REDMOND, Wash. - (02/09/05) -- Microsoft is promising significantproductivity gains and security with a new communicationsinfrastructure for web-based financial transactions. The Indigocommunication system is designed to drastically reduce code fordevelopers building reliable Web services and is scheduled for abeta release in June, with general availability in 2006.Functioning with the Visual Studio 2005 development platform andlanguages such as C# or J#, Indigo saves developers from having towrite thousands of lines code, leveraging metadata, according toMicrosoft. Indigo is built as extensions to the .Net Framework,with support planned for Windows XP, Windows Server 2003, and theproposed Longhorn version of Windows. Indigo will back theMicrosoft-driven WS-* architectures for Web servicesstandardization. WS-* is how Microsoft refers to the set of Webservices specifications that features Web Services ReliableMessaging, among others.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17