On today’s episode, we discuss the use cases for real-time payments and where the service is headed. In our “Headlines” segment, we dive into embedded finance developments. In “Story by Numbers,” we break down numbers that highlight the use cases for real-time payments for enterprises and consumers. Our final segment explores the Federal Reserve’s pending launch of FedNow and how it will coexist with The Clearing House's real-time payment network. Listen in as host Rob Rubin welcomes Ulrike Guigui, executive vice president, head of enterprise payment strategy at Wells Fargo, and Sandra Nudelman, head of consumer data and engagement platforms at Wells Fargo, to the conversation.
Retail and streaming platforms poised to gain digital ad revenue in 2023: Spotify and other newer players in advertising will see faster growth than Meta and Google.
Privacy is the top challenge of data clean rooms, cited by nearly half of marketers and publishers worldwide who use them, per Lotame. For 41% of marketers and 37% of publishers, the tech is too expensive. Other concerns include issues with emails, scale, and partner overlap.
US government intensifies stance against TikTok: A permanent ban from government devices could push the public sector to further remove TikTok from devices. But some fear the service is too big to fail.
Twitter’s journalist bans are a multifaceted mistake: Musk’s flippant move has caught regulator attention, will worry advertisers, and shows a misunderstanding of what drives the platform’s content.
Roblox stumbles in November: While it’s still growing, it’s doing so at a far slower pace, reflecting a broader gaming slowdown.
The long goodbye for TV advertising: The longtime de facto ad channel kicked off a slow death that will take years to complete as digital channels claim the throne.
Starbucks workers strike for the second time to force contract negotiations: But a loss at an NYC store underscores the union’s uphill battle for a satisfactory agreement.
A savvy use of promotions helped Darden Restaurants beat earnings expectations: The return of Olive Garden’s never-ending pasta pass drove higher sales for the quarter as consumers across the income spectrum continue to dine out.
The luxury market remains strong: Over three-quarters of luxury shoppers plan to spend the same or more on holiday purchases this year.
Displaced visa workers could diminish the tech industry’s brain trust: Job opportunities for migrant tech workers opening up outside the US could leave a shortage of talent in the sector.
By 2026, almost half of US household will use smart home devices. Most
New rules for FDIC insurance representation on digital channels include specifying that crypto assets are not deposits.
The interest-bearing accounts can help Wise compete with money transfer rivals, but it might struggle to get mainstream adoption.
The bank would be able to enforce forthcoming legislation and dole out penalties to violators.
Its consortium-like platform will promote best-practice sharing among competitors while strengthening risk controls.
US retail sales fell 0.6% in November: But spending on services like restaurants and travel continues to grow as shoppers prioritize experiences over physical goods.