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Digital financial services firm SoFi has debuted its “all-in-one account” Smart Card.
The new account, announced Wednesday (Dec. 10) for SoFi Plus members, is designed to offer better choice and control over spending, rewards, a way to build credit history, and high interest on savings balances.
The release noted that while debit card users avoid paying interest and spending beyond...
B2B commerce platform AppDirect has acquired vCom, an IT lifecycle management provider for midsize companies.
The closure of the $100 million deal, announced Wednesday (Dec. 10), will see vCom’s offerings embedded with AppDirect’s recently launched unified lifecycle management platform.
“Integrating vCom’s lifecycle management platform, Buyers’ Club network, and mobile solutions into...
Petco has reported that a setting within one of its software applications made customers’ personal information accessible online.
The retailer filed data breach reports in California, Massachusetts and Texas.
The disclosures were flagged by PCMag in a Tuesday (Dec. 9) report.
The California Attorney General data breach list said Petco reported Wednesday (Dec. 3) that it suffered a...
Amazon says its same-day perishable grocery delivery service has reached 2,300-plus communities.
Now, Amazon is planning additional growth in 2026 as it finds itself on track to deliver at its fastest speeds ever for Prime members worldwide for the third consecutive year, the tech giant announced Wednesday (Dec. 10).
“Over the last few months, customers have ordered fresh fruits,...
Adobe said it is adding a trio of its apps to OpenAI’s ChatGPT.
Adobe Photoshop, Adobe Express and Adobe Acrobat will be directly available on the artificial intelligence (AI) startup’s chatbot, Adobe announced Wednesday (Dec. 10), letting users ask ChatGPT to create designs or edit photos and PDFs.
“Adobe apps for ChatGPT build upon the company’s innovation in agentic AI, enabling...
The Treasury Department reportedly aims to give its Financial Crimes Enforcement Network (FinCEN) the ability to veto other regulators’ findings that a bank has violated the Bank Secrecy Act (BSA).
With this proposed change, Treasury wants to ensure that regulators focus on key parts of banks’ anti-money laundering efforts, rather than on technical compliance, the Wall Street Journal...
Amazon plans to invest $35 billion in India through 2030 to support business expansion, artificial intelligence (AI) digitization, export growth and job creation.
This will build on the $40 billion the company has already invested in India in terms of compensation to employees and development of infrastructure, it said in a Wednesday (Dec. 10) press release.
Amazon’s investments to...
A recent International Monetary Fund report warns of threats posed to emerging markets by stablecoins.
But as CoinDesk reported Wednesday (Dec. 10), some cryptocurrency experts say that the concerns flagged in the IMF’s report are not yet a serious threat, as the stablecoin market is not yet large enough to have a true systemic impact on emerging markets (EMs).
“It’s way too soon for...
Check usage continues to decline each year as consumers and businesses shift toward digital tools. At the same time, significant numbers of users still depend on checks for convenience, record keeping or lack of better alternatives.
This uneven reliance has led the Federal Reserve to seek input about the future of its own check services. The answer will influence whether checks fade...
U.S. banking regulators are warming up to cryptocurrency in a way never seen before.
For much of the digital asset sector’s history, crypto companies have accused U.S. regulators of regulatory arbitrage by enforcement, while regulators accused the industry of racing ahead of basic risk controls. Banks, caught in the middle, largely stayed on the sidelines, experimenting quietly while...