Apple Inc. on July 4 experienced a widespread outage that affected its iCloud services and some retail store operations in North America for about three hours.
The incident underscored the vulnerability of digital payment platforms to technical troubles. Visa and Mastercard have each experienced serious outages within the last couple of years.
On Thursday, many customers were unable to sign in to their iCloud accounts or access related services, which Apple tracked on its system status page.
Twitter carried accounts of customers who were temporarily unable to check out at some Apple Stores during the midday outage, according to a Macrumors report. Apple did not return a request for comment.
Visa had a multinational processing outage in June 2018, and Mastercard suffered a serious outage in the U.K. about a year ago. Target had back-to-back payment system glitches one weekend last month, crippling its in-store checkout systems nationwide.
Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
The North Dakota governor's real estate background and affordable housing policies fit with the president-elect's plan to open up federal lands for new home construction.
Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
The number of banks announcing plans to sell this year reached 108 by the end of Oct.; Truist Financial promoted Brad Bender to chief risk officer; Old Point Financial made Cathy W. Liles its chief financial officer; and more in this week's banking news roundup.