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Prosa

Visa Strengthens Digital Payments In Mexico With Majority Stake Acquisition In Prosa

Latest News, Financial News, Payment Gateways, Payment Processing

The global payments giant Visa has finalized an agreement to buy out a majority stake in the Mexican payment processor PROSA. The undisclosed transaction aims to enhance digital payment adoption in Mexico. The deal is set to conclude in the second half of 2024, subject to regulatory approvals and standard closing conditions. Under the agreement, […]

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Michael G Rhodes becomes the CEO of discover

Michael G. Rhodes Takes The Reins As CEO And President Of Discover Financial Services

Latest News, Financial News, Payment Processing

Credit card industry leader Discover Financial Services (DFS) has officially named Michael G Rhodes its CEO and president. The appointment is set to take effect on or before 6th March this year, coinciding with his inclusion on the Company’s Board of Directors. Additionally, Mr. Rhodes will assume the role of President at Discover Bank and

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freedompay

FreedomPay Teams Up With Citi Retail Services To Enhance Consumer Choice At POS Through Citi Pay

Latest News, Retail

FreedomPay and Citi Retail Services have partnered to revolutionize how consumers shop. By integrating with the products of Citi Pay, this collaboration will enhance the point of sale experience for merchants, thereby expanding the array of lending solutions available to shoppers. This unique synergy combines the strengths of FreedomPay, a leader in commerce technology, and

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IRS Mileage Rates 2024

IRS Mileage Rates 2024

Latest News, Business

The year 2024 is upon us and as we drive forward the Internal Revenue Service (IRS) has announced the updated mileage rates for this year. The IRS recently announced the updated mileage rates for 2024 with slight changes compared to last year. Specifically, the mileage rate for business travel has increased by 1.5 cents per

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Google Pay Pilots BNPL Service With Zip In The First Quarter Of 2024

Google Pay Pilots BNPL Service With Zip In The First Quarter Of 2024

Latest News, 2024 Trends, BNPL, Buy Now Pay Later, Google Pay

The retail world is changing, thanks to Buy Now, Pay Later (BNPL) services like Affirm and Zip. These options let shoppers buy items and pay later, making shopping easier. Now, Google Pay pilots BNPL with Zip in the current quarter of 2024. Google Pay is teaming up with Affirm and Zip to add BNPL directly

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Adobe And Figma End The $20 Billion Merger Due To Regulatory Roadblocks

Adobe And Figma End The $20 Billion Merger Due To Regulatory Roadblocks

Latest News, Financial News

Adobe has decided to cancel its planned acquisition of design software company Figma for $20 billion. The reason cited is the difficulty in getting approval from both the EU and the United Kingdom. The UK’s CMA (Competition and Markets Authority) had previously indicated that a significant part of Figma would need to be sold off,

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Walmart BNPL by Affirm

Walmart Introduces Affirm’s Buy Now, Pay Later Option at Self-Checkout

Latest News, BNPL, Walmart PAy

Walmart is stepping up its game by adding a new payment choice at self-checkout stations in over 4,500 stores across the US. Now, shoppers can use Walmart BNPL provided by Affirm, a service known for its clear and flexible payment plans that let you buy now and pay later. Affirm’s payment options come with different

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Online Retailer Zulily Shutting Down Its Operations

Online Retailer Zulily Shutting Down Its Operations, To Liquidate Assets

Latest News, Financial News

Online retailer Zulily shutting down its operations to liquidate assets was a surprise to many. Zulily’s shutting down led to the layoffs of numerous employees after attempts to turn the business around fell short. Founded in 2010 by Mark Vadon and Darrell Cavens in Seattle, the platform has attracted millions of daily visitors looking for

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Salesforce Acquires Spiff

Salesforce Acquires Spiff With Focus To Expand Its SPM Offering

Latest News, Business, Financial News

Salesforce, known for its cloud software, is set to buy Spiff, a company specializing in sales commission tools. This move strengthens Salesforce’s sales offerings, giving users a more robust platform. Established in 2017, Spiff has been a game-changer in automating sales commissions. Spiff offers a user-friendly interface that simplifies the process for businesses to set

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CFOs Are Cautious About Real-Time Payments

CFOs Adopt Cautious Strategy for Leveraging Instant Payments

Latest News, Business, Financial News, Fintech

A significant majority of CFOs want to adopt real-time transaction solutions, also known as instant payments, within the next two years. This indicates a substantial increase compared to the adoption rate, which is less than half. As of September 1st, The Clearing House (TCH), the operator of the RTP Network that has been operational since

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Nuvei Partners with American Express to Enable Effortless A2A Payments

Nuvei Partners with American Express to Enable Effortless A2A Payments

Latest News, Financial News

Pay with Bank Transfer, a division of American Express, recently revealed that they have chosen Nuvei Corporation, a known fintech company, to be their first authorized acquirer responsible for promoting and delivering the innovative payment method made possible by Open Banking. As Nuvei Partners with American Express to enable effortless A2A payments, this forward-thinking payment

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Block stock surges

Block Stock Surges on Strong Earnings and Upgraded Outlook

Latest News

Following a robust quarterly performance, Block stock surged on strong earnings and upgraded outlook, with an increase of up to 17% during after-hours trading. The payment company, led by Jack Dorsey, has updated its adjusted profit forecast to show confidence in its ability to withstand the harsh economy’s impact on consumer spending. This positive revision

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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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Citigroup Layoffs 2023

Citigroup Layoffs 2023 – Citigroup’s Workforce Restructuring Targets Support and Tech Departments

Latest News

The recent news of Citigroup layoffs has startled the financial sector. Jane Fraser, the CEO, is spearheading this initiative to streamline operations and improve the bank’s stock performance. A comprehensive restructuring plan is currently underway, with a focus on simplifying the bank operations and giving Fraser oversight. This “reorganization” involves removing a layer of management

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