As prices go up, people are cutting back on things they don’t really need. Retailers can keep customers spending by offering attractive perks through memberships. In simple terms, with the right mix of rewards and exclusivity, smart retailers can make people see their spending as...
Apex FinTech has reportedly filed confidentially for an initial public offering (IPO). The Dallas-based clearing company had planned to go public through a special purpose acquisition company (SPAC) merger in 2021, but that $4.7 billion deal fell through. The planned IPO was the subject of...
I have perfected the art of multitasking. Thanks to my mobile devices, the internet, apps and embedded payments, I can book airline tickets while waiting for a Zoom call to start, shop for holiday gifts while in the back of an Uber on the way...
Can instant payments transform transactions from waiting games to a real-time revolution? “There’s a certain expectation that instant payments means instant gratification,” Shaunt Sarkissian, founder and CEO at AI-ID, tells PYMNTS for our series: “What’s Next in Payments – Instant Payments: What will Turbocharge Instant Payments Growth in...
Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS that the future looks bright for faster payments here in the United States — and globally. Instant options, he said — during a conversation held as part of the “What’s Next in...
Account-to-account (A2A) payments do just what the name implies: transfer funds between bank accounts in near real time. These payments have gained traction in recent years — used by 36% of consumers in the past quarter — but have yet to fully disrupt the wider...
A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three possible rate cuts next year. To that end, the CE 100 Index was swept up in the optimism and was...
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management of these platforms to guard against misappropriation of funds and financial crimes, Reuters reported Sunday (Dec. 17)....
Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in account transfers since Oct. 23, the day it began offering a 1% match on transferred brokerage accounts, the company told...
