PYMNTS

Credit-building platform Firstcard is expanding its focus from college students into new markets. The company announced Thursday (Aug. 8) that it had extended its services to immigrants, international students, expats, non-U.S. citizens, and people with low credit scores. “These underserved communities often face significant barriers in accessing credit cards and...

Firstcard Expands Credit-Building Platform to More Consumers

There is strong demand for metal payment cards as issuers work to attract and retain premium card customers, CompoSecure said Wednesday (Aug. 7). The provider of metal payment cards, security and authentication solutions added several new programs involving its metal cards during the second quarter, CompoSecure President and CEO Jon Wilk said Wednesday during the company’s second-quarter 2024 earnings call.

CompoSecure: Issuers Adopt Metal Payment Cards to Attract Premium Customers

It has been widely reported that funding of private firms has been moribund for the past couple of years. There have been a few bright spots but overall, investment has not returned to the robust level seen in recent years. A report distributed today, indicates solid optimism for the Fintech industry as 91% of Fintech insiders anticipate investment will return in the next 12 months.

Fintech Funding: Insiders Expect Investment to Return in Next 12 Months

As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL) services presents both a threat and an opportunity for banks striving to regain a foothold in a market shifting toward digital convenience. A PYMNTS Intelligence...

Banks Eye BNPL as Way to Reach Gen Z

For Intellicheck, the hallmarks of the second quarter are that retail verticals and customers are pressured — but diversification efforts are paying off, and will pay off, over the longer term. On Thursday (Aug. 8), the company posted its latest earnings results that showed total revenues were down 0.9%...

Intellicheck: Retail May Be Pressured, but Identity Fraud ‘Isn’t Going Away’

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

Wells Fargo has appointed Bridget Engle as senior executive vice president and head of technology, reporting to CEO Charlie Scharf. Joining the company’s operating committee on 12 August, Engle will be responsible for all technology across the company. She brings more than 30 years of experience leading technology transformations...

Wells Fargo selects Engle to head technology

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Port Richey, FL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

For more than 160 years, Macy's has been much more than a department store. It's a cornerstone of American shopping, with generations eager to buy everything from back-to-school clothes to holiday gifts. But now it is a surprise that the store has been forced to close, leaving millions to wonder how such a powerful and fast-moving brand could be defeated. Macy's, the US retail giant, now faces a difficult future. Signs of trouble have been showing for several years, including declining traffic, aging stores, and an inability to keep up with a fast-paced retail environment. However, experts say the real story is corporate mismanagement, intense competition, and a lack of innovation.

The Fall of Macy's: Inside the Collapse of America's Largest Merchant

Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability have called attention to these deposits and possible changes to how they’re held at banks. Regulators seem on the...

FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits

As consumers across income groups feel economic pressure, luxury secondhand marketplace The RealReal is seeing its customers continue to spend but demand more value for their dollar. The company shared in its second-quarter 2024 earnings results Tuesday (Aug. 6) that active buyers increased by 9% year over year to 381,000,...

The RealReal: Luxury Resale Shoppers Demand More Bang for Their Buck

A federal judge Wednesday ordered crypto firm Ripple to pay slightly more than $125 million in penalties for improperly selling its XRP token to institutional investors. The total was far below the nearly $2 billion the Securities and Exchange Commission sought, but also well above the $10 million ceiling Ripple argued for in an April court filing.

Ripple to pay $125M penalty in XRP case against SEC

The Motley Fool

Constructing a portfolio that is built to last requires investing in quality companies, purposeful allocation, and diversification.

All It Takes Is $10,000 Invested in Coca-Cola and Each of These 2 Dividend Kings to Generate Over $1,000 in Passive Income per Year

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan Chase disclosed the CFPB’s investigation of the peer-to-peer (P2P) payment app on Friday (Aug. 2) in a filing with the Securities and...

Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo

In the expansive rental market, where more than 34% of Americans make monthly payments, traditional methods like paper checks and wire transfers are proving inefficient. Despite billions flowing from tenants to landlords, outdated payment systems cause delays and frustration. As economic pressures mount and tenant satisfaction wanes, property managers face...

Property Management Report Shows Over Half of Tenants Pay Rent Online

Florida State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

As online grocery subscriptions gain in popularity, Generation Z is leading the charge by a considerable margin. PYMNTS Intelligence’s “How the World Does Digital” study surveyed more than 67,000 consumers across 11 countries accounting for nearly half the world’s GDP about their digital habits. The results...

Gen Z Uses Grocery Subscriptions 133% More Than Gen X

Reuters

(Reuters) -Shopify beat analysts' estimates for second-quarter results and forecast upbeat sales growth on Wednesday as its AI-enabled tools attracted more merchants to its e-commerce services, sending its shares up more than 20%.

Shopify soars as AI focus powers quarterly beat, bullish forecast

NewsBreak

Marqeta Processing Volumes Surge 32%

Marqeta posted second-quarter results that showed total processing volumes (TPVs) surged 32% to $71 billion. During the conference call with analysts, CEO Simon Khalaf noted on...

Marqeta Processing Volumes Surge 32%

Comments / 0