December, 2024

December, 2024

Retailers Rewrite Playbooks as Consumers Tighten Budgets, Shift Spending
Retailers across the U.S. are confronting a new era of cautious spending as consumers tighten their belts in response to ongoing economic pressure. Inflation, rising living costs and a backdrop of pol...

Booking CFO: Inflation Continues to Scare US Travelers
Booking.com says the impact of inflation continues to hamstring the U.S. travel industry. Demand is down as cautious consumers hold off on making their vacation plans, Ewout Steenbergen, the online tr...

FTC Targets ‘Junk Fees’ in Event Ticketing and Lodging Sectors
The FTC has unveiled a rule blocking “bait-and-switch” pricing for hotels and concert tickets. Such tactics, the Federal Trade Commission (FTC) said Tuesday (Dec. 17) are used by the live-event ...

Trustly and Fitness Software Firm BRP Team on Open Banking
Open banking payments provider Trustly has launched a partnership with fitness/wellness software-maker BRP Systems. The collaboration, announced Tuesday (Dec. 17), integrates Trusty’s payment soluti...

Morgan Stanley Taps Wise Platform to Accelerate Cross-Border Settlements
Morgan Stanley will offer its clients high-speed cross-border settlements through Wise Platform. The investment bank tapped this solution from Wise, a global technology focused on money movement, to f...

Nubank Helps Digital Lender Tyme Reach $1.5 Billion Valuation
South Africa-based digital bank Tyme has achieved unicorn status with the help of fellow FinTech Nubank. The company announced Tuesday (Dec. 17) that it had raised $250 million in a Series D fund...

BNPL Provider Affirm Holdings Announces Proposed Private Offering of $750M of Convertible Senior Notes
BNPL provider Affirm Holdings, Inc. (Nasdaq: AFRM) announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of Convertible Senior Notes...

US Department of Treasury’s Office of Foreign Assets Control Sanctions Two Individuals Related to North Korea Crypto Laundering Ploy
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against two individuals and a single entity regarding money laundering to the benefit of North Kor...

Crypto Malware: Significant Surge in Interest for Crypto Stealing Drainers on Dark Web – Report
Dark web threads discussing crypto-drainers – malware designed to drain cryptocurrency wallets – saw a rise in 2024, as revealed by the Kaspersky Security Bulletin. Kaspersky reported a “40% spi...

Morgan Stanley Partners with Wise on Payments
Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and trans...

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B&T Television

March