Interac Says Small Innovations Will Bring Outsized Digital Payments Benefit
Interac Says Small Innovations Will Bring Outsized Digital Payments Benefit
February 16, 2023  |  Opinion

Market disruptions, innovations and collaborations will continue to challenge traditional payment methods, Interac AVP Anurag Kar writes in the new PYMNTS eBook, “2023 Payments New...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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Bank of America and JPMorgan Chase Report Rising Delinquencies
Bank of America and JPMorgan Chase Report Rising Delinquencies
February 15, 2023  |  Credit Cards

The two largest banks in the U.S. have reported rising delinquency rates on their credit cards. Both Bank of America and JPMorgan Chase said in...

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Chicago Fed’s Austan Goolsbee May Replace Lael Brainard as Fed Vice Chair
Chicago Fed’s Austan Goolsbee May Replace Lael Brainard as Fed Vice Chair
February 15, 2023  |  Personnel

Austan Goolsbee is reportedly being considered as the next vice chair of the Federal Reserve. Goolsbee, who was named president of the Federal Reserve Bank...

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Instagram Ending Live Shopping as It Shifts to Other Experiences
Instagram Ending Live Shopping as It Shifts to Other Experiences
February 15, 2023  |  Shopping

Instagram will stop offering its users live shopping on March 16. Parent company Meta said in a post on the Instagram help center that while...

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Plaid and Okta Partner on Secure Connections for Open Finance
Plaid and Okta Partner on Secure Connections for Open Finance
February 15, 2023  |  Security & Fraud

Plaid and Okta have partnered to help financial institutions offer open finance more securely. By combining Plaid’s data network that connects financial accounts to apps...

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Shopify’s Offline Volume Surges 40% as Shoppers Return to Stores
Shopify’s Offline Volume Surges 40% as Shoppers Return to Stores
February 15, 2023  |  eCommerce

Shopify sees slowing growth ahead after logging double-digit gains in gross merchandise value (GMV) and revenues. Inflation is a headwind, management said, even as consumers...

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OpenEyes Raises $18M for Commercial Auto Insurance Solution
OpenEyes Raises $18M for Commercial Auto Insurance Solution
February 15, 2023  |  Insurance

InsurTech OpenEyes has emerged from stealth with an $18 million Series A round. This brings to $23 million the amount the firm has raised for...

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Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
February 15, 2023  |  Personal Loans

For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is...

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