Goldman’s Swati Bhatia Retires as Consumer Banking Leader
Goldman’s Swati Bhatia Retires as Consumer Banking Leader
January 04, 2023  |  Personnel

The head of Goldman Sachs’ consumer banking business is stepping down. Swati Bhatia, a former PayPal and Stripe executive who joined Goldman in February 2021,...

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Airlines’ Descent Into Logistical Chaos Puts Focus on Refund Solutions
Airlines’ Descent Into Logistical Chaos Puts Focus on Refund Solutions
January 04, 2023  |  Disbursements

After years of disruptions, airlines still haven’t gotten the “hassle-free” part of refunds right. While the pandemic battered the travel industry as a whole, airlines...

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Study: Online Sales Growth Chugs on Despite Gloomy Forecasts
Study: Online Sales Growth Chugs on Despite Gloomy Forecasts
January 04, 2023  |  Retail

A roaring return to brick-and-mortar shopping and pullbacks in some eCommerce categories gives the impression that online sales are down. They’re not. While 2022 did...

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China OKs Ant Group Consumer Finance Expansion
China OKs Ant Group Consumer Finance Expansion
January 04, 2023  |  International

Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an...

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Report: Target Faces Sustained Weakness and Declining Traffic
Report: Target Faces Sustained Weakness and Declining Traffic
January 04, 2023  |  Retail

Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges. This, as Edward Kelly,...

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Restaurants Redefine Delivery Strategies as Growth Slows
Restaurants Redefine Delivery Strategies as Growth Slows
January 04, 2023  |  Delivery

Restaurants could have an opportunity to edge out third-party aggregators for food delivery. The PYMNTS “12 Months of the ConnectedEconomy™” report examined the digital engagement of...

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US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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No Cash Equals No Bank Robberies in Denmark
No Cash Equals No Bank Robberies in Denmark
January 04, 2023  |  Cash

Denmark recorded zero bank robberies in 2022 as it continued moving towards a cashless economy. Robbers in the Scandinavian country have moved away from bank...

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New Map Shows Real-Time Payments Progress in 2023
New Map Shows Real-Time Payments Progress in 2023
January 04, 2023  |  Faster Payments

Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was...

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