The goal of the Consumer Financial Protection Bureau’s final rule on data sharing unveiled Tuesday (Oct. 22) is to promote competition and, by extension, financial services innovation. But a deeper reading of the rule itself reveals that for banks, compliance with the rule has a...
Walmart has begun rolling out same-day delivery of prescription medications. The company launched this offering in six states and plans to expand it to 49 states by the end of 2025, Walmart said in a Tuesday (Oct. 22) press release. This Pharmacy Delivery service is...
Big Tech defined an era of innovation by moving fast and breaking things. However, while speed is great for money movement, breaking things can be disastrous for the payments and financial services sector. For financial institutions (FIs) and their FinTech partners aiming to innovate cross-border...
In a world where first impressions are often shaped by digital interactions, SEEN is redefining what it means to be “seen” in the beauty industry. By prioritizing both hair health and skin safety, the brand says it is addressing growing consumer demand for products that...
The Consumer Financial Protection Bureau (CFPB) swung for the fences this morning (October 22) as it issued the final version of its long-awaited Rule 1033 on personal financial data rights. As expected, the rule will mark a significant step toward open banking in the United States....
The promise of embedded payments — and the march toward embedded everything — says that commerce and money movement is seamless and intuitive. In the continuing conversations within the “What’s Next in Payments” series, exploring the rise of embedded finance, Doug Brown, chief product officer...
The only thing bigger than the agriculture sector’s contribution to daily sustenance could be its reliance on paper payments. In 2023, agriculture, food and related industries contributed a staggering $1.5 trillion to the U.S. GDP, representing about 5.6% of the total economy. Despite this major...
Poshmark will return to its original fee structure three weeks after introducing a new one that aimed to balance fees between sellers and shoppers. The short-lived fee structure that was implemented Oct. 3 lowered fees for sellers but raised them for buyers. “We made the...
With office spaces sitting empty and real estate markets in flux, artificial intelligence is transforming how buildings are managed and how investors forecast trends. Observers say AI improves commercial real estate management by monitoring office use and forecasting maintenance requirements. It offers more efficient approaches...
