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Ally Now Provides Financing On Sezzle's Platform

Ally Bank’s personal lending division, Ally Lending, has brought its financing services to retail payments platform Sezzle, according to a Tuesday (May 18) announcement. "People expect to be able to pay over time when they check out," Hans Zandhuis, head of Ally Lending, said in the announcement. "By blending our FinTech platform with the strong banking foundation of Ally Bank, we're now able to give people that...

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Walmart Sees Year Of Pent-Up Demand At Stores; Says Consumers ‘Want To Get Out’

The world’s largest brick-and-mortar retailer delivered better than expected top and bottom line growth Tuesday (May 18), as Walmart said more customers bought merchandise online and were increasingly inclined to head into its 10,500 stores. Alongside its latest quarterly results for the three months ended April 30, Walmart also nudged its second-quarter and full-year guidance higher citing its growing confidence with the post-COVID...

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Next-Gen Debit Gaining New Users And Use Cases Through The Pandemic — And After

Debit is beloved by the masses, still standing as an original bastion of spend control even as the digital transformation of payments rolls on with shiny new tools and toys. Happily, debit is keeping up with pandemic-era payments trends, and even pulling ahead in some ways. PYMNTS' May 2021 Next-Gen Debit Tracker®, done in collaboration with PULSE, a Discover company, is a compendium of debit innovations coming to market in 2021,...

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B2B InsurTech Navigates A Real-Time Payments Future

Gone are the days of working with brokers to procure a business insurance policy. For a younger generation of business owners and managers especially, the need to research, procure and manage insurance products online is crucial, and it has given rise in recent years to a community of InsurTechs taking a digital-first approach to what has historically been a very paper-intensive industry. But an insurance firm must do more than simply...

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How X-Border B2B Payments Efficiency Supports ROI On LATAM Expansion

While Latin America certainly plays a strategic role for many businesses expanding internationally, it is often not their core market and, as a result, can be a tough sell for investment. Increasingly, expanding into new jurisdictions requires a significant focus on understanding local payment standards and regulations — not to mention overcoming language barriers and mitigating the supply chain risks that can arise with any...

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Amazon Could Make $9 Billion Bid For MGM Acquisition

Amazon is reportedly in talks with Metro Goldwyn Mayer (MGM) on an acquisition deal that could be as much as $9 billion, Financial Times (FT) reported, citing sources. Like other entertainment studios, MGM was crippled by the pandemic as movie theaters closed and people locked down at home. It postponed the release of its latest James bond film, “No Time To Die,” four times. It is now scheduled for release in theaters on Sept. 30...

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InstaMed: Digitization Emerges As Cure For Healthcare Payments

Healthcare payments in the United States may not be all that healthy — a diagnosis easily made with a quick glance at the less-than-inspiring numbers that continually roll in from the segment. According to PYMNTS’ Healthcare Payment Experience Report released earlier this year, 22 percent of patients who described themselves as “very” or “extremely” loyal to their current physicians or healthcare services would be...

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Connected Tech Overcomes Hearing Aids Stigma

According to government estimates, hearing aids are needed by 25 percent of those aged 65 to 74 and up to 50 percent for those 75 and older. In all, about 28.8 million U.S. adults could benefit from using hearing aids. And yet, the figures also show, far fewer people wear hearing aids than need them. Among adults aged 70 and older with hearing loss who could benefit from hearing aids, fewer than 1 in 3 (30 percent) have ever used...

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Mecum Auctions Now Takes Crypto Via BitPay For Collector Cars

Mecum Auctions, a collector car auction company, will be accepting cryptocurrency for payment, according to a press release. The payments will be accepted via BitPay, the release stated. Mecum is hoping its new crypto-payment abilities will open new doors and allow new types of customers to come in. Those who have registered as bidders will now be able to pay for collector car services via bitcoin, and online bidders will also now have...

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Big Tech Compliance Tracker: Khan’s FTC Nomination Will Proceed To Full Senate Vote; US Judge Pauses Discovery In Facebook Case

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Lina Khan’s Nomination Will Proceed To Full Senate Vote Law professor Lina Khan, who is a critic of the market power of Big Tech firms, seems to be heading toward having a seat on the Federal Trade Commission (FTC) after a bipartisan endorsement from the Commerce, Science and Transportation Committee of the U.S. Senate. Each of...