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...
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...
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...
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...
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...
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...
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....
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...
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...
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...