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Western Union is acquiring money transfer service International Money Express (Intermex) for $500 million.
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The deal is designed to bolster Western Union’s retail business in the U.S. while helping it speed digital customer acquisition, the company said in a Sunday (Aug. 10) news release.
“This acquisition is a disciplined, strategic step that strengthens our North...
Watch more: Dignity Over Data Is Writing a New Playbook for Subprime Credit
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Underwriting innovations have credit down to a science.
Artificial intelligence scoring models, complex eligibility criteria and risk-based segmentation have drilled into the minute aspects of the financial services-seeking consumer.
But those strengths can become flaws when it comes to serving...
Forget the bells and whistles — for a significant portion of small to medium-sized businesses, the ultimate credit card perk isn’t points or airport lounge access, but simply a higher credit limit, a revelation that redefines “top-of-wallet” in the commercial sphere.
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A newly released PYMNTS report, “SMB Growth Monitor Report: How Firms Use and Choose Credit Cards,”...
Watch more: Most Americans Don’t Know Their Credit Card Interest Rates, LendingClub CEO Says
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LendingClub CEO Scott Sanborn said more than half of consumers don’t know the interest rates on their credit cards. Among those who claim to know their rates, half underestimate what they’re actually paying.
The findings come from LendingClub’s internal research, as credit card...
With so many companies reporting earnings over the last two weeks — including the new entry, Chime — we thought it would be a good time to take a look at the category of personal finance in our app provider rankings. And it’s a good thing we did, because the top movers for July in that category were surprising.
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The PYMNTS.com Personal Finance apps page offers a monthly...
The earnings reports continue to roll in, and for the past week, quarterly revenues and management commentary about the state of lending and spending were front and center for the CE 100 Index.
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Overall, the Index gained 1.1% trailing its benchmark comps, as seen in the chart below.
Drilling down by pillar, six groups advanced, four slipped, one was flat — and if there...
Even as the hospitality industry innovates to enhance guest experiences, a quiet revolution is underway in its back offices, fundamentally reshaping how hotels manage their finances and interact with their suppliers.
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The Invoice-to-Pay Automation Tracker Series, produced by PYMNTS Intelligence and sponsored by Edenred Pay, delves into the significant challenges posed by...
Have you ever gotten a text about an unpaid toll?
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Or one purporting to be from the U.S. Postal Service about an undelivered parcel?
If you looked at these messages and thought “Scam,” you were on the right track. And as TechCrunch reported Sunday (Aug. 10), such messages are from a prolific, highly-effective scam operation that netted at least 884,000 stolen credit...
After a summer in “wait-and-see” mode, American businesses have begun making difficult, tariff-related decisions.
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That’s according to a report Saturday (Aug. 9) by the New York Times (NYT), which illustrates the situation with the example of Barry Barr, owner of outdoor apparel company KAVU True Outdoor Wear. Following months of spending cuts, the latest round of...
Inflation is creeping up as retailers hike prices in response to ongoing U.S tariffs.
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That’s according to a report from Bloomberg News Friday (Aug. 8), citing the median projection in its survey of economists.
That survey showed the core consumer price index climbing 0.3% in July, after creeping up 0.2% the prior month. This would mark the largest gain since the...