Deep Dive: Buy Now, Exercise Now, Pay Later

PYMNTS

Exercise can help individuals maintain both their physical and mental health, and there are myriad options available for fitness beginners and enthusiasts alike. Exercise options’ often hefty costs can put a damper on this enthusiasm, however.

SoulCycle To Debut Home Exercise Bike To Compete With Peloton

PYMNTS

Retail Bike exercise home fitness News Peloton SoulCycle spinning subscription What's HotSoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports.

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Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike

PYMNTS

Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike. Peloton Interactive Inc. ,

Why banks are rewarding customers for exercising

American Banker

Discovery Bank in South Africa and other overseas financial companies say healthier customers are more profitable. They are giving reward points, gym subsidies and even free Apple Watches to those who meet fitness goals. Fintech Financial wellness Loyalty and rewards

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

Just when it seemed America was starting to actually use gym and fitness studio memberships that so often fall dormant after a few visits, COVID-19 shut down the workout industry hardcore. Consider the empty gyms and studios of 2020 as compared to mere months ago. “In In 2019, U.S.

Basking in foreign fintech investment, India exercises its kingmaker role

Payments Source

Last week, Indian regulators ordered an antitrust probe of Walmart and Amazon while Jeff Bezos and other Amazon execs traveled to New Delhi to tout a $1 billion investment to digitize local businesses. The message is U.S. investment is welcome, as long as U.S.-driven

Will Exercise Junkies ‘Save’ The Smartwatch?

PYMNTS

The activity tracker became the device of choice for the middle-aged consumer looking to get in better shape by starting an exercise routine. That said, activity tracker companies must continue to broaden their portfolios to satisfy more exercise-focused consumers, combining specialist functions with generalist capabilities.”. So, if the smartwatch has a future — and companies like Apple are praying that it does — maybe it’s with the uber-fit exercise junkies?

Get Financially Fit With These Money Management Exercises

BankBazaar

Here are some sure-shot exercises that will give your money the workout it needs. Depending on what category your finances fit into, you can follow the prescribed exercises – they’re worth the end result. Recommended exercises: Check your Credit Score every month so that you can figure out where you stand in the eyes of lenders and plan your credit applications wisely in the future. Want your finances to look their absolute best?

California Dept. of Financial Protection and Innovation announces plans to exercise expanded powers under Consumer Financial Protection Law

CFPB Monitor

In its January 2021 monthly bulletin , the DFPI stated that, with the CCFPL now in effect, the DFPI will begin exercising its “expanded powers to better protect consumers from unlawful, unfair, deceptive, and abusive practices.”

CA DFPI exercises its new enforcement authority against coding school’s income-based deferred tuition agreement

CFPB Monitor

The California Department of Financial Protection and Innovation announced last week that it has entered into a consent order with Lambda, Inc., which does business as Lambda School, to settle the DFPI’s claims that a provision in Lambda’s student financing contracts was misleading.

FDIC advises banks to exercise caution with agricultural loans

American Banker

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers. Risk management Policymaking Ag lending Agriculture industry Farm and rural mortgages FDIC

PSD2: Another painful compliance exercise or an opportunity?

Bobsguide

The European Commission’s revised Payment Services Directive (PSD2) will bring about one of the biggest changes that the banking sector has ever faced. However, as the Commission has indicated this is not a change being dictated by banks; it is a reaction to the ongoing disruption of payments

Fed's Brainard backs stress test-like exercise to address climate risks

American Banker

Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy. Federal Reserve Climate change Stress tests Lael Brainard

Connected Fitness Competition Grows For Peloton

PYMNTS

Worldwide" invested in connected exercise bike company Echelon and fitness brand Beachbody going public this week, the competition between companies looking to entice consumers who want an online, at-home workout is getting stiff, with even Facebook is signaling its interest.

Note to Regulators: Exercising Fiduciary Responsibility is Not a Community Bank Board Problem – But You Might Make It One!

Finer Points

As community bankers we have a fiduciary responsibility to our customers and communities as well as our shareholders. While it may not always be an explicit legal duty, it’s inherent to the community bank relationship business model and serves a key role in our success—after all, community banks only succeed when their customers and communities do the same. That’s […]. Community Banks

Tonal Seeks More Funding To Produce $3K Home Workout Stations

PYMNTS

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry.

Fitness Platforms Expand Offerings As Consumers Work From Home

PYMNTS

Today In Data Commerce exercise fitness News payments Retail Streaming Today in Data workoutsFitness and wellness platforms are expanding their offerings as Americans continue working from their residences and gym facilities have limited operations because of the pandemic.

Installment Payments Push Sports-Equipment Sales Over The Finish Line

PYMNTS

consumers to take their exercise routines indoors. percent of Americans exercise for 30 minutes at least three days per week, but between gym memberships and fitness classes, the costs of this hobby can begin to add up.

ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry

PYMNTS

Coronavirus business ClassPass COVID-19 digital classes economy exercise Featured News fitness industry Government gyms News Rent stimulus

Late Delivery: Peloton Q1 Earnings Include Warning On Shipping And Customer Support

PYMNTS

Earnings Coronavirus exercise industry fiscal Q1 News Peloton subscription commerce supply managementRare is the earnings announcement and subsequent analyst call that starts with a mea culpa from the CEO. Especially one that’s full of good news on the surface. But that’s exactly what happened Thursday evening (Nov.

