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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 The deal lays bare the growing need for financial services groups to accumulate data. billion on Monday (Feb. 24), according to published reports. The company is now worth more than $74 billion.

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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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Why Consumers Embrace Life Lived Digitally ? And 23 Pct Will Leave Offline Behind

PYMNTS

The quantum leap we wrote about last week now has a price tag attached to it — and now is quantified in a way that shows just how quickly firms of all sizes and across all verticals will have to pivot, if they have not done so already. That shift amounts to roughly $158 billion of sales once done in the physical store.

Retail 73
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bareMinerals’ Back-To-Basics Retail Secret

PYMNTS

Before bareMinerals was a household name in cosmetics – its parent, Bare Escentuals , was a smallish bath and body retailer with an unusual product that had a small problem. That partnership carries a steep price tag – Nilsen will be paid $500,000 to be the face of the of the firm – making it one of the larger brand–blogger hook-ups to date.

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Bitcoin For Night Owls

PYMNTS

was owned by Gery Shalon, an Israeli who headed a computer hacking and fraud scheme that involved over 10 companies and laid bare the personal data of more than 100 million people. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride. According to authorities, Coin.mx

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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

Barely a year in, the banking giant has decided to kill the nationwide project, because it turns out two apps weren’t better than one. billion tagged for this year and significant focus on Chase mobile and digital efforts. But at least it wasn’t alone…. JPMorgan Chase Pulls the Plug on Finn.

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A New Stance Against Traditional Checkout

PYMNTS

In almost four years, only Walmart Pay has managed to cross the 5 percent regular usage mark – and Walmart made it just barely over that line, with 6 percent of customers having used it on their last eligible transaction, according to the latest edition of the PYMNTS/InfoScout mobile wallet adoption figures.