September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to a soft landing. If that sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns that are straining...
Innovation in business-to-business (B2B) payments used to be measured in decades, not years. But now, it can be measured in months — even weeks — as B2B payments undergoes profound transformations. “The three main driving forces are a change in demands and expectations on both the buyer side as well as...
September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring from earlier this year, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it...
FOMO Pay, a Singapore-based major payment institution, has announced a partnership with Visa. Through this collaboration, FOMO Pay will integrate Visa’s QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards. ...
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.
Swift wants to let banks test tokenized transactions on its global messaging network. Beginning next year, financial institutions (FIs) will be able to carry out pilot transactions for settling digital assets and currencies, Swift announced Thursday (Oct....
According to an Oct. 2 announcement, the United States Securities and Exchange Commission’s (SEC) chief enforcer, Gurbir Grewal, will step down on Oct. 11 after a stint distinguished by his aggressive policing of the cryptocurrency industry. The SEC has not chosen Grewal’s permanent replacement but Sanjay Wadhwa, deputy director of...
Oct 2 (Reuters) - OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and...
All eyes are on the negotiations between dockworkers on the East Coast and port operators as consumers and business owners worry about their bottom line. “It’s definitely going to cause chaos the longer it goes on,” says Professor of Supply Chain Management Steven Carnovale of Florida Atlantic University. Outside Port Miami...
Tens of thousands of Bank of America customers have reported a network outage preventing them from accessing their bank accounts or seeing a $0 balance. Reports of service issues started to come in at about 4:26 pm UTC on Oct. 2 and peaked about one hour later with nearly 18,000...
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