Western Union Reports Growth in Digital Transactions
Western Union's digital transactions rose 15% in the third quarter. Digital business accounts for a significant share of consumer transfers.…
Evolve Plans to Return Synapse Brokerage User Funds in November
Evolve Bank plans to return Synapse user funds in November. Users will receive emails with balance and access information. Funds…
Apple Reduces Vision Pro Headset Production
Apple is reducing Vision Pro headset production amid declining demand. The Vision Pro faces competition due to its high pricing…
Regulatory Actions Target Banking-as-a-Service Practices
Banking-as-a-Service is under increased regulatory scrutiny. Axiom Bank faces enforcement for outdated anti-money laundering practices. Five Star Bank plans to…
New York Attorney General Investigates Capital One’s Acquisition of Discover Financial Services
The New York Attorney General is investigating Capital One's Discover acquisition. The deal could control 30% of New York's subprime…
Anthropic Develops AI Agents to Control Computers
Anthropic introduces AI agents to automate routine computer tasks. These agents can navigate web and control computers like humans. Businesses…
Sola Rebrands and Appoints Michael Reed as CEO
Sola rebrands from Fidelity Payment Services and integrates Cardknox. Michael Reed is appointed as the new CEO of Sola. Rebranding…
CFPB Imposes Fines on Apple and Goldman Sachs Over Apple Card Issues
The CFPB fined Apple and Goldman Sachs over Apple Card issues. Goldman Sachs will pay $19.8 million in redress and…
Startups Offer GPU Rentals to Meet Rising AI Demand
Startups are expanding GPU rental services to meet AI demand. Generative AI technology increases interest in GPU-as-a-service models. The future…
CFPB Orders Apple and Goldman Sachs to Pay $89 Million Over Apple Card Issues
CFPB ordered Apple and Goldman Sachs to pay $89 million for mishandling disputes. Technological issues led to delayed consumer dispute…
