Users will receive discounts and other perks, similar to Mercado Libre’s cashback digital coin.
Visa brought its BNPL solution to more Canadian retailers and expanded Visa Direct through a partnership with Thunes.
The Net-Zero Banking Alliance said it may ignore fresh UN proposals on cutting fossil fuel financing.
Strong fixed-income trading drove revenue, but profits plummeted. The bank hopes restructuring will drive a turnaround.
The national bank said Bunq couldn’t use AI in its AML processes. When the court sided with Bunq, the national bank’s policy changed.
It’s investigating whether merchants can still route payments to alternative debit card networks when tokenization comes into play.
Beyond static billboards: Though traditional outdoor signs still account for the majority of spending on out-of-home ads, digital formats are making gains.
Bank of America’s Erica reached 1B customer interactions, helped by offering both human and digital assistance.
A survey revealed that nearly 40% of FIs weren’t aware of the October 31 deadline for an implementation plan for the new rules.
Tech workers still have the upper hand: Big Tech spars with banks over workers and late-stage startups are in hiring mode, while a skilled-labor shortage means techies can be selective.
Auto insurance doesn't love advertising anymore: Insurance's biggest spenders have tightened their budgets due to economic troubles and a crisis of faith.
JPMorgan, Citi, Wells Fargo, and Bank of America reported double-digit card spending growth but are wary of economic conditions.