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instant payments to attract employees

Companies Using Instant Payments to Attract Employees

The pandemic left a major impact on the way things work. From business operations to the way we interact – it affected everything. It also pushed companies to reconsider the incentives they use to attract employees. This is largely driven by employees’ newfound demand for remote working opportunities. Another example includes applications that allow workers …

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fis and us treasury team up

FIS and US Treasury Team up to Release Embedded Finance Tool

On May 11, the Fintech Firm FIS and the Banking-as-a-Service startup Treasury Prime revealed through a press release that they are partnering to launch an embedded finance tool. One of the main reasons they cited was the growing need for financial institutions to provide digital banking experiences to their customers, a necessity that is exacerbated …

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fis acquisition of payrix

FIS Acquisition of Payrix Expands its Offerings to Include Payfac as a Service

In their increased bid to boost their embedded finance capabilities, Fintech platform FIS has acquired Payrix, the embedded payment company. Payrix was founded in 2015 and has provided embedded payment solutions to serve SMB eCommerce merchants.  According to their press release, this would boost their eCommerce offerings to companies regardless of size or industry, through …

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D2C E-commerce Brands Struggle

D2C E-commerce Brands Struggle as Life with COVID19 Returns to Normal

Direct to consumer brands, which once were looked at as the future of commerce, are currently going down hard. Brands like Warby Parker, FIGS, Allbirds, Stitch Fix, Etsy, and Peloton are seeing their share prices decline massively. These companies seemed to have everything going for them, with promises of low overheads, global customer bases, and …

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buy now pay later

CFPB Urged to Implement Regulation of Buy Now Pay Later (BNPL)

Recently, CFPB (Consumer Financial Protection Bureau) issued a sequence of orders to different companies delivering BNPL or Buy Now Pay Later credit. The orders for collecting information on the benefits and risks of the rapidly-growing loans have been extended to Zip, Affirm, PayPal, Klarna, and Afterpay. The CFPB looks into actions like data harvesting and …

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blockchain

Blockchain.com Has Launched Asset Management Service and Reveals DeFi Product Plans

Blockchain.com – a crypto technology company known for raising the series D funding, has come up with its asset management service and brand known as BCAM. Initially, the company had been successful in raising an all-new round of funding. It has eventually valued its company at $14billion.  The all-new service BCAM will be catering to …

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cash back rewards

Discover Unveils Debit Account with Cash Back Rewards

Discover has unveiled a checking account with dedicated cashback rewards for its customers. Along with lucrative rewards, Discover also aims at providing early access to customer paychecks along with the mobile-first digital banking experience. The all-new Cashback Debit account by Discover is built on the foundation of the Cashback Bonus Rewards of the payment service …

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eu votes against ban on cryptocurrency mining

EU Votes Against Ban on Cryptocurrency Mining

The ECON or Committee on Economic and Monetary Affairs by the European Parliament has spent several days struggling with the proposed MiCA (Markets in Crypto Assets Regulation) to coordinate the approach of the EU (European Union) to cryptocurrency. Recently, ECON went ahead with rejecting different versions of the legislative package containing what has been referred …

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cvs health

CVS Makes $3B Technology Investment as COVID-19 Landscape Set to Change Dramatically

CVS plans to invest around $3 Billion on the concept of digital enhancements for improving the overall consumer experience and their community locations. The report was generated by Shawn Guertin, the Chief Financial Officer and Executive Vice President of CVS.  The company has managed to reach around 5.6 million subscribers to the CarePass program in …

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