Bank payment company GoCardless has extended its partnership with Intuit QuickBooks by launching apps in the US and Australia Leading payments company GoCardless has expanded its partnership with Intuit QuickBooks by introducing a GoCardless app in the Intuit QuickBooks Marketplace in both the US and Australia. Launching two new apps in these regions will enable 225,000 QuickBooks […]
As Tesla gears up to report what will likely be unimpressive financial results for the first quarter on Tuesday, the company is making more moves to go “balls to the wall for autonomy,” as CEO Elon Musk put it last week in a post on X. Over the weekend, Tesla dropped the price of its […]
Kroger and Albertsons said Monday the two companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators’ concerns about the impact of their proposed $25 billion merger on competition. An additional 166 Kroger and Albertsons stores will be sold to C&S as part of an updated divestiture […]
Fintech StoneX Financial partners with NatWest to enhance the UK bank’s global payments capabilities and provide clients better cross-border FX services The payments division of StoneX Group, StoneX Financial, has partnered with NatWest to supply it with third-party delivery and international FX payments services, enabling the bank’s corporate clients to transfer money internationally with ease. […]
Stock futures pushed higher Monday as Wall Street looks to find its footing following a steep sell off for tech companies. Futures the S&P 500 rose 0.4%. Nasdaq 100 futures gained 0.5%, while those for the Dow Jones Industrial Average added 158 points, or 0.4%. The S&P 500 and Nasdaq Composite fell 3.05% and 5.52% last week, and are each on six day losing streaks. […]
Tracing the Origins of Card Payments Card payments are on a path of tremendous growth: in 2022, global card networks processed a whopping 624 billion transactions, marking a growth of 7.5% compared to 2021. Today, payment cards reign supreme as the preferred method for in-store purchases worldwide, accounting for over 50% of all transactions, and cash is […]
Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. U.S. EV giant Tesla cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan, as reported by Reuters. […]
When PayPal recently announced that its cross-border money transfer platform, Xoom, would now support the PayPal USD (PYUSD) stablecoin, reactions were largely muted. While PayPal’s history with crypto has been somewhat shaky, it’s clear that the company is taking deliberate steps to fuel cryptocurrency adoption. PYUSD is a stablecoin that is based on the U.S. dollar, and […]
Over the past few years, there has been a consistent campaign to lower the fees credit card companies charge merchants. That campaign scored a victory with the recent $30 billion settlement that Visa and Mastercard agreed to pay retailers. Because rewards cards like airline miles cards generally charge higher processing fees, they have become the […]
If a credit card number gets stolen and used for unauthorized purchases, the expectation is for the bank to make things right. But in the case of wire transfer fraud draining a bank account, victims may not receive the protection they expect. Criminals commit transfer fraud by obtaining valid transfer codes, often through deception or […]
The Federal Reserve chairman this week doused any hope homebuyers had that mortgage rates would soften anytime soon. Instead, rates jumped above 7% after Jerome Powell said inflation was taking longer to come down to the Fed’s intended target, a sign that any rate cuts investors were betting on may not arrive soon this year […]
American Express’s first-quarter profit vaulted past estimates on Friday thanks to its affluent customers, and the company is looking to broaden its appeal among small businesses, the details for which are expected to be laid out at its investor day. The credit card lender’s high-income clientele has shielded it from a turbulent economic landscape that […]
