YCLOAK

new york — Your wallet may soon be getting thinner.

Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.

The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant.

They will be some of the biggest changes to how payments operate in the U.S. since the U.S. rolled out chip-embedded cards several years ago. They also come as Americans have many more options to pay for purchases beyond “credit or debit,” including buy now, pay later companies, peer-to-peer payment options, paying directly with a bank, or digital payment systems such as Apple Pay.

“I think (with these features) we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments.

The biggest change coming for Americans will be the ability for banks to issue one physical payment card that will be connected to multiple bank accounts. That means no more carrying, for example, a Bank of America or Chase debit card as well as their respective credit cards in a physical wallet. Americans will be able to set criteria with their bank — such as having all purchases below $100 or with a certain merchant applied to the debit card, while other purchases go on the credit card.

The feature, already being used in Asia, will be available this summer. Buy now, pay later company Affirm is the first of Visa’s customers to roll out the feature in the U.S.

Fraud prompts changes

Some of Visa’s new features are in response to online-payments fraud, which continues to increase as more countries adopt digital payments. The company based in San Francisco, California, estimates that payment fraud happens roughly seven times more often online than it does in person, and there are now billions of stolen credit and debit card numbers available to criminals.

Other new elements are also in response to features that non-payments companies have rolled out in recent years. The Apple Card, which uses Mastercard as its payment network, does not come with a printed 16-digit account number and Apple Card users can request a fresh credit card number at any time without having to dispose of the physical card.

Visa executives see a future where banks will issue cards where the 16-digit account number, if the new cards come with them, is largely symbolic.

Soon, fingerprints can approve transactions

Among the other updates unveiled by Visa are changes to tap-to-pay features. Americans will be able to tap their credit or debit cards to their smartphones to add the card to mobile wallets, instead of using a smartphone’s camera to scan in a card’s information, or tap the card to their smartphones to approve a transaction online. Visa will also start implementing biometrics to approve transactions, similar to how Apple devices use a fingerprint or face scan to approve transactions.

The features will take time to filter down to the banks, which will decide when or what to implement for their customers. But because the banks and credit card companies are Visa’s customers, and issue cards with the Visa label, these are features that the financial institutions have been asking for.
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Washington — Aleksander Dugin, a Russian nationalist ideologue and strong supporter of President Vladimir Putin, has been bombarded with attacks on Chinese social media, where netizens criticized and mocked his Russian expansionist views that had once included the dismembering of China.

Two years after Putin launched an invasion of Ukraine, pro-Russia sentiment has been prevalent on Chinese internet.

But the backlash against Dugin has revealed a less mentioned side of what has so far appeared to be a cozy alliance between Beijing and Moscow — hostility between Chinese nationalists and their Russian counterparts, the result of centuries of territorial disputes and political confrontations that Beijing has been reticent about displaying publicly in recent decades.

On May 6, Dugin opened an account on two of the most popular Chinese social media apps Weibo, China’s X, formerly known as Twitter, and Bilibili, a YouTube-like video site.

In the first video posted on both Weibo and Bilibili, Dugin greeted the Chinese audience and praised Beijing’s economic and political achievements in recent decades.

In the same video, he also criticized an article published in April in The Economist by Feng Yujun, director of Russian and Central Asian studies at Fudan University in Shanghai. Feng said in the article that Russia will inevitably lose the Ukraine war.

Dugin countered that Feng and some Chinese people underestimated Russia’s “tenacity and perseverance.”

The video was quickly condemned by Chinese citizens, who posted comments such as “Russia must lose,” which received thousands of likes.

“This is an extremist who is extremely unfriendly to China and has made plans to dismember China,” another message posted by a Weibo user named “Zhixingbenyiti” said.

Dugin, 62, was born in Moscow. In the 1980s, he became an anti-communist dissident.

After the collapse of the Soviet Union, he began to promote Russian expansionism. He believes that Moscow’s territorial expansion in Eurasia will allow it to counter Western forces led by the United States.

