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AppDirect has acquired Builtfirst, saying this will further its aim to become “the premier destination for marketplace solutions.”
The acquisition adds Builtfirst’s self-service marketplace platform technology to AppDirect’s suite of solutions focused on its business-to-business (B2B) commerce platform, the companies said in a Thursday (May 9) press release.
“This acquisition provides an...
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency.
Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time Payments Barometer: Healthcare Edition” said real-time payments were their most-used payment method, with instant bank account-to-account...
The B2B landscape is responsible for around $125 trillion of annual money movement.
And those B2B payments are working overtime in the background to power much of the world’s economy. But even two decades and a handful of years into the 21st century, much of that transaction volume results in headaches for both buyers and suppliers that stem from legacy bottlenecks and frictions slowing down...
Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets.
By the Numbers
The December installment of PYMNTS Intelligence’s “New Reality Check: The Paycheck-to-Paycheck Report” series, “The Credit Card Use Deep Dive Edition,” drew from a survey of more than 3,200 U.S. consumers to examine their financial...
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods.
Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and convenience in managing their mortgage payments, the company said, and allow...
The laws of physics dictate that for every action, there is a reaction.
As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB) slated to take effect that would drastically lower credit card late fees, several reactions might ripple across financial services.
Not all of them might be desirable. The blowback might be such that credit becomes harder to come...
The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate.
This statement came as the agency released a report detailing consumers’ complaints about these programs.
“Credit card companies promise upfront benefits for signing up and using their rewards card, but often bury complex terms in the fine...
McDonald’s is reportedly set to modernize its marketing strategy by launching a digital marketing fund to be paid into by its U.S. franchisees.
The move aims to modernize the fast-food giant’s marketing approach, enhance its competitive advantage and strengthen its position in the digital business landscape, CNBC reported Thursday (May 9), citing an internal company memo.
McDonald’s did not...
In the battle for the future of shopping, Sam’s Club is betting on artificial intelligence.
Since January, the Walmart-owned retailer has rolled out AI-powered checkout technology at over 120 stores.
Using a combination of AI, computer vision and digital tech, Sam’s Club’s system identifies what’s in a shopping cart, confirming customers have paid for their items without requiring an associate to...
The thing about shiny new things, is that they are often dulled by repeated play.
Roblox, the virtual world gaming platform, is finding that out the hard way as its muted second quarter guidance — released Thursday morning (May 9) — has since sent the company’s shares spiraling more than 20% as of reporting.
“Our teams have been hard at work identifying opportunities to drive DAUs (daily active...