Alex Chriss has been leading the company for a little over a year and has made significant strides in reshaping it. In his short time as CEO, Chriss overhauled PayPal’s front with a tight noose on the pace of acquisitions. And this series of drastic steps is far from over, as PayPal is setting its […]
Alex Chriss to Lead PayPal’s Transition from a Payments Company to a Commerce Platform Read More »
As we approach 2025, the US economic outlook is showing robust growth. With President-elect Donald Trump at the helm, outlining a series of policy initiatives throughout his campaign, expectations are high that the economy will continue to surpass forecasts. Concerns about a recession are easing, inflation is stabilizing around 2%, and the job market is
The US Economy Is Set to Outperform Predictions in 2025 Read More »
Senator Dick Durbin of Illinois, the Senate Majority Whip and a member of the Democratic Party is actively advocating for changes in the credit-card industry. During Congress’s current lame-duck session, he is championing a bill that proposes shifting the cost of processing card transactions from retailers to consumers. His goal is to boost competition, lower
Dick Durbin’s Proposal to Reform the Credit Card System Read More »
Amazon has launched a new feature in its mobile app named “Amazon Haul,” which provides a selection of items, including clothes, household goods, electronics, and more, each costing less than $20. This initiative targets cost-conscious consumers, positioning Amazon as a competitor to affordable retail outlets such as Temu and Shein. This new platform offers a
The Wait Is Over: Amazon’s Discounted Storefront Haul Has Arrived! Read More »
The rewards app Fetch and Albertsons Media Collective, the retail media branch of Albertsons Companies, Inc., have launched their first retail media network collaboration. Through this relationship, Albertsons Media Collective can expand its range of services, providing consumer packaged goods manufacturers with additional avenues to increase sales that are unique to this store. Brands can
Albertsons Partners with Fetch Read More »
Goldman Sachs Group Inc. has agreed to pay over $50 million to settle a prolonged investigation into its credit-card partnership. This decision comes after the leading U.S. consumer protection agency found that the company provided misleading information to customers and did not correctly handle disputes. The Goldman Sachs CFPB probe mentions that customer service failures
Goldman Sachs Under Fire: What CFPB’s Probe Means for Banking and Payments Read More »
Pierre-Olivier Gourinchas, the IMF’s chief economist, noted that inflation could soon stabilize as it is practically under control. This is positive news for the global economy, as this control has been achieved without triggering a significant economic slump, marking a notable achievement. Inflation declined after substantial interest rate hikes, yet central banks remain cautious about
IMF Declares Victory in the Inflation Battle: What It Means for Payment Providers Read More »
The US Federal Trade Commission (FTC) implemented a new rule on October 21, following its finalization in August. This new FTC rule prohibits fake online reviews. It applies to AI-generated content and reviews that inaccurately portray the user’s experience with a product. Additionally, it bans companies from purchasing fake reviews, including those sourced from company
FTC’s Rule Banning Fake Online Reviews Goes Into Effect Read More »
In 2024, several digitally native retailers are facing significant financial strain, raising concerns about the overall retail financial health of the sector. These businesses, which rely heavily on e-commerce and direct-to-consumer models, were once heralded as disruptors in the retail space. However, a combination of factors, including rising inflation, increased supply chain costs, and a
Digitally Native Retailers at Risk of Bankruptcy in 2024 Read More »
Rite Aid has exited federal bankruptcy protection and is now a private company. Matt Schroeder, formerly the CFO, has been promoted to chief executive. The drug store chain revealed that Schroeder replaced Jeffrey S. Stein as CEO and chief restructuring officer last month, coinciding with the company’s move out of Chapter 11. Schroeder joined Rite
Rite Aid’s Emergence from Bankruptcy and Leadership Changes Read More »