December, 2024

December, 2024

Business Infrastructure Under Siege as Cybercriminals Target Data Transfer Points
The cornerstones of modern businesses are under attack. With the news Monday (Dec. 9) that cybercriminals, alleged to be from the ransomware group Termite, are exploiting a security flaw that affects...

Macy’s Bold New Chapter Strategy Shows Promise as Retailer Focuses on Omnichannel Shoppers
Will Macy’s Bold New Chapter strategy be enough to save the iconic company and return it to profitable growth? Macy’s is facing a challenging period marked by declining sales, changing consumer ha...

Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
Google reportedly asked the Federal Trade Commission (FTC) to end Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers. The company did so after the agency asked it abo...

Visa Teams With WhiteBIT to Offer Crypto-Focused Debit Card
European cryptocurrency exchange WhiteBIT launched a debit card partnership with Visa. The collaboration centers around WhiteBIT Nova, which WhiteBIT described in a Wednesday (Dec. 11) press release a...

Santander Appoints PayPal Veteran Nitin Prabhu to Head Digital Consumer Bank
Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five global businesses, Prabhu will be respo...

Wells Fargo CEO More Confident in Bank’s Compliance Controls
Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. Charlie Scharf’s comments, as reported Wednesday (Dec. 11) by Reuters, follow the banking ...

Klarna Opens Pay-Later Offerings to Canadian Apple Pay Users
Klarna says its pay later options are now available to Apple Pay users in Canada. The Swedish payments company announced the new integration Wednesday (Dec. 11), saying it was available online and in ...

Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learni...

The CFPB Should Be Investigating Banks that Debanked Individuals and Firms
Today, the Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra outlined his accomplishments while at the agency in his opening statement, ...

CashPro App from BofA to Surpass $1 Trillion in Payment Approvals for the Year
By the end of 2024, Bank of America (NYSE: BAC) corporate clients will have made over $1 Trillion in payment approvals on the bank’s CashPro App, the mobile app that firms use to manage treasury ope...

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