Amid the accelerating shift towards digital banking, nearly half of banking customers in Ghana still favor traditional banking methods, according to the 2024 PwC Ghana Banking Survey Report. The survey reveals that 47% of respondents prefer to conduct their banking transactions through conventional means, highlighting the enduring appeal of face-to-face...

Ghana: Traditional Banking Still Favored by 47% Despite Digital Shift: PwC Report

PYMNTS

Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year in the marketplace on July 20. As of now, about 700 banks have signed on to the new federal payments system infrastructure. The vast majority of those financial institutions (FIs) can only receive instant payments, not send them. And, of course, there’s a competing system, The Clearing House’s RTP® Network, which has already been operating for about seven years.

It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year

Fortune

The Federal Reserve today announced it has fined Green Dot Bank, a partner to Apple and Walmart, for deceptive practices the bank says it stopped years ago. Green Dot Bank, the tiny state-charted Utah bank behind financial products at some of America’s largest companies—including Apple and Walmart—today agreed to pay a $44 million fine previously disclosed by the Federal Reserve. Green’s stock fell 5.7% today to $9.26, and is now 85% off the all-time-high of $63.44 it hit October 2020. The fine does not place any restrictions on the bank’s ability to serve its existing clients.

Apple and Walmart banking partner Green Dot fined $44 million by the Federal Reserve

New York State

Reuters

WASHINGTON (Reuters) - New York state regulators urged banks and companies to be on high-alert amid the global tech outage on Friday, saying it is monitoring institutions and market events and working with other state and federal regulators.

NY urges banks, companies to be on high-alert amid global tech outage

State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its own stablecoin, creating its own deposit token, joining digital-cash consortium efforts, and developing settlement options through blockchain payment startup Fnality, in which it has an investment, Bloomberg reported Wednesday (July 17), citing an unnamed source.

Report: State Street Considering Several Blockchain-Based Projects

New York City, NY

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writer

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

FARNBOROUGH, England (Reuters) - Aviation leaders will meet at a marque summit outside London on Monday as the industry struggles with supply chain disruptions, aircraft delays and floundering plans to reduce carbon emissions. The July 22-26 Farnborough Airshow, a gathering of top executives from airlines, aircraft makers and weapons manufacturers,...

Aviation summit opens amid jet shortages, supply chain turbulence

The US Sun

HACKERS could shut down systems across the world with an attack that replicates today's global IT outage. That's the warning from cybersecurity experts who say "we must learn" from today's worldwide computer bungle. Computers booting up on Friday, July 19 were faced with a "Blue Screen of Death". It's impacted...

Hackers could shut down world using ‘global IT outage’ attack as experts warn ‘we must learn’ before it’s too late

China says it’s opposed to proposed American investment restrictions on its tech industry — and that it reserves the right to take action against the measures. The country’s commerce ministry said Monday that the U.S. should “stop politicising and weaponising economic and trade issues, and lift investment restrictions on China,” according to Reuters.

China warns the U.S. it's ready to fight back against restrictions on tech investments

North Carolina State

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community_voice

Town Talks

Having a functioning air conditioning unit is essential during the hot North Carolina summers. For those living in apartments or rental properties, the lack of a reliable AC unit can make it difficult to feel comfortable.

Are landlords required to provide air conditioning for North Carolina tenants? Here’s the law

Broward County, FL

Edmond Thorne

Buying & Getting Your Vehicle Serviced in South Florida Just Got a Bit More Difficult Along with Your Data Security?. Fort Lauderdale, FL. - A massive and devastating cyber attack has hit car dealerships across the nation. CDK Global is the software provider at the heart of this crisis, and it provides software for thousands of auto dealers in the U.S. and Canada. The attack, which started with back-to-back cyberattacks on June 19, 2024, has disrupted operations, caused significant delays, and raised major cybersecurity concerns.

Massive Cyber Attack Cripples South Florida Dealerships: Was Customer Data Stolen Also?

An infamous Russian hacker group claims it has successfully breached the U.S. Federal Reserve. Security researchers say the ransomware group LockBit claims it has accessed 33 terabytes of “juicy banking information containing Americans’ banking secrets.”. The group says it’s holding the data hostage, demanding the Federal Reserve pay...

Federal Reserve Breached, Claim Hackers, Allegedly Exposing 33 Terabytes of ‘Juicy Information Containing Americans’ Banking Secrets’

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

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?

Coral Gables, FL

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Oregon State

Youngstown, OH

The Shy Green

A look at some recent news from the pharmacy world. Rite Aid, a familiar name in communities across the country, is facing some tough times. After filing for bankruptcy, they've now announced the closure of four additional locations, adding to the more than 200 stores already shuttered. These closures are part of Rite Aid's strategy to reevaluate its retail presence and navigate through financial challenges.

A well-known pharmacy is closing four more stores because they went bankrupt

PC Gamer

The move has stumped the scientific community as there's no obvious reason for it.

Multiple governments around the world have secretly agreed to restrict the export of quantum computers

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

NewsByJoshua

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Mississippi State

Jackson, MS

Mississippi News Group

JACKSON, Miss. - In a decisive move today, State Auditor Shad White announced the arrest of Lacosta Lee, a contracted probation officer affiliated with Court Programs, Inc (CPI), on charges of embezzlement. Special Agents from the State Auditor’s Office took Lee into custody following allegations that she misappropriated funds intended for court-ordered fines and fees.

Probation Officer Arrested in Embezzlement Case

NewsBreak

OCC: Banks Unprepared for Cyberattacks and Other Risks

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. As Bloomberg News reported Sunday (July 21), a confidential assessment by the...

OCC: Banks Unprepared for Cyberattacks and Other Risks

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