British shoppers risk starting the New Year with a debt time-bomb after spending a record £3.4 billion using the buy now, pay later (BNPL) type of credit over the festive period. New figures showed that more consumers than ever have turned to the unregulated form of credit to fund Christmas this year. Despite Labour’s vow […]
Elon Musk has never been one to shy away from bold ventures, and his latest ambition might just blur the lines between social media and banking. With his recent appointment as the Minister of Government Efficiency in a prospective Trump administration, Musk appears poised to leverage his influence and experience to transform X—formerly known as […]
Michigan made is something to be proud of, but with a new administration coming into play at the White House next year questions about the financial outlook for 2025 continue to pop up. This comes as President Elect Donald Trump Tariff policy continues to loom over the economic future of the country. Trump announced back […]
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%. “Mortgage rates increased for the […]
The Mega Millions’ estimated $1.22 billion jackpot was won in Friday night’s drawing, with the winning ticket purchased in California. The winning numbers drawn on Tuesday were 3, 7, 37, 49, 55 with a gold Mega Ball of 6. The Megaplier was 3X. The grand prize in Friday’s drawing was the fifth-largest prize in the […]
Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track” to reach a record, between $979.5 billion and $989 […]
Mastercard has announced a partnership with Dgpays, a financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across Eastern Europe, the Middle East, and Africa (EEMEA). As part of the partnership, Mastercard and Dgpays will co-develop advanced payment technologies and loyalty solutions tailored to the unique needs of markets […]
The onchain payments facility comes from Flexa, a company which builds commerce tools to make it easy for companies of all sizes, from small businesses to mainstream retailers, to accept crypto. To promote the offering, Regal will offer US moviegoers a 10% discount on tickets and concessions when they pay onchain in person with USDC […]
It’s great to get a gift. What’s even better? Exchanging that gift for one that fits better or something you actually wanted. As the annual holiday gift exchanges wind down, it’s time for the second round of exchanges – the returning of gifts to stores or online retailers for something else. Of course, this happens […]
Apple shares edged higher in early Thursday trading as a longtime bull on the stock suggests its march to a $4 trillion valuation “is still being underestimated by” Wall Street. Apple (AAPL) shares have risen nearly 10% over the past month, and have added more than $720 billion in market value since their early-August trough, […]
Holiday shopping is wrapping up and if you realize you accidentally bought your son the wrong color race car, you might be looking to return or exchange the item. But how do you do this if you used a Buy Now Pay Later plan? In most cases, you’ll be able to initiate a return the […]
Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Considering the speed that technology is evolving, the alternative of standing still isn’t an option. How can banks cross the threshold into a digital future to enhance experiences, […]
