Page 59 - Bi Intelligence News Today

Amazon Web Services (AWS) cloud servers went down yesterday, causing massive outages to chunks of the internet.

American Express expanded its partnership with startup Nova Credit so US immigrants can use their home-country credit history to apply for Amex cards.

Kueski offers consumer installment lending in Mexico, and Nigeria-based TradeDepot offers B2B BNPL for online merchants.

Evolving open banking legislation and user experience enhancements will demand further spending in 2022.

A PYMNTS report outlines how banks can remove an impediment to winning over consumers' trust by improving data-consent processes.

Federal agencies are developing a crypto asset road map to clear up whether banks can legally conduct certain crypto activities.

Despite higher interest in credit cards, customers are paying off their balances faster, which could complicate issuers' profitability goals.

Consumers have shifted their shopping habits and payment preferences to contend with supply chain issues, inflation, and smaller discounts than usual.

The CFPB's warning of a crackdown on overdrafts is a step toward returning control and choice to consumers.

CEO Dan Schulman said volume skyrocketed 400% on Black Friday, which may foreshadow performance for the rest of the season.