Hacker News with Generative AI: Financial Technology

Tolerating full cloud outages with Monzo Stand-in (monzo.com)
Our customers reasonably expect to be able to spend on their card, make bank transfers and pay their bills 24 hours a day, 365 days a year. Their lives don’t have downtime for maintenance so nor should we. We dedicate a lot of our engineering effort to minimise the risk of downtime during technical migrations and other day-to-day operations, but unforeseen incidents that cause unexpected outages are impossible to eliminate entirely.
Mastercard plans to get rid of credit card numbers (abc.net.au)
Mastercard has announced plans to remove the 16-digit number from their credit and debit cards by 2030 in a move designed to stamp out identity theft and fraudulent use of cards.
Strengthening American Leadership in Digital Financial Technology (whitehouse.gov)
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States leadership in digital assets and financial technology while protecting economic liberty, it is hereby ordered as follows:
Class action lawsuit against PayPal's Honey App (courtlistener.com)
Banks and regulators warn of rise in 'quishing' QR code scams (ft.com)
Banks and regulators warn of rise in ‘quishing’ QR code scams
Visa Introduces the Visa Tokenized Asset Platform (visa.com)
Visa (NYSE: V), a global leader in digital payments, is helping to bridge existing fiat currencies with blockchains through the Visa Tokenized Asset Platform (VTAP), a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks.
Visa to launch pay-by-bank payments, an alternative to credit cards (cnbc.com)
Telegram: A crypto firm with a sideline in messaging (ft.com)
Google Chrome will let you send money to your favourite website (bleepingcomputer.com)
How to design fx rate subscription system (ycombinator.com)
Revolut's Irish mortgages are a game changer, and the banks know it (irishtimes.com)
Thousands ofAmericans got caught in fintech and lost access to bank accounts (cnbc.com)
How hard it is to rival Visa/MC duopoly? (ycombinator.com)
Google Cloud error erases $135B pension fund (axios.com)
Marcus.com locked me out of my account and retains control of my life savings (ycombinator.com)
Visa changes mean Americans will carry fewer physical payment cards in wallets (apnews.com)
Sonic: Talos's low-latency Go asynchronous networking library for trading (talos.com)