The prevailing trend that has emerged from recent earnings reports is retailers’ emphasis on prioritizing core products, core customers and customer loyalty. Although not entirely new, these three elements underscore another year of “survival of the fittest.” Solo Brands, an outdoor lifestyle-focused company, is embracing...
Germany’s Finanzguru is $14 million richer after a new PayPal Ventures-led funding round. The Frankfurt-based financial advice/banking app announced the funding — co-led by SCOR Ventures — on Tuesday (April 4), saying it would use the money to expand its platform and “significantly” add to...
The old maxim says the more things change, the more they stay the same. The payments industry may have disproved that wisdom, at least in part, as world-shaking events keep pushing digital commerce in new directions from which there is no going back, nor a...
Brands typically struggle to engage two key audiences: affluent consumers who are cash rich, time poor, and Gen Zs, who have a short attention span due to the endless stream of social media content they are exposed to. As a result, these two groups of...
Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this July when Federal Reserve launches its long-awaited payments service, FedNow Service. When FedNow goes live,...
The bank runs are still fresh in our collective consciousness. But for the community banks, the scramble to get deposits out seems to have abated. And therein lies an opportunity for these smaller financial institutions (FIs) to reassure customers, to spur them to take stock...
The Consumer Financial Protection Bureau is reminding lenders of its 13-year-old rule against “abusive” conduct. The CFPB issued a policy statement Monday (April 3) explaining its prohibition against abusive conduct in consumer financial market, created in 2010 in response to the Wall Street meltdown two...
PayPal has joined forces with Live Nation to become Ticketmaster’s preferred payments partner. “Our goal is to seamlessly connect artists and event organizers with fans wherever they are in the world, and PayPal helps us take that to the next level with a truly global-reaching payments solution,” Ticketmaster President Mark Yovich said...
For FinTechs, the key to keeping customers lies with speed and ease, especially for money mobility. Mobility refers to money in and money out — the ebb and flow of funds between accounts. And that money can include everything from peer-to-peer (P2P) payments to money...
