Gen Alpha is expected to top two billion people, making the children born between 2010 and 2025 the largest generation ever. They are also projected to have significant spending power, with Gen Alpha already earning $5,200 annually and having $45 per week in disposable income. Their earning potential will continue to grow as they mature. […]
One way to see what a quantum leap PCI 4.0 is for merchants is to consider the extended timeline for compliance. Unlike previous updates to the benchmark data protection protocol, which generally required retailers to comply within a year, this update provides a full three years. In his report PCI 4.0: What Merchants Need to Know, Don […]
DETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new “AT4 Ultimate” model as part of updates to the large SUV for the 2025 model year. The new model will slate in between the luxury “Denali” and “Denali Ultimate” models. The automaker declined to discuss pricing for the new AT4 […]
The urge to splurge resurged in July as consumers shrugged off inflation and visited on-site retailers to conduct their everyday spending. As reported by the Commerce Department on Thursday (Aug. 15), retail sales, unadjusted for inflation, were up 1% in July, well above the consensus estimates for a 0.4% boost. Overall, 10 of 13 spending categories tracked […]
Gold topped $2,500 an ounce for the first time, bolstered by hopes the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much as 2.2% Friday, exceeding the previous record set last month, as a disappointing reading on the US housing market reinforced expectations of fast and deeper cuts by […]
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees who will be affected by the move will be notified by the end of the current quarter, Reuters reported Friday (Aug. 16), citing a Mastercard […]
On a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in College Station, Texas. He recognized it immediately as one of Amazon’s Prime Air drones, whizzing by on its delivery route to unload small packages of batteries, vitamins and dog treats. “It sounds like a giant hive of bees,” […]
US-based healthcare-focused fintech PayZen has secured $32 million in equity and a new $200 million credit warehouse in an oversubscribed Series B round. The $32 million equity funding was led by New Enterprise Associates (NEA) and featured the “full participation of existing investors” 7wireVentures, SignalFire and Viola Group’s Viola Ventures, among others. Viola Group also […]
Apple has announced it will soon grant third-party app developers in a number of locations access to its near-field communication (NFC) contactless payment technology. The company says that starting with iOS 18.1, developers in the US, Australia, Brazil, Canada, Japan, New Zealand, and the UK will be able to offer in-app contactless transactions “from within […]
The backbone of America’s economy remains solid, despite a slowing job market, elevated interest rates and still-high inflation. Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced economists’ expectations of a 0.3% gain. […]
Japan stocks led gains in Asia on Friday to notch their best week in four years, after Wall Street rallied overnight as fresh economic data eased recessionary fears. The Nikkei 225 jumped 3.64% to cross 38,000 for the first time since Aug. 1. On a weekly basis, the index was up 8.67%, its highest gain […]
The new card enables customers to earn rewards on everyday spending, which can be redeemed for gift cards on Amazon.co.uk. Amazon Barclaycard customers earn 1% rewards on all Amazon purchases, 0.5% rewards on everyday spending outside Amazon for the first 12 months, and 0.25% after that. Amazon Prime members also get 2% back from all […]
