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TD Bank to Cut 2% of Workforce Amid AI-Driven Restructuring

TD Bank has announced plans to lay off approximately 2% of its workforce—around 2,000 employees—as part of a broad restructuring initiative focused on digital transformation and artificial intelligence. The cost-cutting measure is expected to save the bank up to C$650 million annually. While the specific departments or geographic ... Read More

US to Eliminate the Penny in Cost-Cutting Move

The US Treasury has confirmed that it will begin phasing out the penny, with production of the one-cent coin officially ending next year. The announcement comes just three months after former President Donald Trump publicly criticized the coin’s continued existence, calling it “wasteful” and urging the government to “rip the ... Read More

Keep Raises C$33M to Build a Canadian Version of Brex

Canadian fintech startup Keep has emerged from stealth with C$33 million in equity funding as it sets out to become the country’s answer to Brex — a modern financial platform for small businesses. The funding round was led by Tribe Capital, with participation from Rebel Fund, Liquid2 Ventures, Cambrian, Assurant Ventures, and angel ... Read More

Curve Wallet Challenges Apple Pay with Launch on iOS

Curve, the London-based digital wallet provider, has launched its iOS-compatible wallet, becoming one of the first companies to challenge Apple Pay on iPhones. This move follows Apple’s compliance with a European Commission ruling requiring it to open up its iPhone NFC interface to third-party providers, breaking its longstanding ... Read More

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How Credit Card Processing Works: A Global Guide

Introduction In today’s global economy, credit cards are a cornerstone of digital commerce. With over 22 billion card transactions happening daily worldwide, understanding how credit card processing works isn’t just a technical detail—it’s a business imperative. Whether you’re a startup selling digital goods or a global ... Read More