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CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers
CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers
December 12, 2024  |  Consumer Finance

The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. But the Consumer Financial Protection Bureau’s (CFPB)...

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AWS and TSYS Say Financial Services’ Shift to the Cloud Includes Responsible Innovation
AWS and TSYS Say Financial Services’ Shift to the Cloud Includes Responsible Innovation
December 12, 2024  |  Innovation

It seems like everything is moving to the cloud — from data to infrastructure — as companies seek to cut costs and scale their operations....

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Retail’s Digital Transformation: On-Demand Working Capital Powers Expansion
Retail’s Digital Transformation: On-Demand Working Capital Powers Expansion
December 12, 2024  |  Retail

Retailers face the daunting challenges of managing inventory, staff, storage, shelf space — and, in most cases, a digital storefront — all while gauging consumer...

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56% of CFOs Say Virtual Cards Are Key for Managing Financial Flexibility
56% of CFOs Say Virtual Cards Are Key for Managing Financial Flexibility
December 12, 2024  |  Commercial Payments

Middle-market companies are turning to virtual credit cards to manage working capital more effectively. Offering the same flexibility as traditional credit cards, but with enhanced...

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Macy’s Strategy Shows Promise With Focus on Omnichannel Shoppers
Macy’s Strategy Shows Promise With Focus on Omnichannel Shoppers
December 11, 2024  |  Earnings

Will Macy’s Bold New Chapter strategy be enough to save the iconic company and return it to profitable growth? Macy’s is facing a challenging period...

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Grocery and Shelter Costs Rise in November, Straining Consumer Budgets
Grocery and Shelter Costs Rise in November, Straining Consumer Budgets
December 11, 2024  |  Economy

The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported...

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Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024  |  Regulation

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the...

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Why Payment Choice Can Make or Break Retail’s Holiday Season
Why Payment Choice Can Make or Break Retail’s Holiday Season
December 11, 2024  |  Payment Methods

There are more than a few factors tied to success during the holiday season. To put it mildly, the season is as much about stress...

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43% of Consumers Choose Retailers Based on Preferred Financing Options
43% of Consumers Choose Retailers Based on Preferred Financing Options
December 11, 2024  |  Buy Now Pay Later

During the holiday season, consumer spending is impacted by the availability and visibility of financing options, such as Buy Now, Pay Later (BNPL) plans. A...

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