Connected Fitness Gets Into The Boxing Ring

PYMNTS

Connected fitness allows them to exercise at home and still get the benefits of a gym, with the addition of that social aspect of personal training.”. Retail boxing connected fitness direct-to-consumer DTC exercise fitness home fitness home workouts Liteboxer News

Fitness Goes Micro With ‘Workout Pods’ Designed For On-Demand Exercise

CB Insights

With 1.35 billion people – or roughly 20% of the world’s population – living in China, real estate is at a premium in the country’s urban areas. As a result, brick-and-mortar businesses in China’s big cities are going small.

ClassPass Lands $285M To Scale Fitness Marketplace

PYMNTS

Subscriptions ClassPass exercise fitness funding group fitness Health Investment News reservations Retail subscriptions Venture Capital Wellness What's Hot

Flywheel To Shutter Some Cycling Locations

PYMNTS

In the latest reported sign that boutique fitness studios are struggling to keep pace with home exercise offerings, Flywheel Sports Inc. The report also noted that Peloton has grown to have over 500,000 subscribers for its exercise products and fitness apps. Retail closures exercise fitness Flywheel News What's Hotis shuttering over a quarter of its locations. The New York-based company said it will close a dozen of its 42 stores, Bloomberg reported.

Bringing The Jane Fonda Magic To Streaming Fitness Classes

PYMNTS

Aerobic workouts, strength training, Pilates, yoga, cycling – name a form of exercise, and the odds are good to great that there plenty of fitness apps one can choose from to work out at home. Retail Editors' Picks exercise fitness mobile apps News Obe on-demand Shop Talk Streaming workoutsThere is no shortage of apps aiming to help consumers improve their fitness, on the go and on their own time.

Groupon And The Big Business Of Beauty

PYMNTS

Retail anti-aging products beauty beauty products Cosmetics exercise facials Featured News fitness floatation tank grooming Groupon gym memberships hand cream Health laser hair removal makeup Massage mobile app moisturizer News shaving products spas supplements waxingBeauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.”

Online Fitness Experiences Where Signup Is The Light Lift Differentiator

PYMNTS

Retail content streaming exercise fitness News subscription commerce subscriptionsFor fitness aficionados and those just looking to get in a workout, several online platforms have emerged to help them bring home the gym experience. But NEOU Co-founder Nathan Forster found that existing offerings forced consumers to buy expensive equipment and lacked a great user experience. “I

Noom’s New Approach To Solving The Obesity Epidemic

PYMNTS

The brand is frequently billed as the Weight Watchers for millennials – in fact, the two share some similarities: Users set a weight loss goal, and then undertake a customized diet and exercise plan to attack that goal over 16 weeks, during which time they log their food consumption and activity, which is pretty standard for any weight-loss app. The accountability aspect — inputting data such as caloric intake, sleep, exercise, etc.

Uber Of X: SwitchFit Is The Uber Of Workout Regimens

PYMNTS

uber of x exercise fitness gyms Retail studios SwitchFit Uber of X working out workoutYear after year, it’s safe to say that most New Year’s resolutions include some form of getting in better shape. People join a gym with good intentions, but then their rate of going either slows down or stops altogether. Consumers seem to want to be in physically good shape, but when it comes to that journey, most have a hard time committing to a specific gym or routine.

Cryptomathic signs on as PCI SSC participating organization

Mobile Payments Today

The company hopes its experience as a designer of secure software solutions can help PCI become 'a business enabler, rather than a simple compliance exercise

Security is about as good as a fart in a spacesuit

Chris Skinner

I know lots of grumpy old men like me lament that, when we were growing up, we were left outside to run about as we felt, find our own way to and from school, were encouraged to read more and exercise, and such like. It’s a weird world. It seems … The post Security is about as good as a fart in a spacesuit appeared first on Chris Skinner's blog. Grid Opinion

Measuring success in intelligent document processing

BankInovation

In the long run, the majority of return on investment (ROI) from an automation exercise accrues from reduction […]. Straight through processing (STP) refers to transactions that pass straight through a system from start to finish without any manual intervention.

Bankers identify 2020’s greatest strengths and challenges

Bank Innovation

This exercise helps keep track of past triumphs for further success and turn past deficiencies into future victories. When preparing for a new year, it helps to assess what went well and what didn’t in the previous year.

4 part series on Lightning Network Part 4: Pooh Bear says disruptive change takes longer than expected but impact is bigger than expected

Daily Fintech

Pooh, exercising his role as moderator at the Pooh Corner Tech Debate, pointed out that most people in the audience are focussed on the supply issues around Lightning Network ie how it works, but that the bigger issues maybe around the demand issues ie who will use it.

Here is a New Idea to Blow Up Your Bank’s Strategic Planning

Banker to Banker

Chances are your strategic planning process is a good budgeting exercise, but a poor driver of strategy. If you are like 90% if banks out there, chances are your strategic planning process is not all that effective.