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Mastercard has teamed with Bahrain-based ila Bank to help it introduce loyalty programs.
The partnership, announced Tuesday (May 27), is centered around things like dining, travel and luxury shopping, while also employing enhanced fraud solutions and privacy protection.
“ila has always been about the customer,” Mohamed Almaraj, the bank’s CEO, said in a news release. “We are proud to have...
Payments technology firm Transcard has teamed with Thredd to expand its payment orchestration platform.
The collaboration, focused on Transcard’s SMART Suite platform, expands payment method optionality for customers and recipients for both B2B and B2C applications that offer virtual cards, according to a Tuesday (May 27) news release.
“Many of our multinational customers want the same end user...
Automation company ABB is reportedly preparing a possible deal for its robotics unit.
The company is working with Bank of America and UBS on a spinoff or sale of the robotics business, Bloomberg News reported Tuesday (May 27), citing sources familiar with the matter.
According to the report, ABB had said last month it aims to spin off the robotics unit in the second quarter of next year, as CEO ...
Ulta Beauty has built a fan following by making cosmetics accessible to the everyday shopper: It stocks not only premium brands but also mass-market cosmetics.
This understanding that consumers buy both high-end and mass brands in cosmetics has propelled the U.S. retailer’s growth. It boasts more than 38 million loyalty program members, over 1,300 U.S. stores in every state and seven million...
The Consumer Financial Protection Bureau (CFPB) has faced an unprecedented period of upheaval since the transition from the Biden to the Trump administration in January 2025, culminating with Friday’s move to rescind Rule 1033. Below is a detailed timeline highlighting the key events, regulatory rollbacks, legal battles and the current uncertain status of the agency.
Late 2024 – January 2025:...
Artificial intelligence logistics software startup Pallet raised $27 million in a Series B funding round led by General Catalyst, according to a Tuesday (May 27) press release.
Logistics is an $11 trillion global industry, but it runs on legacy software and manual processes, General Catalyst said in a company blog post Tuesday. The industry is responsible for moving more than 20 billion tons of...
The parent of Chinese eCommerce giant Temu said tariffs helped eat into its quarterly profits.
PDD Holdings attributed this 38% year-over-year decline in the first quarter of 2025 to a variety of factors, as it released its earnings report Tuesday (May 27).
For example, Chairman and co-CEO Lei Chen said during an earnings call that there has been an intensification of competition in China’s...
Ahead of the long weekend, and amid the swirl of headlines that have seemingly centered on “all tariffs all the time,” it may have been easy to overlook the steady march of legislation that moves through Congress.
To that end, the House Financial Services Committee late last week advanced several bills out of committee — which move them closer to a vote in the full House — and which would reshape...
Credit union service organization (CUSO) Velera appointed five continuing board members to its executive committee that helps guide the CUSO’s direction.
The members of the committee are executives of credit unions of all sizes, from across the United States, Velera said in a Tuesday (May 27) press release.
The committee’s new chair is Cathy Tierney, president and CEO of Community First Credit...
Each week, the evolution of the ongoing cryptocurrency-FinTech convergence seems to get another headline to hang its hat on.
Last week, it was the news Thursday (May 22) that J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup are exploring the launch of a jointly operated stablecoin.
This week, it is the news Tuesday (May 27) that Circle, the issuer of the USDC stablecoin, filed for an...