Banking – Tags Area http://tagsarea.com/ Sat, 09 Oct 2021 14:35:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tagsarea.com/wp-content/uploads/2021/04/tags-area-icon-150x150.png Banking – Tags Area http://tagsarea.com/ 32 32 SouthState Corporation – Consensus Says Potential 5.2% Hike https://tagsarea.com/southstate-corporation-consensus-says-potential-5-2-hike/ https://tagsarea.com/southstate-corporation-consensus-says-potential-5-2-hike/#respond Sat, 09 Oct 2021 14:35:09 +0000 https://tagsarea.com/southstate-corporation-consensus-says-potential-5-2-hike/

Southern Crown Corporation with ticker code (SSB) now have 7 total analysts covering the stock. The consensus rating is “Hold”. The range between the high target price and the low target price is between 92 and 67 and has an average target of 82.14. Now, with the previous closing price of 78.07, that would imply a potential rise of 5.2%. The 50-day moving average is now at 70.17 and the 200-day MA is at 78.12. The company’s market capitalization is $ 5,466 million. You can visit the company’s website by visiting: http://www.southstatebank.com

The South State Corporation is the banking holding company of the South State Bank which provides a range of banking services and products. The company accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposit and other term deposits. It also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, as well as consumer loans, including auto, boat and personal installment loans. In addition, the company provides cash management services, merchant services, debit card products, automated clearinghouse services, vault services, remote deposit capture services and other treasury services. As of December 31, 2020, it was serving its customers at 285 branches in Florida, South Carolina, Alabama, Georgia, North Carolina and Virginia. The company was formerly known as First Financial Holdings and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

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Should you take out a personal loan to pay off your credit card debt? https://tagsarea.com/should-you-take-out-a-personal-loan-to-pay-off-your-credit-card-debt/ https://tagsarea.com/should-you-take-out-a-personal-loan-to-pay-off-your-credit-card-debt/#respond Thu, 07 Oct 2021 13:00:22 +0000 https://tagsarea.com/should-you-take-out-a-personal-loan-to-pay-off-your-credit-card-debt/

No matter how hard we try to cover our expenses, sometimes life throws the curveballs at us, like home or car repairs that can’t be delayed. When this happens, it’s pretty easy to build up a credit card balance.

If you owe money on your credit cards, you might be wondering if consolidating that debt through a personal loan is the right choice. And the answer? It might be.

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The advantage of personal loans

A personal loan allows you to borrow money for any reason. So if you have multiple credit card balances hanging over your head, consolidating them with a personal loan could make a lot of sense.

In many cases, you will be entitled to a lower interest rate on a personal loan than your credit cards charge you on your debt. This is especially true if you have a high credit score. As such, using a personal loan to pay off credit cards could make your debt cheaper to eliminate.

Plus, as long as you make your personal loan payments on time, having that loan shouldn’t hurt your credit score. On the other hand, too much credit card debt can hurt your credit score.

One factor that goes into calculating your credit score is your credit utilization rate. This ratio measures the amount of available revolving credit you are using at one time.

The higher this ratio, the more damage it can cause. But personal loan balances are not factored into this ratio because they are not considered a revolving line of credit. Rather, personal loans are installment loans that are repaid in fixed amounts over time. So, from a credit score standpoint alone, a personal loan might be a smarter way to pay off debt.

The downside to personal loans

If you own a home and have a mortgage, you might remember that when you closed your loan you had to find a pile of cash for closing costs. Well, personal loans work the same way in that you will usually pay the closing costs on the amount you borrow. These charges could reduce your savings by lowering the interest rate on your debt.

Additionally, if you have good credit, it might be beneficial to consider a balance transfer before consolidating your credit card debt with a personal loan. A balance transfer allows you to transfer your existing credit card balances to a single card. Often, this new card will come with an introductory 0% APR that will help you avoid accumulating interest on your debt for a period of time. So, if you think you will be successful in paying off your debt before this introductory period expires, a balance transfer may be a better bet than a personal loan.

Finally, personal loans generally impose borrowing minimums. If you don’t have that much credit card debt, it might not be a good idea to take out a personal loan. In this case, a balance transfer may be a more suitable option to explore.

The bottom line

Using a personal loan to pay off credit card debt is a reasonable step. But before you embark on this path, make sure it’s the right choice for you. In some cases, a balance transfer might actually prove to be a more cost-effective way to pay off the debt you’ve accumulated.

