Consumers in the U.K. and other parts of Europe were unable to make card payments on Friday when Visa's network crashed.
Consumers were receiving rejection notices at point of sale terminals, according to The
Visa told
In Scotland, supermarkets were scurrying to open cash-only checkout lanes as Visa payments were working sporadically, according to The Guardian.
Visa confirmed the outage via
The ongoing government shutdown prevented the Bureau of Labor Statistics from releasing its September jobs report Friday, but job growth appears to be softening. The lack of reliable government data comes as the Federal Reserve mulls further interest rate cuts.
College sophomores are applying for jobs before they've even taken a finance class. Goldman Sachs CEO David Solomon says he dislikes the process, but doesn't have the power to change it.
Portugal's Feedzai will build the fraud detection system for Europe's planned digital currency, a deal worth up to $278 million.
The digital bank is expanding its investment offerings with a lower-risk, fee-free level of options trading.
Jennifer Taylor at Citibank and Jodi Richard at U.S. Bank are driving a rethinking of how to tackle the risks banks face using technology.
As consumers use digital subscriptions for everything from streaming movies to cooking meals, financial apps are taking different approaches to helping their customers navigate recurring payments. Should banks get in on the action?
