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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

The open banking platform’s valuation is up more than 60 percent from the €415 million it was worth in January. The feature is expected to appeal to creators and brands, and will also allow users to add shopping tags to their posts. Record eCommerce sales will translate into high rates of returns this holiday season.

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JPMorgan’s Finn, Digital Banking App For Younger Clients, Is Finis

PYMNTS

Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital means and specifically through a digital banking app — the firm is killing that particular nationwide project. billion tagged for this year and with significant focus on Chase mobile and digital efforts.

Banking 56
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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

PYMNTS

The Apple Card looms, with a rollout that began last week through Goldman Sachs, and according to at least one analysis, the card might underwhelm consumers, lead to muted results (at least at the outset) for its tech and banking backers, and for Goldman, even lead to losses, depending on the economic climate.

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Visa On Bringing More Female Founders Into The Reinvention Of Retail

PYMNTS

times the rate of their male counterparts. One hundred percent of the proceeds from the sale will go to support Women’s World Banking, a nonprofit that provides women entrepreneurs around the world with financial tools and resources. In fact, women are founding new firms at 1.5 Leveraging A New Connection Point .

Retail 76
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Russia in Ukraine: Let Loose the Dogs of War!

CFO News Room

Even the ratings agencies, normally slow to act, have been moving promptly, with Moody’s lowering Russia’s rating from Ba2 to B3 on March 3, from B3 to Ca on March 6 and from Ca to C on March 8, and Ukraine’s rating from B3 to Caa2 on March 4. Other ratings agencies have also taken similar actions.

Economics 130
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Ahead Of Apple Earnings, Apprehension Over Apps?

PYMNTS

Amid a general downdraft in technology companies, investors fret about slowing growth, about interest rates, about the state of the mighty U.S. The iPhone will take center stage, of course, and there will be interest in average selling prices and whether the $999 tags will stick. consumer headed into the holidays.

Numbers 46
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Apple iPhone Shipments Take Double-Digit Hit In China

PYMNTS

The price tag of Apple’s latest iPhones, combined with an economic slowdown and extending smartphone replacement cycles, were named by IDC as the culprits behind the dive in sales at the Cupertino, California handset maker. According to a report in Bloomberg citing IDC, the smartphone market in China contracted 9.7