For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning. More than a thousand disgruntled customers registered problems on the DownDetector site, beginning at around 7:00am, with 67% citing mobile banking as the issue and 20% funds […]
In today’s business environment, effective payment methods are essential. Outdated payment systems can create cash flow challenges, while digital payments offer streamlined processing, enhanced operational efficiency and improved customer experience. The PYMNTS Intelligence report “Getting Paid: Digital Payments for Improving Cash Flow and Customer Experience” examined how digital payments are reshaping accounts receivable (AR), offering insights into reducing days sales […]
Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading. Here’s how the company did for the fiscal second quarter vs. LSEG consensus estimates: Net income climbed 85% to $841 million, or $1.17 per share, from $455 million, […]
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020. Comparable sales for the […]
Over 40% of consumers in Tier 3 to 6 cities and towns of the country are using digital payment services on a daily basis. Also, over 45% of consumers are using digital payment services once every alternate day, according to a report by Chase India. The report titled ‘The State of Digital Payments in India’ […]
International transfers for businesses have traditionally come with a list of requirements that can differ per country, from expensive transfer fees and a time lag of several days to the need for specific information such as IBAN and BIC. Powered by Visa Direct, Revolut Business customers now only require a card number for transactions, with […]
Peloton co-founder John Foley revealed that he nearly lost all his money after leaving the exercise equipment company in 2022. In an interview with the New York Post, the former CEO opened up about how his stint as a billionaire was short lived as his wealth was mainly tied to the company. “You know, at […]
Home improvement chain Lowe’s is reportedly set to drop multiple diversity, equity and inclusion (DEI) programs. The retail chain is the latest major corporation to modify its DEI policies, according to an internal memo reported by Reuters. According to the reports, Lowe’s is ending its participation in surveys for the Human Rights Campaign, one of […]
The Consumer Financial Protection Bureau’s interpretive rule for Buy Now, Pay Later products classifies them as “credit cards” and their providers as “card issuers” and “creditors” under the Truth in Lending Act and Regulation Z. The rule is now in effect. While the CFPB reviews submitted comments, which were due Aug. 1, and assesses whether modifications to the interpretive rule […]
Revolut cements its position as Europe’s most valuable private tech company with a US$45bn valuation after recent employee share sale Leading UK neobank Revolut has reached a US$45bn valuation after the completion of a recent employee share sale. The result sees its worth surge by 36% since its last valuation of US$33bn in 2021, now surpassing the […]
Forward-looking: Neuralink’s recent update on its second study participant, identified as Alex, provides more promising results for potential recipients who have lost the ability to interact with the world around them. According to the update, Alex was able to interact with an on-screen cursor within minutes of his first connection, and within hours, he surpassed […]
Google Chrome isn’t having the best year in 2024. The web browser has been hit with a bunch of vulnerabilities, though Google quickly patched them up. In the latest twist, Microsoft found another vulnerability in Chrome, which Google admitted is being exploited by hackers. The search giant rolled out an update to fix it just […]
