Financial News

PayPal New CEO, Alex Chriss: Background

PayPal New CEO, Alex Chriss, Asserts Leadership in First Ever Earnings Call

Latest News, Financial News, Visa and PayPal Partnership

Unlike many new corporate leaders, PayPal’s New CEO, Alex Chriss, has not hesitated to make significant directional changes early in his tenure. In the Q3 earnings call. Chriss, who took over as CEO after Dan Schulman on September 27th, emphasized his focus on achieving growth. This marks a departure from Schulman’s emphasis on PayPal’s checkout […]

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Apple Pay At Kroger

Kroger Begins Taking Apple Pay as Shoppers Demand Easier Payments

Latest News, Financial News

Kroger, a known supermarket chain in the United States that has been around since 1883, has recently broadened its range of digital services offerings, including its easy-to-use mobile app. This convenient platform allows customers to effortlessly order groceries for pickup or delivery, giving them flexibility when it comes to shopping. To enhance payment options for

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WEX Acquired Payzer

WEX Acquires Payzer

Latest News, Financial News

Field services software provider WEX recently unveiled its acquisition of Payzer, a cloud-based business management software company. The deal, valued at approximately $250 million, includes provisions for additional contingent payments amounting to up to $11 million. WEX plans to finance this acquisition through its revolving credit facility and available cash resources. The transaction’s completion is

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Fiserv Q3 Results

Fiserv Reports Q3 Results, Revenue up 8% to $4.87 Billion

Latest News, Business, Financial News, Fintech, Industry News

Fiserv Inc. has released its results for the quarter and the nine months ending on September 30, 2023. The Fiserv Q3 results reports the company’s revenue amounted to $4.87 billion showing substantial growth compared to $4.52 billion in the third quarter last year. The net income was reported as $952 million, which is an increase

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American Express Revenue Sets New Record in Latest Quarter, Up 13% to $15.4 Billion

American Express Revenue Sets New Record in Latest Quarter, Up 13% to $15.4 Billion

Latest News, American Express, Financial News

American Exprеss announced its sixth consecutive quarter of record revenue on October 20, 2023. The third-quarter earnings report for American Exprеss rеflеcts thе company’s sustained upward trajectory, with a notable 13% revenue increase from thе samе pеriod last year, totaling a rеcord $15.4 billion. Let us analyze the growth in American Express revenue in the

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Visa Q4 Earnings

Visa Q4 Earnings Surpass Expectations, Driven by Cross-Border Payment Volume

Latest News, Financial News, Industry News, Visa

On Tuesday, card giant Visa Inc. announced that it exceeded expectations for fourth quarter profits. Dеspitе concеrns about an imminеnt еconomic slowdown and thе rising cost of living the results were solely based on the consumers embracing a post-pandеmic travеl rеbound. According to Visa’s CFO, Chris Suh, the recovery of inbound travel in the U.S.

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US Fed Proposes Reducing Interchange Fees on Debit Cards

US Fed Proposes Reducing Interchange Fees on Debit Cards

Financial News, Business, Latest News, Payment Processing, Small Business

The Federal Reserve is currently working on a plan to lower the fees that merchants have to pay to banks when customers use debit cards for purchases. Currently, merchants are charged 21 cents plus an additional 0.05% of the transaction amount, by card issuers as set by the Fed in 2011. The Fed has not

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working capital to fuel growth

CFOs Using Working Capital to Fuel Growth

Financial News, Business, Small Business

Working capital is a critical factor in the finance world, particularly for businesses. The significance of working capital extends beyond simply cove­ring day-to-day expenses. It can also be leveraged strate­gically to fuel growth and meet marke­t demands. For instance, it can be allocate­d towards settling supplier payme­nts, purchasing inventory, and optimizing various operational aspects. Today,

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gamestop makes profit

GameStop Moves from Imminent Bankruptcy to Profitability

Latest News, Financial News, igaming, iGaming Industry

On March 21, as the gaming world held its breath, GameStop shattered expectations yet again with a momentous announcement: the company reported its first profit in years. In a Tuesday earnings release, the video game retailer revealed a stunning net profit of $48.2 million for the quarter that concluded in January, a stark contrast to

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10 Best Ways To Separate Your Personal and Business Finances

10 Best Ways To Separate Your Personal and Business Finances

Financial News, Personal Finance

In today’s fast-paced and interconnected world, it’s becoming increasingly important for individuals to effectively separate their personal and business finances. Whether you’re a small business owner, a freelancer, or even a side hustler, maintaining clear boundaries between your personal and professional financial matters is crucial for both your peace of mind and your financial success.

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Gen-Z Consumers Feel More Secure Banking via Smartphone

Gen-Z Consumers Feel More Secure Banking via Smartphone

2023 Trends, Banks, Financial News

In the ever-evolving world of technology, a new generation of consumers has emerged, wielding their smartphones as powerful tools for every aspect of their lives. Gen-Z, born and bred in the digital age, embraces the convenience and connectivity offered by their handheld devices. But it’s not just about social media or entertainment; these tech-savvy individuals

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Generative AI is Helping to Advance Embedded Finance

Generative AI is Helping to Advance Embedded Finance

Artificial Intelligence, Financial News

In the ever-evolving landscape of finance, Artificial Intelligence (AI) continues to redefine traditional lending practices. Embedded lending, a groundbreaking approach that seamlessly integrates financial services into non-financial platforms, holds immense potential for revolutionizing the borrowing experience. At the forefront of this transformative shift lies generative AI, a powerful technology that leverages advanced algorithms to generate

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JP Morgan Unveils B2B Payments Partner Marketplace

JP Morgan Unveils B2B Payments Partner Marketplace

B2B Payments, Financial News, Latest News

JP Morgan, one of the world’s leading banking giants, has taken a significant stride towards providing its business clients with enhanced access to its massive $9.6 trillion payments network. Recently, on June 1, the company unveiled its innovative Payments Partner Network, an advanced digital platform built on Salesforce technology. This article analyzes the JP Morgan

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Inflation and Merchant Account

How Inflation Affects Your Merchant Account as a Business Owner

Financial News

As an ecommerce business owner, your merchant account plays a crucial role in processing payments and facilitating purchases for your customers. However, high inflation rates can significantly impact your merchant account and fees in ways that impact your business’s bottom line. Understanding inflation and merchant accounts is important for financial planning and ensuring you keep

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