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Credit Card News
Chase Adds Air Canada as Transfer Partner Ahead of Credit Card Debut
At the end of last year, Chase and Air Canada announced plans to launch a co-branded credit card for the U.S. market. While that product is still in the works, the first development in the duo's partnership has arrived. As of this week, eligible Chase cardholders can transfer their Ultimate Rewards points to their Air Canada Aeroplan accounts. Chase Ultimate Rewards customers can elect to transfer points to Aeroplan in...
FinTech News
"FinTech as a Service" Company Rapyd Raises $300 Million
As a record year for FinTech continues, this week, Rapyd announced that it had raised another $300 million. The Series E round was led by Target Global with participation from new investors Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer as well as returning investors General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital. To date, Rapyd has now raised...
Small Business News
Paychex Small Business Jobs Index Jumps in July
On the heels of news that the United States economy grew 6.5% last quarter, the latest Paychex | IHS Markit Small Business Employment Watch report found a sharp increase in small business job growth as well as a significant bump in hourly wages these businesses pay. In July, the Small Business Jobs Index increased by 0.85 points to reach 99.36. This actually marked the second largest single-month jump since 2010....
Credit Card News
Walgreens Reveals MyWalgreens Reward Credit Cards
Earlier this year, drug store chain Walgreens announced that it would be partnering with Synchrony and Mastercard to offer a new co-branded credit card to consumers. Now, more details about that planned product have emerged. Walgreens will actually be releasing two separate credit card products: the myWalgreens Credit Card and the myWalgreens Mastercard. While the former can only be used at Walgreens and Duane Reade locations and on Walgreens.com, the...
FinTech News
Square to Acquire Afterpay, Integrate BNPL Into Existing Platforms
FinTech giant Square is once again looking to expand its reach and venture into other aspects of finance — this time setting its sights on "buy now, pay later" (BNPL). Over the weekend, Square announced plans to acquire the Australia-based service Afterpay. With the deal anticipated to be paid in stock, the implied value of the transaction is $29 billion based on Square's share price as of July 30th. The transaction...
FinTech News
Robinhood Flounders in Market Debut, End First Day Down 8%
After years of hype and some high-profile missteps, yesterday the stock trading app Robinhood went public, hitting the Nasdaq under the ticker symbol $HOOD. Unfortunately, the FinTech faltered in its debut, closing down 8% from its opening price. What's more, the $38 IPO share price was on the low end of the company's targetted pricing range. Robinhood's public offering was always set to be one to watch for a number...
Credit Card News
