You’ve probably heard it before, but data is undoubtedly the oil of the 21st century. And, just like oil, any data breaches or the equivalent “spills” of consumer information can be damaging to both businesses and their ecosystems. Particularly given the fact that we are...
The Consumer Financial Protection Bureau (CFPB) recently issued a report listing regulatory concerns around how gaming and virtual reality companies facilitate transactions and collect sensitive data. As “Banking in Video Games and Virtual Worlds” makes clear, the CFPB sees both industries processing transactions and collecting the...
Three months ago feels like a long time. But the latest — and revised — data on gross domestic product released Thursday (March 28) by the Bureau of Economic Analysis details the fourth quarter and gives some hints as to what may come in the months ahead. The headline...
Consumers are eyeing higher inflation on the horizon, as the latest data from the government shows, and a key demographic of the paycheck-to-paycheck economy is feeling less than sanguine about the future. The latest survey on consumer confidence, as released by nonprofit business research organization...
August 25, 2023
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.” Much in the way 9/11 forced financial services firms to pivot towards the electronic clearing of checks (through […]
March 13, 2023
Instant checkout has been a long time coming. Go back a few decades, and Amazon had a patent in the 1990s on one-click checkout. The patent expired in 2017, and...
December 15, 2021
No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than ideally aware about how the...
September 02, 2021
The FinTech startup Plaid says that getting a clear picture of a consumer’s transaction data is critical to improving their access to better financial products. By cleaning up and classifying...
March 25, 2024
Open Lending appointed its chief financial officer, Chuck Jehl, to the additional roles of chief operating officer and interim CEO after Keith Jezek resigned as CEO and board member. This leadership change is effective immediately, with Jezek remaining available to advise the company on the transition, Open Lending said in a Monday (March 25) press release. In the same release, […]
March 13, 2024
American lawmakers have approved a bill that could ban TikTok in the U.S. The U.S. House of Representatives voted 352-65 Wednesday (March 13) in favor of the legislation, aimed at compelling ByteDance, the Chinese owner...
July 13, 2023
Americans are becoming increasingly creative in their efforts to stretch their budget. Many are also responding to inflation by just going without, Bloomberg reported Thursday (July 13). Sean Connolly, CEO of Conagra...
March 10, 2023
Payment networks have paused their implementation of a new merchant category code for gun shops. American Express, Discover, Mastercard and Visa have done so but have not said that they would end it completely, Reuters reported Thursday...
