Columbus, OH

Jordan Kuwait Bank (JKB) is pleased to announce its strategic collaboration with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment. eliWallet, developed by Jordan’s leading banking provider JKB, is a state-of-the-art prepaid wallet offering both virtual and physical cards for multicurrency transactions, and methods to provide a timely method of payment for customers, enabling them to carry out transactions with ease, whether in store, using the app, or shopping online. With eliWallet, users gain the opportunity to transfer money swiftly across borders, In addition to the advantage of the first family wallet in Jordan.

Jordan Kuwait Bank Partners With Mastercard and FOO to Unveil eliWallet

PYMNTS

Banking software company Temenos has teamed up with Visa to provide the money movement solution Visa Direct to banks. Visa Direct will be integrated with Temenos Payments Hub and made available to banks via Temenos Exchange, the company’s ecosystem of partner solutions, the companies said in a Tuesday (July 16) press release.

Temenos and Visa Partner to Provide Money Movement Solution to Banks

Cross-border payments are becoming increasingly important to international economies. Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer Survey conducted by GlobalData, a data and analytics company.

Cross-Border Payments Are Becoming Increasingly Important to Global Economies – Report

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?

Business Insider

Chris Kirchner, a startup founder convicted of defrauding investor was sentenced to 20 years in federal prison Thursday.

Chris Kirchner, founder of Goldman Sachs-backed Slync, was sentenced to 20 years for fraud and laundering startup funds

Wisconsin State

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Brookfield, WI

NewsByJoshua

In a wave of unexpected newsunexpected newsunexpected newsunexpected news, Piggly Wiggly has shuttered its store in Brookfield, Wisconsin, leaving customers feeling as if they've lost a family member. The closure, originally set for June 15, was moved up abruptly, catching shoppers off guard as the aisles emptied out with a clearance sale offering 50% off all merchandise.

500-store Grocery Chain Closes Location, Shoppers Cry.

Kentucky State

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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

The pandemic caused many massive changes in the real estate industry. The one discussed most often is the shift to remote work and its impact on the office market. Another significant change that’s talked about less is the surge of multifamily rental fraud. Multifamily managers have increasingly shifted to online applications, widening the playfield for disreputable applicants who use more sophisticated fraud techniques. Meanwhile, many property managers are still using outdated fraud detection techniques that aren’t working.

Tech is Helping Detect Sophisticated Rental Fraud Schemes

California State

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?

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

Denver, CO

David Heitz

The Denver City Council voted Monday to spend $5 million to shuffle 250 homeless people from the street directly into leased housing. The contract goes to Housing Connector, which has experience in such matters, according to a memo from city staff to the City Council. Extra money is included in the contract for things such as unexpected repairs, said Midori Higa of the Department of Housing Stability. She said if someone has a bad day and breaks a window, a replacement will be covered.

$5 million will move 250 Denver homeless people into apartments, city says

Pennsylvania State

Bucks County Beacon

“Who sits there and thinks, with all the needs we have in America, of criminalizing the homeless?” wonders Pastor Robert Brown of Bristol’s Bible Evangelical Methodist Church after learning that the United States Supreme Court approved punishing those experiencing homelessness who have nowhere to sleep.

After SCOTUS OK’s Criminalization of Homelessness, Pennsylvania Democrats Plan Legislative Response to Protect Rights of the Unhoused

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

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

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

FIS launched a solution designed to help banks source, underwrite and fund loans to small- to medium-sized businesses (SMBs). The new SMB Digital Lending solution was created in partnership with small business financial solutions technology platform Lendio, FIS said in a Tuesday (July 16) press release. “By partnering with Lendio,...

FIS Launches Small Business Lending Solution for Banks

Three major retail banks in Singapore are slated to retire the use of one-time passwords (OTPs) for customers who have digital tokens, in a move that aims to combat phishing scams. To be phased out within the next three months, OTPs will remain available to customers of the three banks...

These banks to retire one-time passwords for customers with digital tokens

Tapi raises $22M in Series A, led by Kaszek and followed by Andreessen Horowitz, to continue building the largest payments network in Latin America. Two years after its creation, tapithe paytech that is integrating payment experiences through the largest network in Latin America, announced a $22 million Series A financing round to continue developing its technological platform for fintechs and banks in the region.

Tapi raises $22M in Series A to build the largest payments network in Latam

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

Sublette County, WY

Bondurant, WY

WyoFile

Billionaire Joe Ricketts has ordered crews to immediately stop construction of his long-planned Sublette County luxury resort, and restore the area to its natural condition. A project that would have made a tourist destination out of the tiny, sleepy Hoback River basin community of Bondurant has been called off because of protective wildlife stipulations that abbreviated the construction season. Ricketts sought an exemption from the seasonal restrictions, which he claimed in a memo obtained by WyoFile would have increased the cost of building the high-end all-inclusive resort by $60 million to $100 million, but his request was denied .

Spooked by price tag, billionaire cans under-construction luxury resort in Bondurant area

NewsBreak

BNP Paribas and Ant International Collaborate on Promoting Cross-Border Payment Solutions in Europe, and Tokenised Deposits for Global Treasury Management

The European Union’s leading bank, BNP Paribas and Ant International, a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment...

BNP Paribas and Ant International Collaborate on Promoting Cross-Border Payment Solutions in Europe, and Tokenised Deposits for Global Treasury Management

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