my usual fare is here. When one of my more technical blog posts makes it to Hacker News or Reddit, I will inevitably read some pearl-clutching comment declaring the inclusion of

Visa and Mastercard: The global payment duopoly (2024)

The global payments processing market is dominated by two major players: Visa and Mastercard. These two companies account for 90% of all payment processing outside of China and have a combined market value of approximately $850 billion. How is it possible that, in the era of global competition, such a large market niche is completely dominated by only two players? Let's explore this in-depth and examine the increasing challenges they face in protecting their market positions. Key Insights Domi

Once a relative haven for adult games, itch.io begins removing explicit titles

Indie game clearinghouse itch.io is the latest online gaming storefront to take action to remove or limit the availability of some adult content, bowing to pressure from payment processors spurred by an Australian grassroots group's campaign against certain sexualized content. Wednesday night, itch.io creators and users began noticing that many adult-oriented games and content were no longer appearing in search results on the platform. Other creators reported that their adult-focused titles had

Itch.io is removing NSFW games to comply with payment processors' rules

Itch.io has deindexed and hidden all adult games from its browse and search pages to make sure it doesn't lose the ability to sell with the payment processors it uses. The gaming marketplace, which mainly hosts titles from indie developers, has admitted in an announcement that it wasn't able to give creators advance notice. It "had to act urgently to protect the platform’s core payment infrastructure," it said, because the "situation developed rapidly." The website explained that it recently ca

Itch.io follows Steam in removing adult games

The indie-focused open gaming marketplace Itch.io has abruptly deindexed adult content from its browse and search pages, warning that some games will be permanently removed from the platform. In a blog post on Thursday, Itch.io creator Leaf Corcoran said that the update was due to concerns that the website’s payment processors had “about the nature of certain content” hosted on the platform, following similar scrutiny against Steam. “Our ability to process payments is critical for every creator

Itch.io: Update on NSFW Content

We have “deindexed” all adult NSFW content from our browse and search pages. We understand this action is sudden and disruptive, and we are truly sorry for the frustration and confusion caused by this change. Recently, we came under scrutiny from our payment processors regarding the nature of some content hosted on itch.io. Due to a game titled No Mercy, which was temporarily available on itch.io before being banned back in April, the organization Collective Shout launched a campaign against St

Yes, You Can Still Get Student Loan Forgiveness With IBR. What You Need to Know

Zooey Liao/CNET/Getty Images Student loan forgiveness options have dwindled considerably during President Donald Trump's second administration, but the Department of Education says forgiveness through Income-Based Repayment isn't going away. However, it is on pause. The Federal Student Aid website says IBR forgiveness is on hold while the Education Department retools its system to recalculate eligible payments. "IBR forgiveness will resume once those updates are completed," said an FAQ section

SAVE Student Loan Borrowers: You Don't Have to Move to IBR by Aug. 1, but You May Want to: Here's How to Decide

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have just over a week left to switch repayment plans before interest will begin accruing on your loans on Aug. 1. While you can't avoid interest, it also may not make sense for you to switch payment plans just yet. Earlier this month, the Department of Education announced that interest would resume for the nearly 8 million borrow

PayPal taps wallets from China and India to make cross-border payments easier for 2 billion people

PayPal announced Wednesday it has partnered with global wallet companies to create a platform called PayPal World that is designed to make cross-border commerce easier. The platform will allow users to pay others using their local wallets and payment systems. The company said the launch partners include India’s NPCI International Payments Limited, which operates mobile payments framework UPI (Unified Payment Interface), China’s Tenpay Global (Tencent’s Payment arm), which operates Weixin (WeCha

460,000 Student Loan Borrowers Seeking Lower Payments Will Be Denied. What to Do If You're One of Them

The Department of Education will deny nearly half a million student loan borrowers who applied for the lowest repayment plan based on their income. Getty Image/Zooey Liao/CNET Nearly half a million federal student loan borrowers who applied for lower monthly payments will be denied by the Department of Education. Based on internal documents obtained by Politico, the department is rejecting 460,000 student loan borrowers who selected the lowest payment option based on their income. For most app

SAVE Student Loan Borrowers Have Less Than 2 Weeks Before Interest Restarts. Here's What to Do

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you may feel pressured to switch to a new repayment before interest payments restart on Aug. 1. Although we know that you'll eventually have to move off this payment plan, you're not required to make any moves before August. In some cases, it might be better to remain in the general forbearance. Earlier this month, the Department of

SAVE Student Loan Borrowers Are Up Against an Aug. 1 Deadline. Here's What Experts Suggest

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, do you have to switch to a new repayment before interest payments restart in August? That's the question on millions of borrowers' minds, but the answer depends on your forgiveness options and financial situation. "It's crucial for borrowers to act based on their own personal situation," said Elaine Rubin, a student loan policy exper

Valve confirms credit card companies pressured it to delist certain adult games

It's Mastercard's world; we just live in it. That's my understanding based on a recent communiqué from Valve to PC Gamer, which confirmed that, yup, the company sure did recently remove a whole spate of adult games from its storefront because it made payment processors upset. "We were recently notified that certain games on Steam may violate the rules and standards set forth by our payment processors and their related card networks and banks," said Valve. "As a result, we are retiring those gam

Do Student Loan Borrowers in SAVE Need to Do Anything Before Aug. 1?

