March 13, 2023
Food Rocket Shuts Down as Ultrafast Delivery Faces Reckoning
As economic pressures have many consumers reining in spending, ultrafast delivery is struggling. Ultrafast grocery delivery firm Food Rocket, backed by convenience retail giant Couche-Tard, has shut down in a move...
March 13, 2023
Spring Cleaning for Alternative Banks as Crypto-Friendly Signature Bank Closes
Crypto’s founding premise was to de-bank the world and remove third-party risk. Now, the digital asset industry is finding itself the one unbanked, as financial institutions that once catered to...
March 13, 2023
Coupon App Ranking Shines With Savings
Call them deal chasers or money-savers, but those who use coupon apps are just being smart, and the latest Provider Ranking of Coupon Apps shows the thrifty are never content....
March 13, 2023
USDC Stablecoin Value Recovers After Dipping as Low as 86 Cents
The USDC stablecoin has regained its dollar peg after regulators said Silicon Valley Bank depositors would be made whole. USDC had dipped to as low as 86 cents due to...
March 13, 2023
South Africa Claims Real-Time Payments Progress With PayShap
South Africa’s central bank says the country is closer to “a more accessible national payment system.” That’s due to the Monday (March 13) launch of PayShap, which the South African...
March 13, 2023
BaFin Bans SVB From Doing Business in Germany
Aftershocks from the collapse of Silicon Valley Bank continue to be felt around the world. For example, Germany’s financial regulator said Monday (March 13) that it had banned the bank’s...
March 13, 2023
FDIC Moves SVB Deposits to National Bank of Santa Clara
Federal regulators have transferred all deposits from the failed Silicon Valley Bank to a new “bridge bank.” The Federal Deposit Insurance Corporation (FDIC) said in a news release that all...
March 13, 2023
The Silicon Valley Bank Story No One Has Told
It’s almost an eerie coincidence. Nearly three years to the day that the World Health Organization declared the novel Coronavirus a global pandemic, Silicon Valley Bank collapsed. The mass exodus...
March 13, 2023
JPMorgan Payments Says Invisible Payments Define Instant Checkout’s Future
Instant checkout has been a long time coming. Go back a few decades, and Amazon had a patent in the 1990s on one-click checkout. The patent expired in 2017, and...