In his 1997 book, Foundations of Geopolitics, Dugin wrote that dismembering China was a necessary step for Russia to become strong. People within Putin’s inner circle have reportedly shown interest in Dugin’s writing, which gave rise to his nickname “Putin’s brain.”

However, Dugin’s attitude toward China has changed significantly in recent years. In 2018, he visited China for the first time. In a speech at Fudan University, he praised China’s economy, culture and leadership in the fight against colonialism.

He also changed his previous support for containing China and said in a speech that China and Russia could work together to “form a very important and non-negligible containment/pull effect” on Western powers.

Dugin is now a senior fellow at Fudan University’s China Institute and one of the columnists for China’s nationalist news organization, Guancha.

Before Russia invaded Ukraine in February 2022, Dugin said in a column that the alliance between China and Russia would “mean the irreversible end of Western hegemony.”

Philipp Ivanov, a senior fellow at the Asia Society Policy Institute, told VOA that “Dugin is an opportunist. As the Ukraine war dramatically accelerated the alignment between China and Russia, his position started to change, resulting in his current attempt to engage with China’s intellectual and broader community.”

Ivanov also thinks Dugin’s influence on the Kremlin has been exaggerated.

Since joining Chinese social media, Dugin has gained more than 100,000 followers on Weibo and 25,000 followers on BiliBili. He has published fewer than five posts on Weibo, but nearly every one of them has more than 1,000 comments, most of which criticized him.

Under a post in which Dugin supported Putin on his fifth presidential term, people responded with comments such as “Russia is about to lose the war” and “The gates of hell are waiting for you.”

Wang Xiaodong, China’s most influential nationalist scholar, shared a Weibo post he made two years ago criticizing Dugin and Chinese pro-Russian groups.

“Introducing Dugin’s ideas is not because I worry that the Kremlin will implement his ideas; He has the intention but not the strength! I just want to tell the Chinese people how some Russians, including elites in the powerful departments, view China. Do we Chinese need to risk our lives for them?” the post read.

Ivanov was not surprised by the attacks on Dugin on the Chinese internet.

“While Chinese netizens may support Putin’s anti-Western/anti-US agenda, they are skeptical or outright negative about Russia’s assault on an independent country’s sovereignty and Russian expansionism, nationalism and chauvinism (which Dugin represents),” he told VOA in an email.

He said the history of China-Russia relations is predominantly about confrontation, competition and mistrust.

Among the attacks on Dugin, many netizens also brought up former Chinese territories that Russia occupied in the past 200 years.

“For the sake of ever-lasting friendship between China and Russia, please return Sakhalin and Vladivostok,” one Weibo comment posted by “lovejxcecil” read.

Although China has not been involved in the war, the Russia-Ukraine war has been a hot topic on the Chinese internet.

According to Eric Liu, a former Weibo censor, Dugin’s joining the platform undoubtedly brought more traffic to Weibo. However, it also means that Weibo needs to invest more resources in censorship to prevent him from making remarks that Beijing considers sensitive.

“He is a foreigner. He has no idea about China’s ‘political correctness’ or where the boundaries are,” Liu said. “This risk will have to be taken care of by Weibo, which brought him in.”

On Thursday, Dugin posted on Weibo that China and Russia could achieve “anything” together. His comment section has been turned off. 
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WASHINGTON — U.S. prosecutors on Thursday announced the arrests of an American woman and a Ukrainian man they say helped North Korea-linked IT workers posing as Americans to obtain remote-work jobs at hundreds of U.S. companies.

The U.S. Department of Justice (DoJ) said the elaborate scheme, aimed at generating revenue for North Korea in contravention of international sanctions, involved the infiltration of more than 300 U.S. firms, including Fortune 500 companies and banks, and the theft of the identities of more than 60 Americans.

A DoJ statement said the overseas IT workers also attempted to gain employment and access to information at two U.S. government agencies, although these efforts were “generally unsuccessful.”

