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Freight Spot Rates, Volumes On Upswing Amid Retail Demand – But Will It Last?

PYMNTS

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. As Eric Starks , president and CEO of FTR, was quoted as saying, high demand and low inventories “put pressure on the movement of goods.”

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Freight Spot Rates, Volumes On Upswing Amid Retail Demand – But Will It Last?

PYMNTS

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. As Eric Starks , president and CEO of FTR, was quoted as saying, high demand and low inventories “put pressure on the movement of goods.”

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Visa: Debit Volume Up As Consumers Spend With Funds On Hand

PYMNTS

28) that showed a rebound in pent-up demand, with volumes up quarter over quarter. Payments volume was up 4 percent in the latest period as measured year over year, while processed transactions were up 3 percent. credit volumes came in at $493 billion, while debit totaled $603 billion. trillion in the company’s fiscal Q3.

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MoneyLion Launches Marketplace Solution to Simplify Financial Product Purchases for Consumers

The Fintech Times

By integrating consumer and third-party data directly with MoneyLion’s financial services product partners, these providers can increase the number of their conversions, and expedite consumer onboarding. “And this isn’t just about simplifying the process for consumers. .

Product 59
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Banks Must Offer Financial Management Tools to Meet Consumer Demands and Beat Competition

The Fintech Times

Tink , the data enrichment and payment services platform, has conducted research into UK consumers’ attitudes to financial management tools. These findings are extremely timely as 75 per cent of UK consumers are mindful about what they are buying due to high costs. It has revealed that as many as 7.6

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Trustly and Cross River Lead RTP® Adoption Approaching 10% of Total Network Volume

Fintech Finance

Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023. The rapid adoption of its RTP® service has led Trustly to now be approaching 10% of the RTP® network’s total transaction volume.

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How FloQast AI Transaction Matching Simplifies Reconciliation for Modern Accountants

FloQast

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. These challenges are often exacerbated by time-consuming manual matching processes and inconsistencies in data.