Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Cards Coin,...
Funding Circle, a U.K.-based peer-to-peer loans platform that lets small businesses connect with individuals for funding, has acquired U.S.-based stealth startup LeapPay to speed up its ability to approve loans, according to according to TechCrunch. The price of the acquisition wasn’t made public. But Funding...
American Express and Discover tied for the top spot in J.D. Power’s annual U.S. Credit Card Satisfaction Study, American Banker reported on Thursday (Aug. 28). JPMorgan Chase finished third, with Barclays, U.S. Bancorp, Wells Fargo, Bank of America, Capital One Financial, Citigroup and GE Capital...
Even though the official end of Summer isn’t for another few weeks, the impending turn of the calendar pages from August to September sure signals that summer is over . If that isn’t enough, the signs of Fall are also in great abundance: kids are...
JPMorgan Chase is eliminating cash-back checks from its rewards program for Chase Sapphire, Chase Freedom and Ink credit card customers, according to American Banker. Chase informed customers last week that, starting in November, they can no longer receive cash rewards for its Ultimate Rewards Program...
Earlier this week, the National Retail Federation reported that July retail sales, excluding automobiles, gas stations and restaurants, were flat, growing just 0.1 percent from June. Similarly, consumer confidence, which had been on a steady climb, remained stable from June to July. In a separate...
Amazon on Wednesday (Aug. 13) introduced its own mPOS package—to be called Amazon Local Register—and focused on the tune it knows that SMB retailers want to hear: lower merchant fees than Square and PayPal Here. Amazon is in an awkward position, in that it is seen as...
Condé Nast’s Epicurious is making its second big iBeacon push of 2014. Swirl—the business behind Hudson’s and Lord and Taylor’s recent iBeacon upgrades—will now beam location aware notifications to those with the Epicurious app already installed on their phone via its already existing network of retailers’ beacons....
Executives always want to know where a particular trend—especially a payment type—will be many years in the future. But it takes a steel-willed employee to push back, pointing out that the number of variables are so many that any projection beyond 2-3 years is utterly...
