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Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses

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Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports. In its lawsuit, the credit union calls Fiserv products the “lifeblood” of its company.

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Jury Selection In Trial Of Coin.mx Operator Kicked Off

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According to a report by Reuters , jury selection for the case of Yuri Lebedev, the alleged mastermind of bitcoin exchange Coin.mx’ s electronic platform, and Trevon Gross, a pastor and former head of a now out of business credit union, were expected to begin in Manhattan. despite the fact that the exchange wasn’t licensed.

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Cannabis Banking Bill Gains Steam in US House

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A bill that could bring clarity to payments for legal cannabis purchases in the U.S. The news comes as financial institutions are putting pressure on lawmakers to resolve the situation, given the growing and lucrative nature of legal cannabis business and its inability to move away from cash-based transactions. Market Growth.