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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

DC AG Sues Instacart Over Fees Customers Thought Were Tips. Klarna, the Swedish-based global payments and buy now, pay later (BNPL) provider, reported mixed results for 2020’s first half — a 37 percent jump in operating income, but a 903 percent expansion in overall operating losses. operation in Culver City, California.

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Five Ways QSRs Are Encouraging Diners To Skip Lines And Order Ahead

PYMNTS

Reward points and discounts aren’t the only tool in the QSR playbook: The tracker found that many companies in the industry are looking to increase the convenience and security of their mobile-order ahead services. The company also planned to make order pickup more streamlined by redesigning its locations.

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The day that digital currency started

Tomorrow's Transactions

Many of the retailers were quite enthusiastic because there was no transaction charge and for some of them the costs of cash handling and management were high. “From a retailer’s point of view it’s very good,” said news-stand manager Richard Jackson. DC/EP is the Chinese Central Bank Digital Currency (CBDC).

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Hill Country And The Social Complexity Of Going Cashless

PYMNTS

Managing cash and handling cash is time-consuming and cumbersome. Cash was actually shaping up to be a security liability for Hill Country, which kept getting robbed. and nationwide about whether cashless operation is discriminatory. Hill Country, as of the middle of this month, stopped taking cash.

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit. The branchless community bank operates in the Wilmington-Philadelphia market.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. They haven’t tried a “twist” since the 1960s. Thank you, Steve! Thanks for reading!

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GonzoBanker Awards 2017

Gonzobanker

Endless CRM and data management projects that shook our foundations and gutted our PMOs. The Just Kidding About the Whole Bank Thing Award – Goes to Fintech darling SoFI , whose management shakeup amid “behavioral issues” shifted the legal efforts from charter application to lawsuit and damage control. FinTech threats and distractions.