Retailers Trim Sales Forecasts Large retailers including Target, Walmart and Kohls are increasing sales at slower rates than they did at the height of the pandemic. Rising rates of inflation...
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Square Continues To Integrate Afterpay Millions of in-person sellers in the U.S. and Australia that use point-of-sale software Square can now offer shoppers the option to use Afterpay. To use...
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Truist Buys Gamified FinTech Long Game The seventh-largest bank in the nation, Truist, purchased a mobile app—Long Game—that rewards users for saving money. Launched in 2015, Long Game had 12...
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Americans Are Spending Like It's 2019 After a two-year decline, consumers in America are spending at levels that rival those of 2019, right before the pandemic hit. DCA Insight: Gym...
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AI Helps FinTech Firms Reach More Borrowers Fintech lenders including Pentadata Inc., OppFi Inc. and LoanSnap are helping traditionally underserved borrowers get loans. These companies feed a wider range of...
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Plaid Founders Buy Bank The co-founders of data network Plaid have purchased Northern California National Bank. The newly acquired one-location FI has been renamed Column and it will manage Plaid’s...
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Banks Consider Zelle as Card Alternative A group of banks that own money transfer service Zelle are contemplating promoting the payment option, which competes with card networks Visa and Mastercard....
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Farfetch Invests $200 Million Into Neiman Marcus Online luxury retail platform Farfetch Ltd. is investing in Neiman Marcus. The investment will enable the luxury retailer to expand its brands overseas...
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Russia's Financial System Western economic sanctions disrupted Russia’s financial system, with one exception, the WSJ reported. Russian consumers continued to use their Mastercard and Visa cards, even though these two...
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Fast Casual Chain Offers Bitcoin Rewards Shake Shack is offering cryptocurrency as a customer reward. Consumers get 15% back on any purchase made with Cash Card, a debit card available...
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