An earlier State Department statement said the scheme had generated at least $6.8 million for North Korea. It said the North Koreans involved were linked to North Korea’s Munitions Industry Department, which oversees development of the country’s ballistic missiles, weapons production, and research and development programs.

An indictment filed in federal court in Washington last week and unsealed on Thursday said charges had been filed against Christina Marie Chapman, 49, of Litchfield Park, Arizona; Ukrainian Oleksandr Didenko, 27, of Kyiv; and three other foreign nationals.

A Justice Department statement said Chapman was arrested on Wednesday, while Didenko was arrested on May 7 by Polish authorities at the request of the United States, which is seeking his extradition.

The State Department announced a reward of up to $5 million for information related to Chapman’s alleged co-conspirators, who used the aliases Jiho Han, Haoran Xu and Chunji Jin, and another unindicted individual using the aliases Zhonghua and Venechor S.

Court records did not list lawyers for those arrested and it was not immediately clear whether they had legal representation.

The head of the Justice Department’s Criminal Division, Nicole Argentieri, said the alleged crimes “benefited the North Korean government, giving it a revenue stream and, in some instances, proprietary information stolen by the co-conspirators.”

The charges “should be a wakeup call for American companies and government agencies that employ remote IT workers,” she said in the statement.

It said the scheme “defrauded U.S. companies across myriad industries, including multiple well-known Fortune 500 companies, U.S. banks, and other financial service providers.”

The DoJ said Didenko was accused of creating fake accounts at U.S. IT job search platforms, selling them to overseas IT workers, some of whom he believed were North Korean. It said overseas IT workers using Didenko’s services were also working with Chapman.

Didenko’s online domain, upworksell.com, was seized Thursday by the Justice Department, the statement said.

The DOJ statement said the FBI executed search warrants for U.S.-based “laptop farms” – residences that hosted multiple laptops for overseas IT workers.

It said that through these farms, including one Chapman hosted from her home, U.S.-based facilitators logged onto U.S. company computer networks and allowed the overseas IT workers to remotely access the laptops, using U.S. IP addresses to make it appear they were in the United States.

The statement said search warrants for four U.S. residences associated with laptop farms controlled by Didenko were issued in the Southern District of California, the Eastern District of Tennessee, and Eastern District of Virginia, and executed between May 8 and May 10.

North Korea is under U.N. sanctions aimed at cutting funding for its missile and nuclear weapons programs and experts say it has sought to generate income illicitly, including through IT workers.

Confidential research by a now-disbanded U.N. sanctions monitoring panel seen by Reuters on Tuesday showed they had been investigating 97 suspected North Korean cyberattacks on cryptocurrency companies between 2017 and 2024, valued at some $3.6 billion.

The U.N. sanctions monitors were disbanded at the end of April after Russia vetoed renewal of their mandate.

A research report from a Washington think tank in April said North Korean animators may have helped create popular television cartoons for big Western firms despite international sanctions. 
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Protesters disrupted Google’s annual conference this week over the tech giant’s deal providing artificial intelligence and other services to the Israeli government. Matt Dibble reports from Mountain View, California. Camera: Matt Dibble.
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TAIPAI, TAIWAN — Taiwanese chipmaker TSMC said Thursday there was no damage to its facilities after an incident at its Arizona factory construction site where

a waste disposal truck driver was transported to a hospital.

Firefighters responded to a reported explosion Wednesday afternoon at the Taiwan Semiconductor Manufacturing Company plant in Phoenix, the Arizona Republic reported, citing the local fire department.

TSMC, the world’s largest contract chipmaker whose clients include Apple and Nvidia, said in a statement none of its employees or onsite construction workers had reported any related injuries.

“This is an active investigation with no additional details that can be shared at this time,” it added.

TSMC’s Taipei-listed shares pared earlier gains after the news and were last up around 0.8% on Thursday morning. TSMC last month agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona plant by 2030.

The company will produce the world’s most advanced 2 nanometer technology at its second Arizona facility expected to begin production in 2028.
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