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Zum Rails is launching a suite of Mastercard-powered prepaid card programs in Canada.
“These reloadable cards will enable businesses to offer seamless expense management, faster wage access, consumer rewards, and real-time disbursements and spending flexibility, empowering the business and their customers to control funds with speed, security, and precision,” the instant payments/...
Last week, Amazon announced a major expansion of its same-day grocery delivery.
The company said it would now offer perishable groceries in 1,000 U.S. cities, with plans to more than double that number by year-end, while also lowering the price threshold for free deliveries for Prime members.
But as The Wall Street Journal (WSJ) argues in a report Thursday (Aug. 21), these moves don’t...
Klarna secured a warehouse financing facility with Santander that provides a total funding capacity of up to 1.4 billion euros (about $1.6 billion).
This marks the company’s first such facility with Santander as the sole lender and helps Klarna diversify its funding sources and support its growth, according to a Thursday (Aug. 21) press release.
“This is a key pillar of our growth...
Legal practice management platform Centerbase has launched a partnership with financial infrastructure provider Stripe.
This collaboration, announced Tuesday (Aug. 19), has yielded Centerbase Payments an embedded payment processing solution for mid-sized law firms.
“With Centerbase Payments, powered by Stripe, we’re transforming how law firms handle one of their most essential...
The number of Americans who have filed a continued claim for unemployment benefits has reached its highest level since Nov. 6, 2021.
Insured unemployment reached 1,972,000 during the week ended Aug. 9, a figure that was 30,000 higher than the previous week’s level and the highest since the 2,041,000 recorded on Nov. 6, 2021, the Department of Labor said in a Thursday (Aug. 21) press...
Google is bringing more advanced agentic artificial intelligence (AI) capabilities to its search tool.
These capabilities, announced Thursday (Aug. 21) are rolling out with restaurant reservations, with plans to expand them to local service appointments and event tickets in partnership with companies like OpenTable, Ticketmaster, StubHub, and SeatGeek.
“For example, you can now ask...
For years, off-price retailers such as TJX (parent of T.J. Maxx, Marshalls and HomeGoods), Ross Stores, Burlington, Dollar General and even Target have built their pitch on a simple thesis: economic downturns make bargain hunting not just appealing but essential.
The sector’s core customer base of households that live paycheck to paycheck, or hover at the edge of middle-class stability...
Cryptocurrency wallet provider MetaMask is launching its own stablecoin.
MetaMask USD, or mUSD, is being rolled out in conjunction with Stripe-owned stablecoin issuance platform Bridge, Stripe’s stablecoin division, and M0, a decentralized stablecoin infrastructure and liquidity platform, according to a Thursday (Aug. 21) press release.
“Issuing a custom stablecoin used to take more...
The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033.
The agency said in an advance notice of proposed rulemaking (ANPR) filed Thursday (Aug. 21) that it is looking for comments and data related to four issues.
“These issues are: the proper understanding of who can serve as a ‘representative’ making a...
Walmart’s eCommerce momentum continues unabated, as price-conscious customers pivot to digital channels for everyday items, notably grocery.
The company’s Thursday (Aug. 21) earnings release indicated that eCommerce sales were 26% higher than a year ago and digital sales for grocery were up double digits. Store-fulfilled delivery of grocery items were up 50%.
Though a slight miss on...