July 27, 2023
Mastercard: Click to Pay Transactions Surge 70% Over Last Year’s...
New payment flows and Click to Pay transactions surged for Mastercard in the second quarter of 2023 as consumers and businesses continued to turn to digital channels as their spending remained buoyant. Earnings materials from...
July 27, 2023
Affirm Lets Cathay Pacific Travelers ‘Pay Over Time’
Hong Kong-based airline Cathay Pacific has chosen Affirm as its U.S. “pay-over-time” partner. The partnership, announced Thursday (July 27), lets the air carrier’s customers use Affirm’s buy now, pay later (BNPL) offering to purchase tickets and...
July 27, 2023
Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into...
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to...
July 26, 2023
The Digital Economy Touches Twice as Many High-Income Earners as...
Effects of the pandemic continue to be felt, and one area of marked change is in the use of the digitally connected economy, which is not as evenly distributed yet...
July 26, 2023
Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
The Federal Reserve is planning another rate hike aimed at slowing inflation. But a report Wednesday (July 26) by The New York Times notes that some observers are watching a threat to...
July 26, 2023
LVMH Reports Unexpected Slowdown
During the second quarter of 2023, LVMH’s portfolio brand Loewe secured the top spot on Lyst Index — a quarterly report that considers Lyst shoppers’ behavior, which includes searches on and...
July 26, 2023
Walmart Counters Amazon’s Travel Offering With Expedia Partnership
Walmart is working with Expedia to offer Walmart+ members deals on travel. The partnership, announced Tuesday (July 25), lets members book trips via the WalmartPlusTravel website and get discounts on hotels, car rentals and vacation...
July 25, 2023
Visa Direct Transactions Soar 20% as P2P and B2B Use...
Visa’s fiscal third-quarter results show traction in new payment flows and management pointed toward resilient customer spending. The payment networks’ most recent results show that overall payments volumes gained 9% during the...
July 25, 2023
Consumers Confident but Student Loan Repayments May Pinch Holiday Spending
Consumer confidence is high. The payments networks are about to report earnings, and banks have already pointed to some resilience, although spending is slowing. Uneven retail sales data gives some...