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Wells Fargo Sticks To Its Maintenance Rating For Zions Bancorporation National Association By Investing.com https://tagsarea.com/wells-fargo-sticks-to-its-maintenance-rating-for-zions-bancorporation-national-association-by-investing-com/ https://tagsarea.com/wells-fargo-sticks-to-its-maintenance-rating-for-zions-bancorporation-national-association-by-investing-com/#respond Thu, 07 Oct 2021 12:47:00 +0000 https://tagsarea.com/wells-fargo-sticks-to-its-maintenance-rating-for-zions-bancorporation-national-association-by-investing-com/

Wells fargo (NYSE 🙂 Analyst Mike Mayo maintained a hold rating on the Zions Bancorporation National Association (NASDAQ 🙂 on Monday, setting a price target of $ 59, or about 6.05% below the current price of the. share of $ 62.8.

Mayo expects the Zions Bancorporation National Association to post earnings per share (EPS) of $ 2.08 for the fourth quarter of 2021.

The current consensus between 9 TipRanks Analysts are for a moderate buy rating of shares in the Zions Bancorporation National Association, with an average price target of $ 61.78.
Analysts’ price targets range from a high of $ 72 to a low of $ 49.

In its latest earnings report, released 6/30/2021, the company reported quarterly revenue of $ 760 million and net income of $ 0. The company’s market capitalization is $ 10.18 billion.

According to TipRanks.com, Mike Mayo, Analyst at Wells Fargo is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 13.8% and a success rate of 68.10%.

Zions Bancorporation is engaged in the provision of banking and related services and offers commercial, retail banking and mortgage products and services. Its products include personal banking services to individuals, including home mortgages, bank cards, other installment loans, home equity lines of credit, chequing accounts, savings accounts, certificates of credit. deposit of various types and maturities, fiduciary services, secure deposit facilities, direct deposits, and Internet and mobile banking services. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.

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Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

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United has PayPal QR codes for in-flight payments https://tagsarea.com/united-has-paypal-qr-codes-for-in-flight-payments/ https://tagsarea.com/united-has-paypal-qr-codes-for-in-flight-payments/#respond Thu, 07 Oct 2021 00:51:05 +0000 https://tagsarea.com/united-has-paypal-qr-codes-for-in-flight-payments/

United Airlines is partnering with PayPal to make contactless in-flight purchases even though no Wi-Fi is available, World Airline News reported on Wednesday (October 6th).

Beginning in November, United customers on select flights can show a flight attendant a PayPal QR code and use it to purchase snacks and other items, according to the report.

“PayPal QR codes can be used on select flights departing Chicago O’Hare International Airport in November, and before the end of the year, they will extend to all flights across the network where contactless payment is available, ”the report says.

See also: Airlines return to profitability, but B2B Travel takeover far from certain

United is the first airline to offer PayPal QR codes as part of its contactless payment tools, according to the report. The airline was also the first to offer economy class passengers the ability to pre-order snacks and drinks from the United app and website. Customers can also store their payment information in a digital wallet.

Read more: United now offers travelers the option to pre-order food and drink

Enhanced dining options have also been offered to passengers in domestic premium cabins on flights over 1,500 miles and hub-to-hub flights over 800 miles, according to the report.

Last year was one of the worst the airline industry has ever seen, losing more than $ 35 billion as pandemic lockdowns brought most flights to a standstill. Although this year is expected to generate more revenue, the delta variant has made the recovery fragile.

See more : United Airlines Seeks To Refill Seats With Vaccine-Linked Campaign

In May, United launched a campaign to get people to fly again. CEO Scott Kirby said at the time that the two-part promotion, titled “Your Shot to Fly,” was about getting people vaccinated, while encouraging them to dream of exotic destinations with the chance to win a free trip for a year.

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NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BATTLE OF BREWING FOR WHERE WE WILL BANK

On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

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Affirm Stock signs deal with Target ahead of holiday shopping https://tagsarea.com/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/ https://tagsarea.com/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/#respond Wed, 06 Oct 2021 17:00:08 +0000 https://tagsarea.com/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/

A customer leaves a Target store in New York City, August 15, 2021.

Scott Mlyn | CNBC

Affirm shares jumped 15% on Wednesday after retail chain Target began offering customers the online lender’s installment loan service for purchases over $ 100.

Target stated in a blog post that he is teaming up with Affirm and his little rival Sezdle as consumers gear up for the holiday shopping season.

