Tag:

Financial Technology

New Rochelle, NY
Business
Chase Boosts Sapphire Reserve Perks, Hikes Annual Fee To $795: Here's What You Get Chase Boosts Sapphire Reserve Perks, Hikes Annual Fee To $795: Here's What You Get
Chase Boosts Sapphire Reserve Perks, Hikes Annual Fee To $795: Here's What You Get Chase is taking its Sapphire Reserve card to a new level as it competes with American Express for luxury credit cardholders. The refreshed Chase Sapphire Reserve card was officially unveiled on Tuesday, June 17. The banking giant also announced the launch of the new Chase Sapphire Reserve for Business card.  Both cards will officially be available on Sunday, June 23. While they're promoting at least $2,500 in annual perks, the cards have a steep $795 annual fee. That fee is 45% higher than when Sapphine Reserve first launched in 2016, CNBC reported. "The new Sapphire Reserv…

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by Chris Spiker
Hartford, CT
Business
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart is using its own financial technology startup to launch a major credit card program. Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9. The move comes after Walmart ended its previous credit card partnership with Capital One years ahead of schedule. Walmart had leaned on Capital One as its exclusive credit card issuer since 2018, but sued to exit the agreement early in 2023, CNBC reported. Capital One later claimed Walmart wanted to end the contract to shift transactions to OnePay. At the time the partnership ended, the Walma…

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by Chris Spiker
Hartford, CT
Business
PayPal Launches AI Chat Shopping: Here's How The New Feature Works PayPal Launches AI Chat Shopping: Here's How The New Feature Works
PayPal Launches AI Chat Shopping: Here's How The New Feature Works An artificial intelligence search engine will soon help Americans buy products, book trips, and check out with PayPal or Venmo in online chats. Perplexity is teaming up with the financial technology giant for the new chat-based shopping experience, PayPal announced on Wednesday, May 14. The service is expected to be available in the US in the summer. Shoppers can make purchases within chat prompts on Perplexity Pro. "This partnership unlocks new possibilities, where conversations now drive commerce," said PayPal president and CEO Alex Chriss. "We're making it easy and secure…

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by Chris Spiker
Hartford, CT
Business
Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money
Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money Zelle has officially ended payments through its standalone app. A notice appeared in the Zelle app on Wednesday, April 2, telling users that they could no longer use the app to send or receive money. Those who still have the app can still log in to view their transaction history, but transfers are no longer supported. Zelle said it had about 151 million users in 2024, with people and businesses sending more than $1 trillion. "This app is no longer available for sending and receiving money," the notice said. "You will be able to log in until August 11, 2025, but not send…

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by Chris Spiker
Westfield, NJ
News
Trump Taps NJ Billionaire High School Dropout To Helm NASA: Meet Jared Isaacman Trump Taps NJ Billionaire High School Dropout To Helm NASA: Meet Jared Isaacman
Trump Taps NJ Billionaire High School Dropout To Helm NASA: Meet Jared Isaacman Jared Isaacman, a North Jersey high school dropout who founded a billion-dollar company, has been nominated to be the new administrator of NASA. President-elect Donald Trump announced Isaacman's nomination in a post on his Truth Social account. "Jared will drive NASA’s mission of discovery and inspiration, paving the way for groundbreaking achievements in space science, technology, and exploration," Trump wrote. " Over the past 25 years, as the Founder and CEO of Shift4, Jared has demonstrated exceptional leadership, building a trailblazing global financial technology company. Jared’s pass…

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by Sam Barron
Darien, CT
News
Scammers May Victimize Peer-To-Peer App Users, CT Attorney General Warns Scammers May Victimize Peer-To-Peer App Users, CT Attorney General Warns
Scammers May Victimize Peer-To-Peer App Users, CT Attorney General Warns Federal and state officials are warning consumers to be vigilant when using “peer to peer” apps like CashApp, Venmo, PayPal, and Zelle to avoid losing money, giving out valuable personal information, or being victimized by scammers. Like any product, consumers must make informed decisions with regard to the use of financial technology products including the “peer to peer” applications for smartphones, otherwise known as “prepaid accounts” or “P2P account.”  P2P Apps have become increasingly popular through companies like Venmo, Zelle, Cash App, and PayPal. While these apps can be used …

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by Kathy Reakes