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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...
Amazon will launch a dedicated online store in Ireland in 2025.
The new Amazon.ie will offer more products from Irish businesses; low, local prices; and no additional customs charges, the company said in a Wednesday (May 8) press release.
“This underscores our continued commitment to Ireland and will bring a wide selection of great value products with fast delivery to Irish customers, as well as...
NCR Voyix’s first-quarter earnings results took note of strength in customer conversions to its commerce platform and growth in digital banking and the adoption of self-checkout technology to help streamline customer interactions, especially in retail.
CEO David Wilkinson said on a Thursday (May 9) conference call with analysts that the company is making progress converting customers to its...
Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted goods.
On a call with analysts Wednesday (May 8) discussing the footwear and apparel company’s first-quarter 2024 financial results, CEO Joe Vernachio said the company is pulling back on deals and discounts,...
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines.
This credit-based digital wallet solution provides a remittance method that reduces costs and enables users to build their credit history in the U.S., the companies said in a Thursday (May 9) press release.
The solution is enabled by Thunes’ digital wallet integration and Pomelo...
The Manhattan District Attorney’s Office indicted a business and two individuals as part of an effort to fight organized retail theft.
District Attorney Alvin Bragg announced the indictment of Bibi Rehana Khan, 54, Aaron Khan, 40, and Rehana’s Cosmetics, alleging that they possessed more than $1 million in stolen goods and served as a retail theft fencing operation, the District Attorney’s office...
In November 2000 the Nasdaq was at the 6,000 mark, just starting to shed the internet companies that had been overvalued and would eventually lead to the bursting of the internet bubble. Amazon’s stock price at the time was $1.25. And in this environment, it launched an online experience for sole proprietorships and small business called Amazon Marketplace, which started as a destination for...
Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season.
Now, the operative question surrounds the use of credit for the balance of Q2 and the rest of 2024. Will consumers want to borrow to maintain their spending? Will lenders accommodate them if they do? As Versatile Credit CEO Ed O’Donnell told Karen Webster, it’s time to...