“We know our customers want easy, affordable payment options that stay within their family’s budget,” Gemma Kubat, President of Retail and Financial Services at Target, said in the post.

Buy Now, Pay Later (BNPL), which are often interest-free installment loans, have grown in popularity as retailers respond to consumer demands for easy ways to pay without taking on debt. BNPL providers typically add a payment button to a retailer’s website and then take a merchant’s share with each transaction.

RBC Capital Markets estimates that a BNPL option increases retail conversion rates by 20-30% and increases average note size by 30-50%.

Affirm went public in January at $ 49 a share, and its stock price has since jumped more than 150% to $ 127.80 on Wednesday. The company’s market capitalization has reached nearly $ 35 billion.

A spokesperson for Affirm confirmed Target’s deal and said in an email to CNBC that a recent survey conducted by the company showed that more than half of Americans “are interested in using ‘a pay-as-you-go solution during the holiday season “.

Affirmer’s most significant announcement came in late August, when the company said Amazon was offering its service for purchases of $ 50 or more on the site. Affirm shares soared 47% as the company became Amazon’s top third-party installment loan provider.

Earlier in August, Affirm partnered with Apple to financing offer for iPhone, iPad and Mac.

The BNPL market is taking off far beyond Affirm. Square agreed in August to buy Afterpay in Australia for $ 29 billion, the biggest tech deal of the year. And in June, Swedish fintech company Klarna raised funds at a valuation of $ 46 billion, following a partnership with Macy’s in late 2020.

Target said in their post that clients can apply with Affirm to get started. Then, after filling out a cart on Target’s website, a buyer can choose to pay with Affirm and decide on a monthly refund.

“You’ll never pay more than what you agreed to at checkout because Affirm doesn’t charge any late or hidden fees,” Target said.

LOOK: Affirm CEO says fintech has a long way to go

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Where to get a personal loan with bad credit https://tagsarea.com/where-to-get-a-personal-loan-with-bad-credit/ https://tagsarea.com/where-to-get-a-personal-loan-with-bad-credit/#respond Tue, 05 Oct 2021 16:23:17 +0000 https://tagsarea.com/where-to-get-a-personal-loan-with-bad-credit/

LOS ANGELES – October 5, 2021 – (Newswire.com)

iQuanti: If you need the cash but your credit rating is bad or fair, you might not know that getting a personal loan is an option. Fortunately, there are many personal loans that do not require you to have good credit. These loans often come with straightforward applications and quick approval decisions, so you can get the cash you need fast. Here are three lenders you can get low credit loans if you are working to build a better credit rating:

Installment lenders

Installment loans are short term unsecured loans that give you a sum of money that you will pay back in fixed monthly installments. You can repay these loans over a few months or even a few years. Many lenders offer installment loans that you can apply for and get online from the comfort of your own home.

While installment lenders often take your credit score into account when approving you for a loan, many will also consider factors such as your income, employment history, and current debt. They don’t require a good credit score, so you can get approved with poor or average credit. Remember that you can get a higher interest rate than borrowers with good or excellent credit.

Cash advance lenders

Cash advances are small, short-term loans that can help cover expenses before your next paycheck. Cash advance lenders will take factors like your income into account when deciding whether to approve you because you will be paying off this loan on your next payday. For this reason, many lenders do not require you to have a good credit rating and may approve you with poor or average credit. But be careful with cash advances and make sure you can repay the loan with your next paycheck. Otherwise, you may face interest penalties until it gets paid.

Securities lenders

Securities lending are secured loans that allow you to use your vehicle as collateral and are a good option when your credit score is in trouble. With these loans, you can receive funds of 25-50% of the value of your vehicle and you can continue to drive your car while you pay off the loan.

Many title lenders are more flexible when it comes to your credit score since you let them keep title to your car. But like with a cash advance, you’ll want to make sure you have a plan in place to pay off the loan quickly. Otherwise, you risk penalties, interest, or repossession of the vehicle if you don’t pay it back.

How to find the right personal loan

Which personal loan is right for you depends on your financial situation and how quickly you need the money. Fortunately, many lenders for installment loans, cash advances, and title loans can get you the money you need on the same day you apply or within 24 hours.

A cash advance may make more sense if you have a stable income and an upcoming paycheck. If you own a car and its title blank, you can choose to use the car as collateral through a title loan instead. And if you want to get an unsecured loan with a larger amount of money, you can consider applying for an installment loan. Whichever option you choose, you’ll want to be sure it’s the right choice for your unique needs.

