It’s increasingly common for consumers to pay at the point of sale using Apple Pay or Google Pay. This transaction is made possible by two emerging payments technologies: contactless payments and digital wallets. If a customer has integrated a buy now, pay later option into their digital wallet, that single transaction could include three payments […]
HOUSTON – Imagine you’re at the checkout line, ready to pay for your groceries, when you realize—you’ve left your card at home. Sounds like a hassle, right? Well, those days are coming to an end as one of Texas’ favorite grocers goes digital! H-E-B is rolling out its long-awaited tap-to-pay services across all its stores. […]
The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield was up more than 4 basis points to 4.024%, its highest since early August and a big turnaround […]
A US federal judge has ruled that Google must allow Android apps made by rival technology firms onto its Google Play app store for three years starting next month. The change was among several remedies ordered by Judge James Donato in a case brought against Google by Epic Games, the maker of the hit video […]
Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. U.S. Treasury yields touched two-month highs, extending their rise after the closely watched non-farm payrolls report on Friday showed the […]
If you’ve shopped online or in stores recently, you’ve likely encountered the ‘buy now, pay later’ (BNPL) option, tempting you to split your payment into smaller installments. BNPL is projected to grow 12.3% year-over-year in 2024. It’s not surprising — if you’re on a tight budget, paying for your purchases over time can seem like a great plan. These […]
Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter. The activist’s exact plans could not be learned, but Starboard has approached former Pfizer CEO Ian Read and ex-finance chief Frank D’Amelio, both of whom have expressed interest in […]
HSBC and Tradeshift have launched SemFi, a new platform offering seamless embedded finance solutions to businesses on e-commerce platform HSBC has unveiled SemFi by HSBC, a new venture designed to revolutionise how businesses handle finance. A joint effort with global B2B trade network Tradeshift, SemFi aims to deliver seamless embedded finance solutions to companies across […]
The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation M) rules. In 2025, these rules generally will apply to consumer credit transactions and consumer leases of $71,900 or less, the regulators said in a Friday (Oct. 4) press release. The agencies must adjust these thresholds each year based […]
There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households. The big banks have lost at least some share to neobanks — FinTechs that have been able to carve out a niche serving households earning roughly $50,000 or less. Digital […]
Toy manufacturer LEGO Group has reportedly removed a “LEGO Coin” token scam that briefly appeared on its homepage after being hacked on Oct. 5, reports state. X user and LEGO enthusiast “ZTBricks” was among the first to spot the scam, which promised “secret rewards” to those who bought LEGO Coin, several screenshots on X show: “Our new […]
September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to a soft landing. If that sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns that are straining consumers’ wallets. A gravity-defying jobs […]