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET As the old adage goes, the only constant student loan borrowers enrolled in SAVE have experienced over the past two years is a perpetual state of change. Last week, the Department of Education announced that interest would resume for the nearly 8 million borrowers in the Saving on a Valuable Education plan on Aug. 1. That gives borrowers roughly two weeks to decide if they want to mov

Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading

Coinbase unveiled Wednesday an "everything app" designed to bring more people into the crypto economy. The "Base App," which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company's homegrown public blockchain network Base, which is built on Ethereum . So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app –

Steam now bans games that violate the 'rules and standards' of payment processors and banks

Steam has added a new rule to its guidelines that has resulted in certain games getting banned, according to a report by Automaton . The new clause states that "content that may violate the rules and standards set forth by Steam's payment processors and related card networks and banks, or internet network providers" is not allowed and could result in removal from the platform. In other words, if credit card companies get mad about something, they could actually have the power to ban a game. The

Student Loan Update: Here's What SAVE Borrowers Should Do Before Aug. 1

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET Starting on Aug. 1, borrowers who are enrolled in the Saving on a Valuable Education plan will begin accruing interest charges on their loan balances. The Department of Education is encouraging borrowers to pick a new payment plan, but you also have the option to leave your loans where they are. The Department of Education "urges all borrowers in the SAVE plan to quickly transition to

Interest Restarts for SAVE Student Loans on Aug. 1. Should You Switch to Another Payment Plan by Then?

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET Starting on Aug. 1, borrowers who are enrolled in the Saving on a Valuable Education plan will begin accruing interest charges on their loan balances. The Department of Education is encouraging borrowers to pick a new payment plan, but you also have the option to leave your loans where they are. The Department of Education "urges all borrowers in the SAVE plan to quickly transition to

Should Student Loans Borrowers in SAVE Switch to Another Repayment Plan? It's Complicated

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on August 1. Viva Tung / CNET Starting Aug. 1, borrowers enrolled in the Saving on a Valuable Education plan will start accruing interest charges on their loan balances. The trouble is, their payments remain on hold in a general forbearance. Now they're being encouraged to choose a new payment plan or face interest charges. The Department of Education "urges all borrowers in the SAVE plan to quickly transition

Student Loan Update: Here's What SAVE Borrowers Should Do by August 1

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on August 1. Viva Tung / CNET Federal student loans for those who are enrolled in the Saving on a Valuable Education plan have been in an interest-free forbearance for a year while the income-driven repayment plan was challenged in court. Although SAVE has been officially blocked in the courts, borrowers' loans are still in limbo. Now, borrowers are being encouraged to choose a new payment plan or face interest

SAVE Borrowers, Your Student Loans Will Start Accruing Interest Again on Aug. 1: What to Know

Getty Images/Zooey Liao/CNET It looks like time has run out for the nearly 8 million student loan borrowers enrolled in SAVE. The US Department of Education announced that loans will resume accruing interest on Aug. 1. Borrowers enrolled in the Saving on a Valuable Education Plan, a product of the Biden administration, have been in limbo since June 2024, when Republican opponents challenged the plan and later struck down by a federal court. Since then, borrowers have had their loans placed in

Student Loan Repayment Plans Will Last as Long as Most Mortgages. How Much the New Budget Bill Will Cost You

The Republican-led policy bill cuts repayment plans to two options for future borrowers. Getty Images/Zooey Liao/CNET The Republican-led "One Big Beautiful Bill" was signed into law by President Donald Trump last week, which will result in major changes to student loans, including fewer repayment options, caps on borrowing and new rules for Pell Grants. The nearly 900-page bill means a lot of changes for taxes and Medicare, but its impact on higher education could alter how colleges operate an

ApplePay vs. Alternative Payment Services

2025-07: "ApplePay vs. Alternative Payment Services" by Marc Stibane Thought experiment Imagine an airport which issues a frequent traveller card which millions of passengers have signed up for. This Airport demands from the shops in the airport mall to either only offer their traveller card for payments, or any other payment method, but not both. So if merchants offer alternative payment methods to customers, they may not offer the airport traveller card. This would be ridiculous, right? We

GOP Budget Bill Reduces Student Loan Repayment Options and Limits Borrowing. What You Need to Know

Republican lawmakers have proposed major changes to student loans, which would affect current and future borrowers. Liudmila Chernetska/Getty Images/CNET Congress is one step closer to passing federal student loan changes in the Republican-led "One Big Beautiful Bill." The Senate narrowly passed its version of the budget bill earlier this week, and it is now back in the House. If the House does decide to pass the bill as is -- and there could be more amendments, so nothing is final -- borrower

Play Fortnite? You can claim part of Epic's $245 million settlement payout - for one more week

Jakub Porzycki/NurPhoto via Getty Images More than 500,000 Fortnite players are in line to receive a cash payment from Epic Games after the Federal Trade Commission ruled that the game maker tricked customers into making unwanted purchases. Some people have already received payments, but there's still an opportunity for new claims. Also: Apple's $95 million Siri settlement claims are ending soon - how to secure your payout The $245 million settlement, first announced two years ago, accused th