November, 2024

November, 2024

Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border Payments
The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department of the Treasury Assistant Secretary for I...

Main Street Lending Program Borrowers Challenged by High Interest Rates
The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. The program delivered $17.5 billion in loans,...

Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate
With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers themselves. Gone are th...

Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call...

Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B Too?
This week, PYMNTS Intelligence noted the appeal of paying over time — especially now, headed into the holiday shopping season, which starts, well, now. Our data show that 43% of consumers say pay la...

Gap’s ‘Brand Reinvigoration’ Focus Turns to In-Store and Online Experiences
Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov...

Crypto.com Announces Expansion of Traditional Finance Services with Acquisition of Charterprime
Crypto.com announced the acquisition of Charterprime Ltd., a global financial exchange and brokerage service that holds an Investment Dealer Licence and Global Business Licence issued by the Financial...

Web3 Workforce Insights: High Confidence Expressed By Blockchain Professionals in Direction of Web3 and Trust in Values Underpinning Ecosystem
Consensys, the blockchain and web3 software technology company, shares the findings of its “Web3 Workforce Survey,” one of the most comprehensive workforce surveys in the web3 space, conducted thr...

MFSA to Improve Financial Literacy in Malta via Participation in EU Initiative
The Malta Financial Services Authority (MFSA) is participating in an EU Technical Support Instrument (TSI) project which will support Malta in the area of financial literacy, with the purpose of impro...

BitGo Singapore Launches to Offer Digital Asset Services to APAC Region
BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc., announced its official launch to provide regulated digital asset custody, trading, settlement, and token management services to the APAC region....

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