For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning. More than a thousand disgruntled customers registered problems on the DownDetector site, beginning at around 7:00am, with 67% citing mobile banking as the issue and 20% funds […]
Riyadh, Saudi Arabia – In a significant move to enhance the travel experience for its passengers, Riyadh Air, Saudi Arabia’s pioneering digital-native airline, has announced a groundbreaking partnership with noon Payments, a subsidiary of the Public Investment Fund (PIF) and part of the noon Group. This collaboration aims to revolutionize the airline’s payment processes by […]
Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September. On a three-month annualized basis, the Federal Reserve’s preferred measure of underlying US inflation advanced 1.7% in July, the slowest this year. In Europe, consumer prices rose 2.2% in August from a year ago […]
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same […]
The service is initally being rolled out as a pilot with some of the India’s largest payments players, including payment aggregators such as Juspay, Razorpay and PayU, online merchants such as bigbasket and leading banks such as Axis Bank. Payment passkeys are a response to rising fraud levels in the use of one-time passwords (OTP), […]
Allica – which has been steadily expanding its commercial finance offering for its established business customers – will integrate Tuscan’s team, tapping into its bridging expertise and broker network. Allica has hired Justin Trowse, previously director of structured property finance at LendInvest, to spearhead its move into bridging. The lender plans to further extend its […]
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same […]
Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday. The investment bank reinstated performance-related job cuts in 2022 after halting it for two years due to the COVID-19 pandemic. “Our annual talent reviews […]
Over 40% of consumers in Tier 3 to 6 cities and towns of the country are using digital payment services on a daily basis. Also, over 45% of consumers are using digital payment services once every alternate day, according to a report by Chase India. The report titled ‘The State of Digital Payments in India’ […]
In today’s business environment, effective payment methods are essential. Outdated payment systems can create cash flow challenges, while digital payments offer streamlined processing, enhanced operational efficiency and improved customer experience. The PYMNTS Intelligence report “Getting Paid: Digital Payments for Improving Cash Flow and Customer Experience” examined how digital payments are reshaping accounts receivable (AR), offering insights into reducing days sales […]
Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading. Here’s how the company did for the fiscal second quarter vs. LSEG consensus estimates: Revenue: $25.06 billion vs. $24.53 billion expected EPS: $1.89 adjusted, vs. $1.71 expected Net income […]
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020. Comparable sales for the […]