The bottom line

It is possible to get a personal loan if you have poor credit through installment lenders, cash advances, and securities. And these loans can give you quick access to the money you need for a reasonable price as long as you pay off the loan on time. But keep in mind that while you can get a loan with a bad credit rating, you should aim to build your credit score through on-time payments and responsible financial management. This can ensure that you have additional loan options at cheaper rates in the future.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.

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Zacks: Analysts Predict Cathay General Bancorp (NASDAQ: CATY) to Report Quarterly Sales of $ 163.70 Million https://tagsarea.com/zacks-analysts-predict-cathay-general-bancorp-nasdaq-caty-to-report-quarterly-sales-of-163-70-million/ https://tagsarea.com/zacks-analysts-predict-cathay-general-bancorp-nasdaq-caty-to-report-quarterly-sales-of-163-70-million/#respond Tue, 05 Oct 2021 07:32:02 +0000 https://tagsarea.com/zacks-analysts-predict-cathay-general-bancorp-nasdaq-caty-to-report-quarterly-sales-of-163-70-million/

Wall Street analysts expect Cathay General Bancorp (NASDAQ: CATY) to report sales of $ 163.70 million for the current fiscal quarter, Zacks investment research reports. Three analysts have made estimates for Cathay General Bancorp’s earnings, with estimates ranging from $ 163.10 million to $ 164.00 million. Cathay General Bancorp posted sales of $ 147.48 million in the same quarter last year, suggesting a positive year-over-year growth rate of 11%. The company is expected to release its next quarterly earnings report on Monday, October 25.

Zacks says analysts expect Cathay General Bancorp to report annual revenue of $ 641.90 million for the current fiscal year, with estimates ranging from $ 641.70 million to $ 642.00 millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 688.87 million, with estimates ranging from $ 671.50 million to $ 703.00 million. Zacks’ sales calculations are an average based on a survey of research analysts who provide coverage for Cathay General Bancorp.

Cathay General Bancorp (NASDAQ: CATY) last released its results on Sunday, July 25. The bank announced EPS of $ 0.97 for the quarter, beating the Zacks consensus estimate of $ 0.83 by $ 0.14. Cathay General Bancorp had a net margin of 39.05% and a return on equity of 11.47%. The company posted revenue of $ 160.58 million in the quarter, compared to analysts’ expectations of $ 156.05 million.

CATY has been the subject of a number of recent research reports. Truist Securities raised its price target on Cathay General Bancorp from $ 40.00 to $ 44.00 and assigned a “hold” rating to the stock in a research note on Monday, August 30. Zacks investment research Upgraded Cathay General Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $ 45 for the company in a research report released Wednesday, September 1. Truist increased its target price on Cathay General Bancorp shares from $ 40.00 to $ 44.00 and gave the company a “conservation” rating in a report released on Monday, August 30. Finally, DA Davidson reissued a “neutral” rating on Cathay General Bancorp shares in a research note on Wednesday, July 28. Four analysts rated the stock with a conservation rating and one issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $ 45.

(A d)

Do you have plant-based foods? It’s Drop Dead Simple: THIS company just crushes it.

CATY stock opened at $ 42.03 on Tuesday. Cathay General Bancorp has a one-year low at $ 22.12 and a one-year high at $ 45.19. The company has a debt to equity ratio of 0.07, a current ratio of 1.05, and a rapid ratio of 1.05. The company has a market cap of $ 3.29 billion, a PE ratio of 12.04 and a beta of 1.51. The company has a 50-day simple moving average of $ 39.51 and a 200-day simple moving average of $ 40.20.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 9. Shareholders of record on Monday, August 30, received a dividend of $ 0.31. The ex-dividend date of this dividend was Friday, August 27. This represents a dividend of $ 1.24 on an annualized basis and a return of 2.95%. Cathay General Bancorp’s payout ratio is currently 43.21%.

In related news, vice president Peter Wu sold 20,000 shares of Cathay General Bancorp in a transaction that took place on Friday August 27th. The shares were sold for an average price of $ 39.74, for a total value of $ 794,800.00. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.23% of the company’s shares.

