May 09, 2024
EarnUp Unveils Text-to-Pay for Mortgage Payments
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company...
May 09, 2024
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
This paper delves into the intricate nature of ecosystem openness, underscoring the point that openness of ecosystems must be understood more as a spectrum than a mere binary state. We...
May 09, 2024
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
A consortium representing major audio streaming platforms such as Spotify and Deezer in Europe has vehemently opposed Apple’s recent proposal aimed at addressing antitrust concerns raised by the European Commission...
May 07, 2024
For 23% of Gen X Consumers, Paying Down Debt Is...
As the title of PYMNTS Intelligence’s most recent New Reality Check report, “The Paycheck-to-Paycheck Report: Why 60 Percent of Gen Z’s Live Paycheck to Paycheck,” makes clear, it’s tough out...
May 07, 2024
Pandora: Young Shoppers Take Shine to Lab-Grown Diamonds
Pandora’s abandonment of mined diamonds has apparently not hindered its standing with younger consumers. Speaking to the Financial Times (FT) Tuesday (May 7), Alexander Lacik, CEO of the mass-market jeweler, said younger...
May 07, 2024
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that...
May 07, 2024
Consumers View Embedded Lending as Option to Pay Everyday Essential...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at least...
May 07, 2024
Is Apple at Risk of Becoming the Next IBM?
Sixty-three years ago this month, the world’s first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.” The gamechanger was its computational processing...
May 06, 2024
Sam Ash Closes Stores as Musicians Turn to Amazon
As Amazon gains share in hobby retail categories, specialty retailers such as Sam Ash are taking a hit. The music retailer announced Thursday (May 2) that it is closing all its stores. “It is with a...
