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Bank Vice President Drains $800,000 From Lender Using Customers’ Private Information: DOJ
A US bank vice president has admitted to using sensitive customer information to steal hundreds of thousands of dollars from his employer. The US Attorney’s Office in the Western District of Oklahom...
Bitcoin mining profit plummets to $500 per BTC as costs surge past $70k as Wall St funds miners’ AI escape hatch
Wall Street is pouring billions into public Bitcoin mining companies, but the investment thesis has little to do with the emerging industry's future. Instead, the financial institutions are treating t...
FedNow Pushes FEMA Disaster Aid From Days to Seconds
In the wake of natural disasters, the speed of financial recovery is often as critical as the initial emergency response. Historically, victims of hurricanes, wildfires, and floods have had to wait da...
Growing Fraud Risks Complicate Banks’ Push Toward Instant Payments
A growing body of evidence suggests that businesses may be looking in the wrong place for payment fraud risk. That was the central finding of PYMNTS Intelligence’s January Money Mobility ...
Amazon, Walmart Shift Retail Competition From Price to Technology
Retail used to compete primarily on assortment, price and convenience. Increasingly, it competes on infrastructure and positioning. In a consumer environment defined by uncertainty driven b...
Small Businesses Use Business Credit Cards for Cash Flow, Not Rewards
Cash retains a stubborn presence in small- and mid-sized businesses, but business credit cards are beginning to erode that dominance by addressing the operational pressures that keep firms tied to cur...
JPMorgan Chase Says One Asset Could ‘Quickly’ Surge Amid Middle East Conflict – And It’s Not Oil or Gold
The investment banking arm of JPMorgan Chase is predicting a significant rally for one commodity amid the ongoing Middle East conflict. According to J.P.Morgan’s co-head of economic research, Joseph...
Oslo’s Unleash raises $35M to govern AI-generated code as European enterprise bets grow bolder
The Norwegian startup claims its open-source feature management platform can give developers a safety net, just as AI-written code outpaces the humans reviewing it.  For a city better known for sover...
Costco Digital Innovations Fuel 22.6% Online Growth
Costco is seeing measurable benefits from its latest digital initiatives both in-store and online, Costco President, CEO and Director Ron Vachris said Thursday (March 5). “In digital, we ...
Pattern Group Revenue Rises 40% as AI Product Discovery Reshapes eCommerce
Pattern Group’s fourth quarter results, posted after the market closed on Thursday (March 5), reflect broader shifts underway in digital retail as brands expand across more marketplaces and artifici...
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