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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...
TikTok has begun automatically labeling artificial intelligence (AI)-generated content (AIGC) when that content is uploaded from certain other platforms.
The social media platform has done this by partnering with the Coalition for Content Provenance and Authenticity (C2PA) and implementing that group’s Content Credentials technology, TikTok said in a Thursday (May 9) press release.
“AI enables...
American Express is rolling out a business credit card in Nigeria, its first such product in the country.
The card offers business owners a spending limit of $10,000 and a repayment period of up to 45 days for international transactions, and comes as a result of a partnership with local neobank O3 Capital, according to a Thursday (May 9) Bloomberg report, which noted that the launch of the card...
Experian has launched a solution designed to further inform lending decisions and expand access to credit.
The new Cashflow Attributes uses open banking insights from more than 900 income, cash flow and affordability attributes that lenders can use in their decision-making, the global information services company said in a Thursday (May 9) press release.
“We believe banking information holds...
If you take your hands off the wheel, you might crash.
That proverbial piece of advice, commonly leveled at business leaders and managers, has taken on a new meaning in light of the U.S. Department of Justice‘s (DOJ) investigation revealed Wednesday (May 8) into electric vehicle (EV) automaker Tesla’s Autopilot and Full Self-Driving (FSD) systems.
The EV giant, known for its innovative approach...