PYMNTS

Mastercard and Canadian FinTech Nuvei have teamed to help consumers turn digital assets into fiat currency. The collaboration, announced Thursday (July 11), is open to consumers in Europe, and lets them convert their assets via debit, credit and prepaid cards. “This new functionality provides a bridge between digital and traditional...

Mastercard and Nuvei Team to Provide Digital Asset Offramp

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit amid evidence of budget tightening. The company’s earnings release indicates that spending on Citi’s cards was 3% higher than...

Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers

OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission Monday (July 15). OneStream and its shareholders — including investment group KKR — are offering 24.5 million shares for $17 to $19 each.

Finance Platform OneStream Aims to Raise $465.5 Million in IPO

Network International has introduced new Business Payment Solutions for companies in the United Arab Emirates (UAE). These solutions were launched in partnership with Mastercard and include card offerings, expense management and virtual cards, the companies said in a Tuesday (July 9) press release. With these tools, Network International’s commercial clients...

Mastercard and Network International Launch Business Payment Solutions in UAE

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Months after Apple debuted the iPad, the tablet had 20,000 apps. The company’s Vision Pro headset, now five months old, has a tenth of that figure. And that could be a problem for Apple as it expands sales of its “spatial computing” product into Europe, Ars Technica reported Friday (July 12), with the company still seeking a “killer app” to woo customers toward the $3,500 device.

Apple Reportedly Still Seeking ‘Killer App’ for Vision Pro

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Anika Jindal

Affluent people can splurge their money on the most luxurious possessions and lifestyles. However, most rich people are wise with money, refrain from making unnecessary purchases, and instead put their money to profitable use. Check out the list of 12 such things.

12 Things People Who Are Good With Money Will Never Spend On

As Walmart looks to hold its own against Amazon’s growing lead in retail, the company is leaning into its food and beverage stronghold, leveraging automation to scale its omnichannel grocery presence. On Wednesday (July 10), the retail giant announced plans for the future of its grocery network, which include...

Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement violations. The Office of Competition and Consumer Protection (UOKiK) said in a Monday (July 15) press release that it determined PayPal’s contract language did not inform consumers which activities could cause them to incur penalties.

PayPal Fined $27 Million for Contract Violations in Poland

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

MORRISTOWN, NJ – New Jersey's Attorney General Matthew J. Platkin, backed by the Division on Civil Rights (DCR), has issued a Finding of Probable Cause against Prince Telecom LLC, alleging disability discrimination. This action follows a complaint where Prince Telecom is accused of denying employment to an applicant using medical marijuana legally to manage a disability.

Cable Company Faces Discrimination Lawsuit Over Medical Marijuana Use

CALIFORNIA – California voters will get to decide, November 5, on Proposition 32, a measure that raises the minimum wage to $18 an hour for all workers. The current minimum wage is $16 an hour in California and adjusts for inflation. Fast food workers make $20 per hour and health care worker's wage will eventually increase to $25 per hour.

Proposition 32 will allow voters to decide on $18 minimum wage for all California workers

Josue Torres

California Governor Gavin Newsom announced this week that in a significant move to alleviate the financial burden on residents, the state has cleared water and wastewater utility bills for 4 million Californians.

California forgives water utility bills for 4 million residents

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Artificial intelligence (AI) features in new smartphones from Samsung and Apple signal a shift that could alter user interactions and mobile commerce. Samsung set the stage at its Galaxy Unpacked event this week, introducing AI capabilities in its latest foldable devices, the Galaxy Z Fold 6 and Z Flip 6. These features leverage on-device AI to enhance productivity and creativity.

Apple and Samsung’s AI Features May Be Boon for Mobile Commerce

NewsBreak

Partior Raises $60 Million to Expand Blockchain-Based Cross-Border Transaction Capabilities

Partior has raised $60 million in a Series B funding round to add new capabilities and more currencies to its global unified ledger-based interbank rails for...

Partior Raises $60 Million to Expand Blockchain-Based Cross-Border Transaction Capabilities

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