The turnaround plan for Peloton prioritizes the growth of its digital offerings over its high-end bike and treadmill sales as the company looks to boost its recurring revenue and appeal to a wider user base. In outlining the company’s budding Fitness as a Service approach,...
Payments fraud is not just a matter of end user vulnerability — the unwitting consumer who clicks on a link or the authorized push payment that disappears into the proverbial ether after a fraudster impersonates a family member or friend via text message. Payments fraud...
Anecdotal evidence is enough to show just how bad supply chains really have become. Consider the fact that in just the last few weeks, supply chain dynamics — or lack thereof — have pushed the prices of cars up double-digit percentage points. The average new...
There was a time when grocers hoping to make their offerings available online, especially those without the resources to build out an entire in-house delivery business, had few options other than relying on third-party marketplaces such as Instacart. Now, however, as grocers’ digital needs have...
May 05, 2022
For Block, the parent company of Square, buy now, pay later (BNPL) is already paying off. Head Jack Dorsey and Chief Financial Officer Amrita Ahuja told analysts that the firm’s latest results indicate that BNPL — in the wake of its January acquisition of Afterpay — is helping generate repeat consumer transactions and increased conversion […]
September 14, 2022
Saying swipe fees for credit cards in the U.S. are seven times higher than those in Europe, more than 1,600 merchants have reportedly signed a letter urging members of Congress to vote for a bill that would boost competition among credit card networks. The letter — which was organized by the Merchants Payments Coalition — […]
June 29, 2022
Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators after the FinTech startup failed...
