Breaking News
Boots Advantage Card accounts hacked
Recent news broke that Boots has suspended payments using loyalty points in shops and online after attempts to break into 150,000 customers’ accounts using stolen passwords.
Boots said none of its own systems were compromised, but attackers had tried to access accounts using reused passwords from other sites. Customers will not be able to use Boots Advantage Card points to pay for products while the issue is dealt with. This comes just days after a similar issue hit 600,000 Tesco Clubcard holders.
This incident, the result of “credential-stuffing” using PII from previous data breaches, re-emphasises the vulnerability of loyalty accounts and the attractiveness to fraudsters.
Michael Reitblat, CEO and Co-Founder of Forter, the leader in e-commerce fraud prevention, comments below:
“Recent high profile breaches demonstrate the growing underground market for loyalty program account data. It is becoming increasingly apparent that loyalty program accounts are low hanging fruit for fraudsters, with loyalty program fraud rising 89% year on year.
Reward points are a currency as valuable and untraceable as cash. Fraudsters can sell the loyalty account’s PII, or directly access accounts to redeem valuable reward points and coupons for themselves.
Suspending loyalty accounts causes massive inconvenience to consumers who miss out on their benefits, however temporary. Fraudulent activity in these accounts can negatively impact the customer experience, causing serious damage to brand reputation, and significant monetary losses to merchants.”
- Bitget Launches QR-Based Payments for Daily Needs, Targets 2.2 billion Users Globally Read more
- Belize Bank Expands e-commerce Acceptance in the Cloud with BPC, Marking a Decade of Payments Modernization Read more
- Alkami and Cornerstone Advisors Release the 2026 Digital Banking Performance Metrics Report for Retail and Business Banking Read more
- UK Fintech Payments Company Icon Solutions Honoured With King’s Award For Enterprise Read more
- Fintech Marketing Community 2026: The New FinTech Marketing Playbook – Trust, Authenticity, and Customer-Centric Growth Read more
Bitget Launches QR-Based Payments for Daily Needs, Targets 2.2 billion Users Globally
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Belize Bank Expands e-commerce Acceptance in the Cloud with BPC, Marking a Decade of Payments Modernization
The Belize Bank Limited is redefining the country's digital economy with the launch of cloud-based e-commerce acquiring. By expanding its SmartVista-powered capabilities to include secure online transactions, the country’s most enduring full-service bank is removing barriers for Belizean merchants. This milestone marks ten years of payments innovation alongside BPC, reinforcing The Belize Bank’s commitment to driving a modern, secure, and accessible financial future.
Alkami and Cornerstone Advisors Release the 2026 Digital Banking Performance Metrics Report for Retail and Business Banking
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced the release of its new research, the 2026 Digital Banking Performance Metrics Report, commissioned by Alkami and conducted by Cornerstone Advisors. Now in its seventh year, the report expands beyond retail banking for the first time to include new benchmarks for business digital banking, while continuing to deliver insights into digital banking adoption, user engagement, and performance trends.
UK Fintech Payments Company Icon Solutions Honoured With King’s Award For Enterprise
Icon Solutions, the UK fintech enabling banks to design and implement state-of-the-art payment systems, has been awarded a prestigious King’s Award for Enterprise in the Innovation category.
FIS Selected to Streamline Reconciliations for Australia’s Largest Bank
FIS has been selected by the Commonwealth Bank of Australia to streamline reconciliations through FIS Data Integrity Manager
Keel Emerges From Stealth as Profitable BaaS Platform
Keel, the Manchester-based BaaS platform, is emerging from stealth after reaching profitability and building traction with a growing roster of fintech clients
£100billion Opportunity for British Consumers: How Digital Banking Can Transform the Financial Lives of UK Households
Digital tools that enable financial empowerment by supporting consumers to take control of their financial lives could unlock £100billion for households over the next decade, according to new research commissioned and published by Lloyds Banking Group
Bitget Launches QR-Based Payments for Daily Needs, Targets 2.2 billion Users Globally
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Belize Bank Expands e-commerce Acceptance in the Cloud with BPC, Marking a Decade of Payments Modernization
The Belize Bank Limited is redefining the country's digital economy with the launch of cloud-based e-commerce acquiring. By expanding its SmartVista-powered capabilities to include secure online transactions, the country’s most enduring full-service bank is removing barriers for Belizean merchants. This milestone marks ten years of payments innovation alongside BPC, reinforcing The Belize Bank’s commitment to driving a modern, secure, and accessible financial future.
Alkami and Cornerstone Advisors Release the 2026 Digital Banking Performance Metrics Report for Retail and Business Banking
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced the release of its new research, the 2026 Digital Banking Performance Metrics Report, commissioned by Alkami and conducted by Cornerstone Advisors. Now in its seventh year, the report expands beyond retail banking for the first time to include new benchmarks for business digital banking, while continuing to deliver insights into digital banking adoption, user engagement, and performance trends.
UK Fintech Payments Company Icon Solutions Honoured With King’s Award For Enterprise
Icon Solutions, the UK fintech enabling banks to design and implement state-of-the-art payment systems, has been awarded a prestigious King’s Award for Enterprise in the Innovation category.
Fintech Marketing Community 2026: The New FinTech Marketing Playbook – Trust, Authenticity, and Customer-Centric Growth
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Convergence of Competitive Rates and Digital Experience in Savings
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MoneyPilot You Didn’t Know You Had: How MoneyPilot Is Turning Missed Settlements into Real Payouts
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]