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UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories BY PYMNTS | JULY 25, 2023 | The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Part 5 of the Retail Banking Market Investigation Order 2017 requires banks to...

How One Banker Sees the FedNow and RTP® Faster Payments Landscape Evolving BY PYMNTS | JULY 25, 2023 | The RTP® network has dominated the U.S. real-time payments industry since its 2017 launch, but newly launched FedNow is challenging the RTP® network’s place. The RTP® network has dominated the U.S. real-time payments industry since its 2017...

Bitcoin Falls to Lowest Level in a Month BY PYMNTS | JULY 24, 2023 | Bitcoin dropped to its lowest level in over a month Monday (July 24). The price of bitcoin fell sharply and suddenly at the start of the week, trading just over 3% lower at $29,198.15, after initially slipping as low as $28,995.02,...

Google Reports 7 Out of 10 Generative AI Unicorns Are Cloud Customers BY PYMNTS | JULY 25, 2023 | The tech industry has been buzzing over generative artificial intelligence (AI) for months. But has the technology, whose capabilities are being promoted as the next big leap forward for the sector, completely reshaped the landscape? When OpenAI launched...

Deloitte and Chainalysis Ally to Offer Digital Asset Data and Analytics Solutions BY PYMNTS | JULY 25, 2023 | Deloitte, one of the “Big Four” accounting, consulting and professional service firms, and blockchain analytics firm Chainalysis have announced an alliance to provide digital asset data and analytics solutions and services. The collaboration will allow their shared...

UK Data Regulator Probes Worldcoin Launch BY PYMNTS | JULY 25, 2023 | Sam Altman’s Worldcoin Venture Draws Skepticism The United Kingdom’s data regulator is reportedly investigating OpenAI CEO Sam Altman’s Worldcoin. “We note the launch of Worldcoin in the U.K. and will be making further inquiries,” a spokesperson for the Information Commissioner’s Office (ICO) told PYMNTS...

X Offers Discounts and Incentives to Win Back Advertisers BY PYMNTS | JULY 25, 2023 | X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. The platform is now offering discounted prices and a new set of incentives to encourage brands to come back, The Wall Street Journal (WSJ)...

Visa Direct Transactions Soar 20% as P2P and B2B Use Cases Gain Ground BY PYMNTS | JULY 25, 2023 | Visa’s fiscal third-quarter results show traction in new payment flows and management pointed toward resilient customer spending. The payment networks’ most recent results show that overall payments volumes gained 9% during the quarter to $3.2 trillion,...

US Announces $400 Million Arms Package for Ukraine The package includes ammunition for artillery and air defense systems by Dave DeCamp Posted onJuly 25, 2023CategoriesNewsTagsUkraine The Biden administration on Tuesday announced a new $400 million weapons package for Ukraine that includes ammunition for artillery and air defense systems, anti-tank weapons, and other types of equipment. The arms are being provided through the Presidential...

China Hits Back at Japan Over Comments on Aiding Taiwan A Japanese official said Tokyo would likely aid Taiwan in the event of a Chinese attack by Dave DeCamp Posted onJuly 25, 2023CategoriesNewsTagsChina, Japan, Taiwan The Chinese Foreign Ministry on Tuesday hit back at Japan over comments made by a Japanese official about Tokyo potentially assisting Taiwan in the event of a...

State Department Says US Won’t Cut Military Aid for Israel After Judicial Overhaul Vote Secretary of Defense Lloyd Austin on Tuesday vowed US backing for Israel was 'steadfast and unwavering' by Dave DeCamp Posted onJuly 25, 2023CategoriesNewsTagsIsrael, Palestine While the Biden administration has expressed concern about the judicial overhaul being pushed forward by the Israeli government of Prime Minister Benjamin Netanyahu, it...

Beijing Vows Countermeasures After CIA Says It’s Rebuilding Spy Networks in China CIA Director William Burns says the spy agency is 'making progress' in China by Dave DeCamp Posted onJuly 24, 2023CategoriesNewsTagsChina The Chinese Foreign Ministry said Monday that Beijing would take countermeasures in response to the CIA saying it’s making progress on rebuilding spy networks inside China after losing assets in...

If You Don’t Want To be Treated Like Amazon, Don’t Promise To Be Like Amazon by Ted Snider Posted onJuly 25, 2023 In a rare public display of division and lost tempers, Ukrainian President Volodymyr Zelensky and his Western partners exchanged expressions of frustration with each other at the recent NATO summit in Vilnius Lithuania. The exchange exposed more than their...

How BlackRock Triggered the Global Energy Crisis Frank BergmanJuly 23, 2023 - 11:04 am2 Comments In recent years, governments around the world have been pushing radical policies that have fueled a global energy crisis. It would be easy to assume that the decisions that have triggered soaring energy prices are just plain incompetence. However, the global energy crisis conveniently falls into line with...