September, 2024

CFPB Fines Navient $120 Million for Student Lending ‘Abuse’
Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was sued in 2017 by the Consumer Financial Protection B...

Sequoia Bets on AI Apps, Nvidia Chips in High Demand, Oracle Cloud Grows
Sequoia Capital, Nvidia and Oracle are all in on artificial intelligence this week. From VC investments in AI applications to skyrocketing demand for AI chips and cloud services, industry leaders are ...

Bump in Jobless Claims Underscores Consumer Caution Around Spending
Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about spending. The U.S. Department of Labor s...

Mastercard Acquires Recorded Future to Bolster Cyber Protections
Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future. The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today...

Aligning Payments and Data Operations With Compliance and Cyber Risks
As businesses move online and data becomes a critical asset, organizations must navigate a minefield of potential threats. And with the news Thursday (Sept. 12) that Lehigh Valley Health Network (LVHN...

Holiday eCommerce Sales Projected to Rise Amid Shopping Slowdown
A new report suggests Americans will slow their holiday spending this year compared to 2023. The annual holiday retail forecast from consulting firm Deloitte, released Thursday (Sept. 12), projects...

WhatsApp Business Launches Meta Verified and Customized Messages in India
Meta added new features and programs to the WhatsApp Business app in India to help the country’s businesses use WhatsApp to communicate with their customers. The tech giant shared the news about the...

AI’s Language Leaps May Speak to Business Frontier’s Shift
New research is shedding light on how artificial intelligence language models handle multiple languages, a capability with potential implications for global commerce. African tech firms have also laun...

Velera Begins Providing Card Processing to Florida-Based BrightStar Credit Union
Credit union service organization (CUSO) Velera has begun providing card processing solutions to BrightStar Credit Union, which services about 60,000 members in South Florida. The CUSO started providi...

Gemini’s Tyler Winklevoss Slams Senator Warren’s Campaign, Endorses John Deaton
Tyler Winklevoss called out Massachusetts Senator Elizabeth Warren’s campaign for “dishonesty,” citing unlawful war against the crypto industry. With this, the Gemini co-founder supported pro-XR...

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B&T Television

September, 2024

September