But it faces competition from other mPOS providers and the boom in softPOS demand
The solution brings what has become a security expectation to all transactions after India mandated tokenization for card-on-file transactions
The payments network added USDC settlement capabilities for acquirers as stablecoins gain payments momentum
What happened after the overdraft and NSF fees went away: How a Minnesota credit union’s marketing campaign helped increase its membership and offset that lost revenue.
JPMorgan boosts its stake in Brazilian neobank C6: That will help it keep going until it attains profitability, less-well-capitalized rivals drop out, and Latin America’s biggest economy improves.
Details surrounding the increases are sparse—and Mastercard rebuffed the report as untrue. But the outcry may be overstated
Klarna’s cost-cutting measures and diversification strategy are starting to pay off
Shopify merchants can access Amazon’s logistic business and buy button after Shopify sold its logistics arm
The examiners came around, and they had questions: Stung by criticism that it was “asleep at the wheel” as Silicon Valley Bank’s troubles mounted, the Fed has now sent warnings to a slew of midsize lenders.
On today’s podcast episode, we discuss the challenges the credit card industry is looking at over the next year. • In our “Headlines” segment, we focus on an Insider Intelligence article published at the end of August about Macy’s private label credit card sales and consider if it’s a harbinger of problems in the credit card industry overall. • In “Story by Numbers,” we center the conversation on what will happen to consumer credit card spending if—or when—there’s a recession. • And in “For Argument’s Sake,” we take up sides to discuss whether there will or will not be a recession, which is a critical issue for the credit card industry. Tune in to the discussion with host Rob Rubin and our analyst David Morris.
Looks like it will get worse before it gets Better: In a tough environment for new listings and one of the worst markets for mortgages in a generation, the online mortgage lender’s stock tanked by more than 90% at its IPO.
Citi’s checking account revamp creates ‘relationship tiers’: Its strategy could boost referrals to its wealth management business, which is still scrambling to gain traction.
The service lets companies create and push virtual cards to their employees’ mobile wallets
Best Buy warned that rising net credit losses could become a problem if the financial health of the consumer deteriorates in the coming quarters
The deal is part of Trustly’s strategy to expand into open banking payments in Europe as the payment method’s use explodes
Just as foretold, regulators raise long-term debt requirements for regional banks: To protect depositors in the event of a failure and bolster larger depositors’ confidence in these banks, they’ve also effectively been deemed “too big to fail.”
MetLife adds digitized help for bereaved families to its claims services: The Empathy app will offer personalized, step-by-step guidance for settling estates as well as access to emotional support.
Rate hikes prompt consumers to shop for new auto insurance: But the increases haven’t kept pace with the rising cost of parts and labor, as insurers’ balance sheets show.
Banks and fintechs look to insurance to boost profitability and customer loyalty: A survey finds financial executives think that offerings embedded in websites and apps are becoming a must-have, rather than a nice-to-have.
Ways to make financial wellness marketing pay off: Getting customers to use the materials and tools they claim they want is a challenge. Here are four tips to improve their engagement.