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Instacart Business customers can now apply for invoicing, receive instant credit decisions and manage payments within the app, with no redirects or third-party logins.
This pay-by-invoice offering is enabled by a new integration of Balance’s financial infrastructure for B2B businesses with the Instacart platform, the companies said in a Tuesday (April 15) press release.
“We heard from our...
Grocery giant Albertsons says inflationary pressures continue to push its shoppers to seek value.
The company on Tuesday (April 15) released earnings showing 24% upticks in digital sales for the quarter and full fiscal year.
Identical sales were up 2.3% for the quarter — 2% for the year — while the company’s loyalty program membership climbed 15% to 45.6 million.
Management noted on an earnings...
While Americans are worried about the economy, it hasn’t kept them from spending.
As The Wall Street Journal (WSJ) reported Tuesday (April 15), Bank of America’s latest earnings report showed consumer spending increasing when tariff worries first appeared. This followed last week’s JPMorgan Chase earnings, which also showed upticks in credit card and debit card spending.
Bank executives also...
Barclays is reportedly in advanced talks to sell a stake in its payments business to Brookfield Asset Management.
An announcement of a deal could come this week, though no final agreement has been reached and there could be a delay, Bloomberg reported Tuesday (April 15).
A spokesperson for Barclays said in the report: “We are exploring a number of options for investment in our market-leading...
Klarna has teamed with Clover to bring its pay-later offering to that company’s point-of-sale system.
The partnership will let shoppers pick Klarna’s installment payment option at more than 100,000 merchants in the U.S., according to a Tuesday (April 15) news release.
“The agreement marks a major step in Klarna’s push into in-store shopping options, which will allow shoppers to use Klarna not...
Turmoil can be challenging for everyday consumers but offer the sophisticated investor opportunity.
Citigroup on Tuesday (April 15) announced its first quarter 2025 financial results, spotlighting a 23% bump in trading profits amid ongoing macro uncertainty. At the same time, Citi’s credit costs increased 15% to $2.7 billion due to higher losses in card portfolios and an allowance for credit...
The European Union reportedly expects most of the U.S. tariffs to remain in place after a Monday (April 14) meeting between EU and United States officials made little progress.
The meeting saw the officials remain divided on several trade issues, Bloomberg reported Tuesday (April 15), citing unnamed sources.
U.S. officials said the 20% reciprocal tariffs that have been paused for 90 days and...
A federal judge has thrown out the Consumer Financial Protection Bureau’s (CFPB) late fee cap.
The ruling by U.S. District Judge Mark Pittman came after the bureau agreed with opponents that the rule was illegal, Reuters reported Tuesday (April 15).
Pittman granted a joint request by the regulator and a collection of business and banking groups including the U.S. Chamber of Commerce and American...
European neobank Bunq is on the road to getting a banking license in the United States.
The company filed for a broker-dealer license, part of a two-stage strategy to enter the American market, according to a Tuesday (April 15) news release. With this step, the company can collect operational insights and user feedback before reapplying for a full banking license later in the year.
“As Bunq...
LightSource Labs emerged from stealth Tuesday (April 15) and said it raised $33 million in seed and Series A funding to scale its artificial intelligence (AI)-native enterprise procurement platform.
The company will use the funding to scale its team, continue enhancing its platform’s capabilities and expand its reach into new sectors, LightSource said in a Tuesday press release.
“We want to make...