The Business & Technology Network
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Synchrony’s CareCredit health and wellness credit card is now accepted for select items in nearly 2,200 Albertsons, Safeway, Vons, ACME, Shaw’s and Jewel-Osco stores. A new collaboration of Synchrony and food and drug retailer Albertsons Companies allows the card to be used for select health and wellness products at these stores, the companies said in a Wednesday (Sept. 18) press release emailed...
America’s largest bank is increasing its expansion efforts outside the U.S. J.P. Morgan Chase is hiring bankers in cities like Stockholm and Copenhagen to expand its Nordic business and take on European banks, officials from the lender told Bloomberg News in an interview Wednesday (Sept. 18). And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South...
Ask 10 people what the concept and execution of “digital engagement” mean, and you’ll get 10 different answers. For Serena Smith, chief client officer of i2c, it means digital-first customer engagement. Individuals and companies around the globe demand digitally issued cards and payments choice, and in turn, companies must pivot to serve them across a variety of use cases and markets, she told...
We are nearly 25 years into the 21st century. For businesses, the shift from traditional, analog methods to seamless, digital-first payment processes should have happened long ago. “Almost half of B2B payments are still made via check, which blows my mind in terms of the technology that exists now,” Rebecca Schultz, chief marketing officer at Boost B2B Payment Solutions, told PYMNTS for the “What...
In today’s retail environment, unattended payment technologies are revolutionizing the way transactions are processed. Once considered a convenience, these systems are now integral to enhancing customer experience and operational efficiency. A PYMNTS Intelligence report, “Unattended: The Payments Technology Shifting the Future of Commerce,” in collaboration with Discover Global Network, explores...
When Tien Tzuo coined the term “subscription economy” in 2007, he envisioned a future where consumers would prioritize access over ownership. As the CEO of subscription management platform Zuora, Tzuo has been at the forefront of this economic shift for nearly two decades. Today, as the subscription model reaches maturity, companies are grappling with evolving consumer expectations, the specter...
For every fragmented ecosystem, there’s a digital innovation being built and scaled to streamline it. The global syndicated loan market, a $7 trillion-plus industry where loans are extended by multiple lenders to a single borrower, is no different. These loans, often ranging from millions to billions of dollars, are too large for any one lender to handle alone. Instead, various financial...
Japan is reportedly considering whether to loosen its rules for the crypto industry. This consideration is being driven in part by a growing number of Japanese firms that are exploring blockchain-related initiatives, Bloomberg reported Tuesday (Sept. 17). Prime Minister Fumio Kishida has prioritized Web3, but his tenure is nearing an end, and it is not known if any of those who aim to succeed him...
A new artificial intelligence (AI) partnership that includes Microsoft and BlackRock aims to mobilize up to $100 billion in total investment potential for data centers and sources of power for those facilities. The Global AI Infrastructure Investment Partnership (GAIIP) includes Microsoft; BlackRock; Global Infrastructure Partners (GIP), which is an infrastructure investor that is set to be...
For the banks, the urge to merge may get held up by regulators — who’d formerly been using decades-old guidelines by which to judge the merits of those deals. And to steal a line from Prince (at least a bit): No one’s going to party like it’s 1995. On Tuesday (Sept. 17), the Federal Deposit Insurance Corp. (FDIC) said that new rules would be adopted to change the way proposed mergers are examined...