The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Shares in SoFi soared 28.1.%. As has been widely reported, as part of the agreement on Capitol Hill...
Business travel is making a comeback and Uber is capitalizing on the trend with new products and features designed to make the journey smoother, more comfortable, and more efficient for business travelers. In a press release posted Thursday (June 1), Susan Anderson, global head of Uber...
J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported Thursday (June 1). They will be offered six-month transition assignments and will then be able to apply for other roles...
Dapi and Mastercard have partnered to provide account-to-account (A2A) payments in the United Arab Emirates (UAE). With this strategic partnership, Dapi, a UAE-based FinTech company, will launch A2A payments on Mastercard Payment Gateway Services (MPGS), the companies said in a Thursday (June 1) press release. “This is a significant milestone...
Instacart is working with discount grocer Aldi on 30-minute delivery of convenience store goods, a move that could boost the grocery aggregator’s competitive position in the category relative to competitors in the space such as DoorDash and Uber Eats. The eGrocery marketplace on Thursday (June...
The Consumer Financial Protection Bureau (CFPB) has advised consumers to transfer money stored on payment apps to insured banks and credit unions. “Your money is at greater risk when you hold it in a payment app, instead of moving it to an account with deposit insurance,” the...
Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor....
As many brands race to become as digitally available as possible, Trader Joe’s is going the opposite route, leaning into its lack of eCommerce presence to set the shopping experience apart. On a recent episode of the grocery chain’s podcast, Inside Trader Joe’s, the company spoke...
Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen customers to payout acquired funds in the preferred method of their affiliated users or partners up to three days faster....
