In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means of conducting digital payments across the globe.

Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Airwallex, a leading global payments and financial platform for modern businesses, has selected GoCardless to provide direct debit to its customers across several key markets. Through GoCardless Embed, a white-label integration, Airwallex now connects to GoCardless’ global bank payment network, helping Airwallex customers to expand into new verticals and use cases where direct debit is preferred.

Airwallex Partners With GoCardless to Strengthen Direct Debit Offering 

New findings show that adoption rates of Open Banking payments are increasing, with more than 58% of fintechs now offering this type of payment for financial services products. The report, published by payments solutions provider Access PaySuite, part of the Access Group, highlighted the importance of providing customers with a...

New Research: 58% of Fintechs Now Offer Open Banking Payments as Adoption Rates Continue to Surge

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This technology, developed by US based global fintech Banked “in partnership with NAB, enables fast and secure payments straight...

Fintech Lender Plenti Clients Can Make Additional Loan Repayments with NAB Pay by Bank Solution

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writer

Advocate Andy

Rent-a-Center affiliate charged with deception, illegal lending. A consumer finance company affiliated with Rent-A-Center is facing charges that it misled or deceived as many as 5 million of its customers and that it engaged in illegal lending practices.

5 Million Consumers Deceived in Rent-to-Own Lending Scheme

Colorado 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.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

AppBrilliance, a pioneer in real-time payment solutions with its cutting-edge Money API™ platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Companies like Starbucks™, CVS™, Dunkin™’, Chick-fil-A™ and many other successful businesses...

AppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets With RTP & FedNow

Account takeover fraud in the financial services industry is declining in contrast with other industries such as retail and hospitality. Researchers at Human Security attribute the nearly 50% reduction to one of the basic controls in cybersecurity: multifactor authentication. Human Security, which blocked more than 352 billion attempts at account...

Account Takeover Fraud Declines in Financial Services

Nexi, the European PayTech, signs an historic agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. As a result of this partnership, 176 credit unions of all sizes will use Nexi’s Instant...

Payac and Nexi to Deliver Instant Payments to Credit Unions

Illinois State

Chicago, IL

Foodie in Chicago

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

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

In a move to help stop bank impersonation scams and improve the customer experience, Westpac and Optus are introducing a new in-app calling capability for Westpac customers. Westpac SafeCall will allow customers “to receive calls via the app that are Westpac branded, verified by Optus and show a reason for the call.”

Optus and Westpac Introduce Scam Protection Solution for Customers in Australia

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

The Associated Press

TORONTO--(BUSINESS WIRE)--Jul 30, 2024-- Mobile Klinik and MCE Systems Ltd., the pioneer of digital-first device lifecycle management (dDLM), have launched a new end-to-end trade-in solution integrated into the Mobile Klinik Device Checkup app. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730548223/en/ (Photo: Business Wire)

MCE and TELUS Enhance Mobile Klinik Trade-in Experience

Hercules’ no breakbulk LTL model delivers faster transit times & fewer claims for Fortune 500 electronics manufacturer’s US-Canada shipments. Most Recent EpisodeAn Ambition To Be a Great Leader. A childhood in Kansas, college in California where she met her early mentor, Leigh Lytle spent 15 years in the...

Electronics Manufacturer Transforms US-Canada Shipments

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Aurora, CO

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

NatWest Group has issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750 million from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank “to issue a green bond where the use...

UK’s NatWest Group Issues Bond Dedicated to Financing Electric Vehicles

California State

Reuters

(Reuters) - California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process, the agency's technology partners exclusively told Reuters on Tuesday.

California DMV puts 42 million car titles on blockchain to fight fraud

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

NewsBreak

Surfboard Payments Announces Partnership With Cardstream Group to Deliver Innovative Payment Solutions

Surfboard Payments is pleased to announce a dynamic partnership with Cardstream Group, the UK’s largest independent provider of white-label payment Fintech. This collaboration aims to bring...

Surfboard Payments Announces Partnership With Cardstream Group to Deliver Innovative Payment Solutions

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