PYMNTS

In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies — the sole proprietorships,...

Visa’s Koenigsberg Says Small Businesses Are Ready to Embrace BNPL

ClearBank has shared embedded banking ROI insights from the Forrester Report. ClearBank has, from its inception, been focused on “providing the infrastructure that enables firms to innovate, differentiate and grow.”. A core element of that vision is the Embedded Banking proposition “that offers firms the ability to launch high-quality...

UK Fintech ClearBank Shares Insights and Perspective on Embedded Banking ROI

Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are leveraging AI to address persistent challenges, from eCommerce sizing woes to mounting medical bills, signaling a potential shift in how industries approach longstanding issues. Zapata...

AI Startups Gain Traction Tackling Software, eCommerce and Healthcare

The US Sun

AMERICANS have the opportunity to claim a one-time payment from a billion-dollar class action settlement. Visa and Mastercard agreed pay $5.6 billion after consumers paid excessive fees to accept their payment cards. The lawsuit alleged that Visa and Mastercard violated the antitrust laws. Antitrust laws also referred to as competition laws, are statutes developed by […]

Americans to receive one-time payment from $5.6 billion Visa Mastercard settlement – and the deadline has been extended

Business Insider

Small merchants in China have been holding rallies this month to protest Temu's fines and refund policies, multiple outlets reported.

Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns

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Advocate Andy

Rent-a-Center affiliate charged with deception, illegal lending. A consumer finance company affiliated with Rent-A-Center is facing charges that it misled or deceived as many as 5 million of its customers and that it engaged in illegal lending practices.

5 Million Consumers Deceived in Rent-to-Own Lending Scheme

BlogHer

Meet Stephanie Skryzowski, the Founder and CEO of 100 Degrees Consulting, providing CFO and bookkeeping services to nonprofits around the globe.Entrepreneur Ariana Rodriguez Is Creating a Business Culture Where Everyone Feels Included
Stephanie had more than ten years of experience in the nonprofit sector when she first became a mother. She decided to use her extensive background and newfound flexibility as an entrepreneur to help nonprofits navigate the financial landscape. By zeroing in on her team and nonprofit corporations, Stephanie has exceeded her initial expectations of what she believed her company could do. 100 Degrees Consulting has reached one million dollars...

How Stephanie Skryzowski Is Helping Nonprofits Find and Maintain Success

Digital wallets are rapidly transforming the payments landscape, with projections indicating they will surpass debit cards in transaction value within three years. This transition highlights the role of digital wallets not only as a payment option but also as a versatile tool that boosts consumer engagement and spending. A recent...

Big Spenders: Nearly Two-Thirds of Gen Z Spend More When Using Digital Wallets

Former Google CEO and Executive Chairman Eric Schmidt is reportedly not a fan of remote work. Speaking to students at Stanford University, Schmidt said that Google’s offering of remote work has caused it to fall behind in the artificial intelligence (AI) competition, The Wall Street Journal reported Wednesday (Aug. 14), citing a video of the event.

Former Google CEO Eric Schmidt: Successful Startups Work in Offices

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

It’s a well-known fact, banks that do digital transformation get more clients. Sella decided to join the number of innovators and launched the test version of biometrical credit. But isn’t it too late? Mastercard and zwipe has tested it first in 2014 with Sparebanken DIN bank in Norway.

INNOVATION IN THE WORLD OF CREDIT CARDS

Banking technology firm Amount has raised $30 million to expand into the credit union sector. Amount announced the $30 million equity capital raise in a Thursday (Aug. 15) press release that also welcomed Curql, a collective of credit unions jointly investing in FinTech companies, as a new strategic investor. “Amount...

Amount Raises $30 Million to Expand Into Credit Union Space

Mastercard confirmed Monday that it will cut about 1,000 employees as part of a restructuring to focus on international markets announced during its second-quarter earnings report earlier this month. The company hadn’t previously disclosed that it would reduce its workforce as part of a $190 million charge related to the restructuring.

Mastercard to cut 1,000 employees in restructuring

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees who will be affected by the move will be notified by the end of the current quarter, Reuters reported Friday (Aug. 16), citing a Mastercard spokesperson.

Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization

Entrepreneur

The modern business landscape demands that companies prioritize customer satisfaction to stay competitive. This article discusses six actionable strategies to foster a customer-centric culture within your organization.

Don't Lose Your Customers Again — 6 Strategies for Creating a Customer-Centric Culture

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider economy. Data from Carta, a provider of services to private companies, reveals that 254 venture-backed clients went bankrupt in the first quarter of 2024, a rate more than seven times higher than in 2019. Notable casualties include Tally, a financial technology company valued at $855 million, and desk rental company WeWork, which had raised $16 billion in debt and equity.

Venture-Backed Startups Going Bankrupt at Alarming Rate

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

New Jersey State

Newark, NJ

NEW JERSEY - Alain Rodrigues, a 49-year-old Middlesex County resident and owner of a construction business in Old Bridge and Newark, New Jersey, has admitted to charges of tax evasion and failure to collect and pay over taxes. U.S. Attorney Philip R. Sellinger announced that Rodrigues entered his guilty plea on August 1, 2024, before U.S. District Judge Esther Salas in Newark federal court.

Construction Business Owner Admits Tax Evasion, Owes $1.35M

NewsBreak

3 Tips for Choosing the Right B2B Payment Method From Industry Execs

Persistence should be rewarded. But when it comes to the long-standing persistence of both buyers and suppliers relying on checks for their B2B payments, there is...

3 Tips for Choosing the Right B2B Payment Method From Industry Execs

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