Millions of Vipps and MobilePay users can now send person to person payments between Denmark, Norway and Finland using only a phone number. The new service means that Vipps users in Norway and MobilePay customers in Denmark and Finland can ditch Iban numbers for money transfers between the countries. Cross-border transfers cost four per cent […]
The Federal Reserve has projected just one interest rate cut this year. The latest round of monthly data has some economists worried it won’t come soon enough. On Tuesday, retail sales data for May revealed that the pace of consumer spending is cooling down from last year, easing concerns about an economy running too hot […]
By 2030, Mastercard plans to phase out the manual entry of card information in European e-commerce transactions. Digital buyers who have become accustomed to entering their 16-digit card number and personal data will now be able to make purchases with a single click. The foundation for the credit card giant’s new process is tokenization, and […]
Rite Aid is looking to close over two dozen more stores in two states. The drugstore chain on Monday filed a “notice of additional closing stores” with the U.S. Bankruptcy Court of the District of New Jersey, identifying a total of 27 locations in Michigan and Ohio that it has added to the chopping block. […]
Doha Bank and Mastercard have formed a major long-term partnership to boost the commercial bank’s payment solutions and support Qatar’s digital transformation goals. This collaboration is designed to bolster Doha Bank’s leadership in customer service and innovative payment solutions, while aligning with its ‘Himma’ roadmap – aimed at redefining how it operates and serves its […]
Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year. The move comes after Apple said it would start allowing installment loans later this year in its Apple Pay checkout process through third-party companies, such as Affirm, and credit and debit cards from issuers, such as Citigroup. Apple […]
French stocks are likely to take a further beating from political risk in the weeks and months ahead, but the impact will be focused in certain areas, according to strategists at Goldman Sachs. Blue-chip stocks on Paris’s CAC 40 index last week logged their worst performance since March 2022, tumbling more than 6% as the […]
GameStop (GME) shares plunged Monday as the struggling video game retailer’s delayed annual shareholder meeting ended with apparently few insights into the company’s future for investors to consider. Reports said Chief Executive Officer (CEO) Ryan Cohen at the meeting told shareholders the company plans to continue cutting costs and wants to move to running a […]
The new technology enables the US giant to streamline pricing, improving the experience for both customers and associates. After trialing digital shelf labels (DSL) at one US location, Walmart announced the rollout of the new technology to an additional 2,300 stores across the country by 2026. Accelerating the digitisation of their stores, the retailer stated […]
As it rolls out a cloud-based in-house-built technology platform in the US, Spanish banking giant Santander is already planning to introduce the system around the world. Earlier this year, Santander set out plans to launch its Openbank digital offering – and its tech platform – across the US and Mexico later in 2024. The lender has hired Swati […]
The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. The S&P 500 technology sector (.SPLRCT), opens […]
Though Tesla (TSLA) shareholders voted to reinstate Elon Musk’s pay package on Thursday afternoon, some investors and analysts told Yahoo Finance they remain skeptical. “The whole thing is a game of chicken and the shareholders blinked,” early Tesla investor Ibrahim AlHusseini said. “Fear of loss is a big motivator and Elon wielded that psychological mechanism […]
