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Musk's public Grok shopping demo exposes card details, spawns prank order claims

Elon Musk posted screenshots urging followers to let his Grok AI agent handle purchases using their credit cards, including one showing Grok ordering Lego sets with his own unredacted order number, email and partial card number visible. A user named Enderman then claimed to have used that exposed information to cancel Musk's order via Lego's customer service bot, and others claimed to have reinstated it with hundreds of duplicate orders and an altered shipping address. Musk disputed that his order had actually been canceled; Lego declined to comment to Wired.

Report: US merchants paid record $198.25 billion in card processing fees in 2025

A Nilson Report analysis cited by the Merchants Payments Coalition shows US merchants paid $198.25 billion in credit and debit card processing fees in 2025, up from $62.1 billion in 2009. A former payments executive argues that card network interchange rates have barely risen over that period, meaning processor markups and add-on fees account for most of the increase. The piece lists five questions merchants should ask processors in writing before signing a contract.

Trump backs credit-card competition bill opposed by banks

President Trump has voiced support for legislation that would force major credit-card networks to open up to more competition, a measure the banking industry has long resisted. Separately, Vice President Vance said the U.S. will suspend Microsoft and other companies from a green-card sponsorship program, and reports flagged a rising number of safety incidents involving rogue pilots.

Venmo launches 'split-to-earn' cash back for bill-splitting on credit cards

Venmo introduced a feature called split-to-earn that gives credit cardholders additional cash back when they use the app to divide eligible purchases with friends. The reward applies on top of existing cash-back terms for qualifying transactions.

Chase and IHG launch new $350-a-year premium hotel credit card

Chase and IHG Hotels & Resorts are overhauling their co-branded credit card lineup, introducing a new premium card with a $350 annual fee that includes more than $500 in travel perks. Existing IHG cards will also see higher fees, revised earning categories, and updated loyalty benefits.

Fake replacement credit cards mailed to victims in Europe fuel bank fraud

Criminals in Portugal, France and Germany have been mailing counterfeit credit cards and letters warning recipients that their card is expiring, urging them to scan a QR code to "activate" a replacement. The code leads to a fraudulent banking site that harvests login credentials, giving attackers access to victims' real accounts. Some fake cards even bear the recipient's actual name to increase credibility, according to digital banking advisor Georg Hauer.

CardPointers 8 adds Siri AI and automatic credit card offer syncing

CardPointers has released version 8, adding Siri AI integration with 36 new App Intents, Visual Intelligence for identifying which card to use at checkout, and automatic nightly syncing of offers across Amex, Chase, Citi, Bank of America, US Bank, and Wells Fargo accounts. The update also introduces eight extra-large widgets, a savings-tracking dashboard, AI-generated custom offers, and a new Mac menu bar app.

Dad loses job after son's $118,000 YouTube ad spend on company card

A 9-year-old known online as MightyMikePLays67 racked up $118,000 in YouTube ad charges on his father's company credit card while promoting his Minecraft channel. His father Dave lost his job as a result and must repay the bill within 30 days, prompting the family to consider selling their home.

Nine-year-old racks up $118,000 in YouTube ad spend on father's corporate card

A nine-year-old running the Mighty Mike Plays YouTube channel used his father's saved corporate credit card details to fund a series of self-directed ad campaigns promoting his Roblox and Minecraft content, ultimately charging $118,000 without his father's knowledge. His father, Dave, only discovered the spending after being summoned to a meeting with his company's finance team to explain the missing funds.

Fed Lifts Benchmark Rate to 3.75-4% in First Hike Since 2023

The Federal Open Market Committee voted unanimously to raise interest rates by a quarter point, marking the Fed's first increase since July 2023 and pushing its benchmark rate to a range of 3.75 to 4 percent. Chair Kevin Warsh cited persistently high inflation as the reason for the move. The change will ripple differently across consumer debt, from mortgages to car loans to credit cards.

Dynamic Currency Conversion Now Defaults to Local-Currency-Billing Charges at European Terminals

A traveler returning from a trip through France, Spain and Portugal reports that Dynamic Currency Conversion, the practice of letting merchants bill purchases in a tourist's home currency instead of the local one, has become harder to avoid. Many payment terminals now default to charging in dollars automatically, often without a clear prompt asking the customer to choose, making it easy to unknowingly accept a worse exchange rate.

Nebty uncovers DoppelCart, a 119,000-site fake shop network stealing card data

German cybersecurity firm Nebty identified DoppelCart, a fraud operation running over 119,000 fake e-commerce domains, mostly on the .SHOP TLD, with more than 105,000 sites still active. The shops clone 44,182 real brands using copied catalogs and branding, luring shoppers with steep discounts, then harvest card numbers, security codes, and personal details via checkout forms that stream data to attackers in real time.