America’s consumer finance regulator has fined ACI Worldwide for processing more than $2 billion in unauthorized mortgage payments. The Consumer Finance Protection Bureau (CFPB) said Tuesday it had fined ACI $25 million over transactions that happened in 2021 and impacted close to half a million...
The Federal Reserve this week will release the outcome of its annual banking “stress test.” And while the banks are expected to pass, the results may not bring good news. The tests this year are happening in a different environment, with regulators considering stricter rules for lenders following...
In its ongoing push to capture more of consumers’ grocery (and overall food) spending, Instacart is expanding its capabilities, most recently adding digital customization features for made-to-order items. The online grocery giant announced Tuesday (June 27) the launch of these personalization features via FoodStorm, the...
Resistant AI has raised more funding for its artificial intelligence (AI) and machine learning (ML) security solutions. The company has added $11 million from venture capital (VC) firm Notion Capital to its Series A funding, bringing the total to $27.6 million, Resistant AI said in...
The all-encompassing rise of contemporary consumer technology has fundamentally transformed the world. Innovations like video streaming and social media brought new behavioral expectations around a seamless user experience (UX) and frictionless optionality, paired with contextual personalization, that have shaped countless disruptive advances since. Now, industry...
U.S. Bank has launched a card, expense and travel management solution designed for middle-market companies. The new U.S. Bank Commercial Rewards Card also provides rebates for business expenses to firms with annual revenue of $10 million to $150 million, U.S. Bank said in a Tuesday (June 27) press...
Artificial intelligence (AI)-powered finance company JustPaid has debuted its product suite after raising $3.5 million. The company announced the seed funding and product launch Tuesday (June 27), saying it offered small and medium-sized businesses (SMBs) automated bill payment, contract validation and real-time AI financial auditing....
European Union (EU) banks may soon have new rules around environmental and crypto risks. The proposed new banking rules have been agreed upon by negotiators from the European Parliament, Council and Commission and will next be voted on by the Economic and Monetary Affairs Committee...
NatWest is offering incentives to businesses in the United Kingdom that switch their accounts to the bank. The U.K. bank is offering 24 months of free business banking to customers with turnover of up to 2 million pounds (about $2.6 million) that switch to NatWest, new...
