Tagged: spending

August 19, 2024 @ 11:32 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks “a significant step forward in Klarna’s mission to disrupt retail… Read More

July 10, 2024 @ 11:51 pm By Omar Faridi  |  

After a “record breaking” 3-night run at the Aviva Stadium that left concert goers still trying to ‘Shake Off’ the Taylor Swift effect, the latest Bank of Ireland Spending Pulse analyzing debit and credit card spending reveals the economic impact of her visit. Analyzing 27th… Read More

June 24, 2024 @ 8:37 am By Omar Faridi  |  

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by online prepaid payment firm Recharge. The survey of 2,000… Read More

June 9, 2024 @ 5:43 pm By Omar Faridi  |  

TrueAccord’s machine learning engine, HeartBeat, ​​reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More

June 8, 2024 @ 2:33 pm By Omar Faridi  |  

While many Americans are planning to travel and take a road trip this summer, inflation and high costs on essentials may put a damper on their fun in the sun. This, according to an update from Experian. Experian notes in a blog post that some… Read More

January 29, 2024 @ 3:48 pm By Omar Faridi  |  

Corpay, a FLEETCOR brand and global firm focused on business payments, announced the launch of Corpay Complete, a spend management platform for corporate payments and spending. The first-of-its-kind payment solution is now “available to new customers in the United States and Canada and to eligible… Read More

November 14, 2023 @ 3:30 pm By Omar Faridi  |  

Fintech TrueAccord explains why not having the right collection partner can “equate to missed recovery opportunities tomorrow.” TrueAccord looks into what makes the end of the year such an important time “to evaluate your current collections partner.”  TrueAccord comments on why firms need to evaluate… Read More

October 23, 2023 @ 10:43 pm By Omar Faridi  |  

The scale of Christmas / holiday spending cutbacks due to the cost of living is highlighted in new research from KPMG UK – which shows consumer intention “to cut back on buying gifts, groceries and socializing.” Over 2600 UK consumers were surveyed for KPMG –… Read More

September 29, 2023 @ 1:58 pm By Omar Faridi  |  

A report has looked into how consumers are managing higher mortgage rates and adapting their spending due to inflation. This along with other key insights are shared in the KPMG UK’s latest Consumer Pulse research. KPMG’s Consumer Pulse survey “tracks how over 3000 consumers across… Read More

September 24, 2023 @ 10:02 pm By Omar Faridi  |  

Payhawk, the global spend management platform, announces ‘Payhawk Green’, the new platform features to help companies make more sustainable decisions related to company spending. The features are “available to all customers at no additional cost.” Payhawk Green will help companies make more sustainable decisions related… Read More

August 21, 2023 @ 9:56 pm By Omar Faridi  |  

As Americans face record-high credit card debt and fees, nearly three in four (73%) say credit cards make it challenging to manage their finances, according to a new survey conducted by OnePoll and commissioned by Affirm (NASDAQ: AFRM) the payment network that empowers consumers and… Read More

July 20, 2023 @ 10:59 pm By Omar Faridi  |  

Klarna, the global payments network and shopping destination, announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later… Read More

July 15, 2023 @ 10:31 am By Omar Faridi  |  

Australians are spending on average nearly $600 less online than they were a year ago, according to the latest Digital Economy Index from global financial platform Airwallex. The Airwallex Quarterly Digital Economy Index “records year-to-date spending per adult, as well as quarter-by-quarter snapshots of the… Read More

May 11, 2023 @ 8:45 am By Omar Faridi  |  

Mastercard (NYSE: MA) cardholders will be able “to book travel using credit card loyalty points with Travel with Rewards powered by Expedia.” Expedia Group and Mastercard “expand their partnership for a new joint adventure: Travel with Rewards, a modern loyalty points redemption solution that enables… Read More

April 26, 2023 @ 10:07 pm By Omar Faridi  |  

Buddy, the budgeting app for Gen Zers with 3M users worldwide, has integrated with Plaid, an open finance service provider, in order “to provide Buddy users with the ability to securely connect their financial accounts and automatically track their spending.” Buddy claims it is “entirely… Read More

April 25, 2023 @ 10:07 pm By Omar Faridi  |  

A new study from Juniper Research, who claim to be experts in payments, found that carrier billing spend “will reach $122 billion globally by 2027, rising from $70 billion in 2023.” This reported “growth of 74% over the next four years will be driven by… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 1, 2023 @ 3:17 am By Omar Faridi  |  

Rocket Companies, Inc. (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – unveiled the Rocket Visa Signature Card, the first credit card created “to make homebuying easier and more accessible… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 19, 2023 @ 1:30 pm By Omar Faridi  |  

Wedge Financial, Inc., a fintech company that brings the power of the markets and programmable payments to everyday spending, is partnering with Visa (NYSE: V) in order to launch a debit card “connected to the Wedge app, accelerating its mission to revolutionize consumer spending.” Wedge… Read More