News

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Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
June 04, 2024  |  Economy

The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business...

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Middle-Income Vacationers Plan to Spend $500 More This Year Than Last
Middle-Income Vacationers Plan to Spend $500 More This Year Than Last
June 04, 2024  |  Travel Payments

Despite hard-to-shake concerns about inflation, nearly half of U.S. consumers are planning to take a break this summer — and many plan to shell out...

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CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic...

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Intel Ups the AI Ante With New Chips for Data Centers
Intel Ups the AI Ante With New Chips for Data Centers
June 04, 2024  |  Artificial Intelligence

In the hypercompetitive arena of artificial intelligence, Intel unveiled its latest gambit: the Xeon 6 processor. The next-generation AI chip, which debuted Tuesday (June 4)...

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SBA to Launch Working Capital Pilot Program
SBA to Launch Working Capital Pilot Program
June 04, 2024  |  Loans

The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million....

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Worldline Rumored to Acquire Credem’s Merchant Payment Services
Worldline Rumored to Acquire Credem’s Merchant Payment Services
June 04, 2024  |  Acquisitions

Italian bank Credem has reportedly chosen Worldline as the preferred bidder for its merchants’ payments business. That’s according to a report Tuesday (June 4) by...

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Bilt Uses Banyan Item-Level Data Capabilities to Enhance Rewards Program
Bilt Uses Banyan Item-Level Data Capabilities to Enhance Rewards Program
June 04, 2024  |  Partnerships

Bilt joined the Banyan platform to provide additional benefits to its members. “The addition of Banyan item-level data capabilities opens exciting new opportunities for Bilt...

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Lydia Turns to Marqeta to Power Sumeria Banking App
Lydia Turns to Marqeta to Power Sumeria Banking App
June 04, 2024  |  Partnerships

Card-issuing platform Marqeta has expanded its partnership with French payments firm Lydia. This extended collaboration, announced Tuesday (June 4), will see Marqeta power Lydia’s European...

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Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
June 04, 2024  |  Partnerships

Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing...

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