Electronic Payment Systems

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing

17Dec

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Money

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing

Priscilla Rodriguez, an overnight stocker at a Walmart, has a strategy to protect her credit score as she and her husband look to buy a house.The Sunland Park, N.M., resident uses installment loans from Afterpay to buy groceries, her pricey skin-care products and art supplies for her 10-year-old son, which keeps the balance on her two credit cards low—and the credit agencies in the dark. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Digital Payments Are Having a Jolly Holiday

3Dec

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World

Digital Payments Are Having a Jolly Holiday

This year’s Black Friday might not have been marked by stories of mobs of shoppers like in past years, but it made up for that drama digitally.In-store U.S. retail sales on Black Friday rose 1.1% over last year, according to Mastercard SpendingPulse, and e-commerce sales were up 8.5%. That might help give a second wind to digital payments stocks whose shares have struggled at times in the postpandemic era. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

2Dec

By adminNo Comments

Money

Digital Payments Are Having a Jolly Holiday

This year’s Black Friday might not have been marked by stories of mobs of shoppers like in past years, but it made up for that drama digitally.In-store U.S. retail sales on Black Friday rose 1.1% over last year, according to Mastercard SpendingPulse, and e-commerce sales were up 8.5%. That might help give a second wind to digital payments stocks whose shares have struggled at times in the postpandemic era. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start

28Nov

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World

The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start

Updated Nov. 28, 2023 12:17 am ETBroadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve.For months, Chinese regulators wouldn’t clear the U.S. chipmaker’s bid to buy enterprise software developer VMware, leading Broadcom to put off its date for completion of the deal—first announced in May 2022—three times. Beijing had held up previous mergers involving U.S. companies. Intel’s planned acquisition of Israeli firm Tower Semiconductor, for more than $5 billion, was scuttled in August after Chinese regulators failed to approve it.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reser...

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

27Nov

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World

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

Updated Nov. 26, 2023 2:50 pm ETRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell.The cards, which typically can only be used at a particular chain, have been a lucrative source of revenue for retailers as merchandise sales have slowed. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Nov

By adminNo Comments

World

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

Updated Nov. 26, 2023 2:50 pm ETRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell.The cards, which typically can only be used at a particular chain, have been a lucrative source of revenue for retailers as merchandise sales have slowed. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8