The earnings avalanche continues. The FinTech 100 Index gained 5.2% in a week that saw most names rocket higher. Expensify surged 30% higher. The company said this past week that fourth-quarter revenues came in at $35.2 million, average paid members numbered 719,000 and net interchange stood at a...
Amid ongoing consumer belt-tightening, The RealReal is seeing personalized messaging go a long way toward incentivizing spending. John Koryl, CEO of the luxury resale marketplace, shared on a call with analysts Thursday (Feb. 29), discussing the company’s fourth quarter and full year 2023 financial results, that personalized...
In 2020, the G20 leaders endorsed a roadmap to improve cross-border payments experiences and infrastructure. The goal was to make cross-border payments cheaper, faster, more transparent, and accessible by 2027 — and now, we are about halfway through that time horizon. In a sign of progress, the...
The Consumer Financial Protection Bureau (CFPB) is working to crack down on companies that operate comparison-shopping tools for financial products and manipulate the results. The CFPB issued a circular to law enforcement agencies and regulators that explains how these companies can break the law when they accept kickbacks and...
In an era where convenience is king and security is paramount, a payment option that requires nothing more than a simple scan of one’s palm seems like the ideal solution. No fumbling for cards, no unlocking your phone — just a swift, seamless transaction that...
With the emergence of omnichannel shopping reshaping consumers’ expectations of brick-and-mortar stores, Best Buy is reconceptualizing its physical spaces. On a call with analysts Thursday (Feb. 29) discussing the consumer electronics retail giant’s fourth-quarter fiscal 2024 earnings results, CEO Corie Barry explained that with consumers no longer solely dependent on stores...
U.S. health providers are facing financial catastrophe following a week-long cyberattack on Change Healthcare. The ransomware attack has even left some smaller providers running short on cash, Reuters reported Thursday (Feb. 29). Larger hospital chains are blocked from processing payments, with some forced to absorb the upfront costs,...
OpenAI CEO Sam Altman is reportedly under scrutiny as part of an investigation by the Securities and Exchange Commission into whether his company misled investors as part of its November boardroom scuffle. The tête-à-tête saw Altman accused of not being “consistently candid in his communications with the board” and misrepresenting the...
Xero, a global small business platform, will enhance its accounts payable (AP) capabilities for its U.S. customers through a new partnership with BILL, a financial operations platform for small and medium-sized businesses (SMBs). This partnership will bring a bill pay solution from BILL directly into...
