BRUSSELS–Apple is now offering to let rivals access its tap-and-go mobile payments systems used for mobile wallets, a move that could settle EU antitrust charges and stave off a possible hefty fine, three people familiar with the matter have told Reuters.
Fresh Today
WASHINGTON—The Federal Reserve will host a virtual town hall today on the FedNow Service.
SAN FRANCISCO—Coinbase has rolled out a new service on its wallet that enables users to transfer crypto via a link sent through major social media applications like Telegram, iMessage, TikTok, Facebook, WhatsApp, and Instagram.
PURCHASE, N.Y.—Mastercard has introduced Shopping Muse, which it is describing as an advanced generative AI tool that “revolutionizes” how consumers search for and discover products in a retailer’s digital catalog.”
DUBLIN, Ireland—Three quarters of financial services firms in Ireland conduct anti-money laundering (AML) risk assessments entirely manually, while three in five firms outsource some or all of these activities to lower cost locations such as India or South America, according to a new report.
WASHINGTON–One meeting and two data releases related to the economy are on the agenda this week in Washington.
WASHINGTON–With Congress looking to get out of town by the end of the week, it’s likely the only big item that may be completed in time will be the $900-billion National Defense Authorization Act (NDAA).
HOPEWELL, Va. –One of the 60 credit unions that was hit by the ransomware attack on a data processor and which led to service outages is reporting it is back online.
TORRANCE, Calif.–Two credit unions have named new leadership.
SEATTLE –More than $525,000 has been donated to member-nominated non-profits as part of BECU’s 10th annual People Helping People awards.