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Six US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements.

In new filings with the Massachusetts state government, Mainstreet Bank, Savers Bank, The Village Bank, Watertown Savings Bank, Webster Five Cents Savings Bank and Eagle Bank say some debit cards may have been compromised following a security breach of a merchant’s payment card platform.

A copy of a notice sent to Eagle Bank customers was recently posted on the government site, stating an unnamed Mastercard merchant allowed unauthorized access to account information.

Even the biggest investors often make terrible trading decisions for their portfolios.

At an AI summit in Tokyo on Wednesday, Jensen Huang and Masayoshi Son joked about how SoftBank was once Nvidia’s largest shareholder before dumping its stake. The two billionaires are now joining forces on a Japanese supercomputer. SoftBank, which until early 2019 owned 4.9% of Nvidia, has secured a favorable spot in line for the chipmaker’s latest products.\r.
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“The last two decades saw software transform nearly every industry, a trend famously captured by venture capitalist Marc Andreessen’s phrase ” software is eating the world.

Software became the backbone of industries like retail, transportation, finance, and entertainment, leading to a world where digital tools and applications are integral to daily life.

Looking forward, many experts believe that artificial intelligence (AI) will play a similarly transformative role over the next 20 years.

A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data.

Maryland-based Eagle Bank says it has received a notice from Mastercard, stating an unnamed US merchant allowed unauthorized access to account information between August 15th, 2023, and May 25th, 2024.

The bank revealed the breach in a filing with the Massachusetts state government.

Individuals born before 37 weeks of gestation, considered to be preterm infants, have, on average, lower employment income, university enrollment and educational attainment through age 28, according to a study publishing November 6, 2024 in the open-access journal PLOS ONE by Petros Pechlivanoglou of The Hospital for Sick Children, Toronto, Canada.

Preterm birth affects about 10% of all births worldwide and accounts for one in five deaths in children. Economic and lifestyle factors can affect a family’s access to therapies and supports, financial stability and quality of life.

Toyota known for its hybrid innovation, has been cautious with fully electric vehicles (EVs), only launching its first EV, the bZ4X, in 2022.

Solid-state batteries are smaller and more durable, making them well-suited to daily fast charging and capable of carrying additional weight, like extra passengers or cargo. This technology has been difficult to scale up, but Toyota’s strong financial base and reputation for reliability position it uniquely to introduce these advanced batteries to the mainstream.

Historically, Toyota’s innovative, consumer-friendly designs, such as fuel-efficient cars in the 1970s and hybrids in the 1990s, have revolutionized the auto industry. Now, Toyota’s solid-state battery development could do the same, potentially transforming EVs from niche to mainstream by offering greater efficiency, performance, and convenience.

Dimon was speaking at the Georgetown Psaros Center for Financial Markets and Policy’s annual Financial Markets Quality Conference when he was asked whether he had any advice for the students there.

“For most of you guys, turn off TikTok, Facebook. A total stupid waste of time,” Dimon said.

Continue reading “Jamie Dimon Says TikTok and Facebook Are a ‘Total Stupid Waste of Time’ and People Should Read Books Instead” »

This clip is from the following episode: https://youtu.be/xqS5PDYbTsE

Recorded on Oct 18th, 2024
Views are my own thoughts; not Financial, Medical, or Legal Advice.

Continue reading “AI Will Dramatically Increase Life Expectancy, Here’s How | MOONSHOTS” »

Viktoria Soltesz is the founder and CEO of PSP Angels Group, an independent payment consulting firm. PSP Angels is an independent payment and banking consultancy firm. In this interview leading up to the Fin+AI 2024 Conference we discuss a variety of topics related to moving money.

https://www.pspangels.com.

Continue reading “Viktoria Soltesz, Founder of PSP Angels, and Author, Moving Money, How Banks Think Shares Her Story” »