More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
Oscar Health halts new deals on IT platform for 18 months: Oscar hit a snag with its Health First deal and is directing focus there. Its insurtech peers face troubles, too.
The VC’s $100M fund for early-stage startups in the Latino community is the latest in a growing number of niche-focused funding rounds.
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.
The number of financial services deals declined 31% compared to Q1.
It expanded its Visa Direct integration so US customers can send payments to eligible Visa cardholders in six countries.
Some state governments are penalizing them for not supporting the fossil fuel industry.
The REI Co-op Mastercard lets users earn 5% cash back for REI purchases and 1.5% cash back for all other purchases.
They’re offering generous salaries and impressive titles. But will they actually listen to these experts and change?
Block’s gross payment volume surged 23% YoY in Q2—but total net revenues dropped 6% YoY as a result of Bitcoin losses.
Nike wants Big Tech’s layoffs: In a shift to direct sales, Nike is spending big to lure technologists. It’s a trend that could diminish the tech sector’s pull on workers.
Their customers are opting out of generic communications. CMOs play a critical role in customer re-engagement.
Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.
The trading app plans to fire almost one-quarter of staff to cut costs after a disappointing first half of trading.
Following a 13% YoY increase in payment volume, CEO Dan Schulman said PayPal will focus on core functions, including checkout and digital wallets.
Barclays, NatWest, and Lloyds are all exploring possible acquisitions despite market uncertainty.
American Express Global Pay helps meet demand for all-in-one payment solutions as SMBs digitize.