March 19, 2023
Report: First Citizens Bank Could Buy SVB

First Citizens Bank is reportedly offering to purchase failed lender Silicon Valley Bank. According to a Sunday (March 19) Bloomberg News report, the North Carolina-based financial institution is one of...

March 17, 2023
Meta Expands ID Verification Subscription Service to US

Meta Verified has been expanded to the United States. The subscription service — which was introduced in Australia and New Zealand in February — lets users on Instagram and Facebook...

March 17, 2023
HFSC Chairman Patrick McHenry Welcomes Banks’ Support of First Republic

House Financial Services Committee Chairman Patrick McHenry is among those welcoming banks’ support of First Republic Bank. The congressman said in a Thursday (March 16) press release that the announcement...

March 17, 2023
UAE Central Bank Approves Direct Debit System Marketplace Launch

Residents and citizens of the United Arab Emirates (UAE) can now use a paperless direct debit marketplace. The UAE Central Bank has approved the launch of the marketplace developed by...

March 17, 2023
SEC Alleges Cannabis Company American Patriot Brands Misled Investors

Cannabis company American Patriot Brands has been charged with fraud. The complaint filed by the Securities and Exchange Commission (SEC) also names the company’s CEO, two current and former executives,...

March 17, 2023
An Insider on Why Instant Checkout Is a Deal-Maker for...

Four out of five Americans are interested in faster options to pay businesses for goods and services — an interest that is likely to grow, says Senior Vice President Peter...

March 17, 2023
Will FedNow’s July Launch Ignite Real-Time Payments in the US?

The Federal Reserve’s FedNow real-time rail debut is imminent. Financial institutions (FIs) including banks and credit unions have been using services from Zelle to rails like the RTP Network from...

March 16, 2023
Who Wins If TikTok Loses in the US?

TikTok, owned by Beijing-based ByteDance, is coming under global fire as long-simmering fears bubble over. The U.K. banned TikTok from government phones Thursday (March 16), citing security concerns that the...

March 16, 2023
Google Division Says China-Sponsored Hackers Launching Sophisticated Cyberattacks

State-sponsored hackers from China are launching increasingly sophisticated cyberattacks. With these attacks targeting both government and business systems, they can evade common defenses, enter networks, remain undetected and spy on...