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The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that the third-party supplier has restored service following their earlier issues, and CHAPS payments are settling as normal,” the Bank of England said in a Thursday press release. “We expect that all payments received by the Bank today will be settled by the end of the day.”

Bank of England: CHAPS Payment System Service Restored After Outage

Reuters

LONDON (Reuters) -When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender. But two years on, the novice Mandarin-speaker is just weeks away from becoming chief executive.

HSBC's Elhedery takes fast track from finance to CEO

Italy's state-owned development bank Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo, the largest lender in the country with over $1 trillion of assets, completed a digital bond issuance using blockchain rails on Thursday, the first such transaction under the country's new digital asset rules. The €25 million bond...

Italy's Top Banks Participate in €25M Digital Bond Issuance on Polygon in ECB Trial

MUMBAI (Reuters) -India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by the growth of potential output, which analysts said could limit the scope to ease monetary policy. The natural rate of interest is associated with...

India cenbank pegs natural rate higher, analysts caution on policy easing

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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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

In the race to infuse artificial intelligence (AI) into every corner of the digital world, Microsoft has set its sights on conquering the final frontier of office productivity: the humble spreadsheet. The tech giant’s latest creation, SpreadsheetLLM, aims to change how businesses crunch numbers and make decisions. By harnessing the...

Excel’s AI Makeover: Microsoft’s Billion-Dollar Bet on Smarter Spreadsheets

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

XRP price falls as SEC cancels potential settlement meeting with Ripple. Mid-July was a hot time for popular cryptocurrency XRP. Over the course of two weeks, the price of the token rose by more than 53% at the peak of its growth, reaching a high not seen since early April.

XRP Drops 7% as Ripple v. SEC Settlement Allegedly Postponed

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The Shy Green

Here's a plot twist you might not have seen coming: Chicken Soup for the Soul Entertainment (CSSE), the company behind the heartwarming book series, has filed for Chapter 11 bankruptcy. This comes just two years after they swooped in to acquire Redbox, the nostalgic DVD rental brand.

Streaming Service Faces Chapter 11 Bankruptcy 2 Years After Major Acquisition

California State

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

Capital One Announces $265 Billion Community Benefits Plan. Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately. The bank said this in a press release announcing a $265 billion community...

Capital One Announces $265 Billion Community Plan as Part of Discover Deal

There’s no shortage of images that come to mind when the subject is Australia. Most of them are outdoors, like the vast outback and iconic Table Mountain, any number of unique forms of wildlife and the world’s largest marine ecosystem in the Great Barrier Reef. But one of...

How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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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

Worldline has formed a partnership with intelligent vending machine company Selfly Store. The collaboration, announced Tuesday (July 16), will see Worldline work with payment expert Antenor to integrate a contactless payment solution with Selfly’s machines, which are designed to provide an autonomous meal/snack solution for hotels, offices and other venues.

Worldline Partners Selfly Store on Contactless Vending Offering

Chicago, IL

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?

Verizon has unveiled a suite of initiatives designed to enhance customer choice and flexibility, marking an evolution in its brand strategy. The telecommunications giant has introduced programs aimed at enriching customer experiences across its portfolio. Central to Verizon’s strategy is the introduction of subscription-based and non-subscription programs tailored to consumer...

Verizon Launches Customer-Centric Initiatives, Redefines Brand Identity

Prove has introduced tools to help customers integrate its identity verification technology into their operations. The company on Tuesday (July 16) announced its developer self-service platform along with an identity solution known as Prove Link SDK. “As businesses exhaust huge amounts of resources to fight fraud and mitigate risk, they’re...

Prove Debuts Self-Service ID Verification Platform

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?

Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows Pindrop to further develop its audio, voice, and artificial intelligence (AI) technologies for customers in industries that include banking, finance, contact center, insurance, utilities, healthcare and retail.

Pindrop Raises $100 Million in Battle Against Deepfake Calls

The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom. The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.”. The Bank did not share exactly...

Bank of England Reports Issues with CHAPS, Impacting “High Value” Payments [U]

NewsBreak

European Central Bank: Swift Outage Affected Real-Time Gross Settlement System

The outage at Swift that affected the Bank of England also impacted the European Central Bank. The outage, which lasted for several hours on Thursday (July...

European Central Bank: Swift Outage Affected Real-Time Gross Settlement System

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