Several institutional investors and hedge funds have recently changed their holdings in the company. Invesco Ltd. increased its stake in Cathay General Bancorp shares by 5.6% in the second quarter. Invesco Ltd. now owns 994,467 shares of the bank valued at $ 39,142,000 after purchasing an additional 52,863 shares during the period. Metropolitan Life Insurance Co NY strengthened its position in Cathay General Bancorp by 105,087.9% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 34,712 shares of the bank valued at $ 1,366,000 after purchasing an additional 34,679 shares during the period. Millennium Management LLC increased its stake in the shares of Cathay General Bancorp by 284.5% in the second quarter. Millennium Management LLC now owns 322,756 shares of the bank valued at $ 12,704,000 after acquiring an additional 238,814 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Cathay General Bancorp shares by 4.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 28,173 shares of the bank valued at $ 1,109,000 after acquiring an additional 1,301 shares during the period. Finally, Balyasny Asset Management LLC purchased a new equity stake in Cathay General Bancorp during the second quarter for a value of $ 6,280,000. 68.73% of the shares are currently held by institutional investors and hedge funds.

About Cathay General Bancorp

Cathay General Bancorp is a holding company which provides financial services. It offers commercial mortgages, commercial loans, small business administration loans, residential mortgages, real estate construction loans, home equity lines of credit and personal installment loans for expenses. automobiles, housework and other consumer expenses.

See also: What is a Reverse Stock Split?

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Cathay General Bancorp Profit History and Estimates (NASDAQ: CATY)

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Should you invest $ 1,000 in Cathay General Bancorp now?

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While Cathay General Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Synchrony Launches Latinx Executive Alliance, A Coalition Dedicated To Promoting Latinx Talent In American Businesses | New https://tagsarea.com/synchrony-launches-latinx-executive-alliance-a-coalition-dedicated-to-promoting-latinx-talent-in-american-businesses-new/ https://tagsarea.com/synchrony-launches-latinx-executive-alliance-a-coalition-dedicated-to-promoting-latinx-talent-in-american-businesses-new/#respond Mon, 04 Oct 2021 12:01:00 +0000 https://tagsarea.com/synchrony-launches-latinx-executive-alliance-a-coalition-dedicated-to-promoting-latinx-talent-in-american-businesses-new/

STAMFORD, Connecticut., October 4, 2021 / PRNewswire / – Synchrony (NYSE: SYF), a leading consumer financial services company, today announced the Latinx Executive Alliance, a coalition of senior executives and business leaders from different companies, industries and sectors, dedicated to collectively helping Latinx employees to advance in American business. The Alliance will organize its first virtual event on October 18e of 12 p.m. to 1 p.m. ET.

According to the 2019 U.S. Census, the Latinx community is the fastest growing demographic in the United States and yet, a recent corporate governance study from the Hispanic Association on Corporate Responsibility (HACR) reports that if the Latinx community is 18%1 of the population, Latinx talents hold only four percent2 management positions in Fortune 500 companies.

“The Latinx Executive Alliance helps bridge the growing gap in recruiting and promoting Latinx talent through United States“said Alberto” Beto “Casellas, President and CEO and Executive Vice President of Synchrony Health and Wellness.” Many Latinx people who stand ready to lead. “

The Latinx Executive Alliance aims to create a more diverse workforce by identifying, mentoring, developing and promoting the next generation of Latinx leaders. The Alliance will also help identify opportunities within organizations where diverse professional talents can have a significant impact and help their businesses better meet the needs of their customers and communities.

“At Synchrony, we encourage our employees to connect with organizations that offer different perspectives, because we believe this can have a positive impact on their personal and professional development,” said DJ Casto, director of human resources at Synchrony. “When my colleagues and I searched for a professional network where C-Suite Latinx leaders could collaborate, connect, invest and support each other, we just couldn’t find one. We then decided that we would lead the way ourselves and in doing so, ensure more opportunities and better results for Latinx individuals and the businesses they support. “

The Latinx Executive Alliance invites business leaders and executives from all companies, industries and sectors to attend its inaugural virtual event entitled “Impacto” on Monday, October 18, 2021 from 12:00 p.m. to 1:00 p.m. HEY. The goal of the event is to create a forum where leaders from across the Latinx community can begin to candidly share the challenges and opportunities they see in American business and discuss how they and others can collectively support Latinx leaders on their career path. Lessons learned from the discussion will help define the Alliance’s long-term goals and direction. Expected attendees will include executives from Fortune 500 companies as well as medium and small businesses. Current and future Latinx professionals are invited and encouraged to attend the virtual event and may Click here save.

Speakers for the “Impacto” event include:

Today’s announcement and the formation of the Latinx Executive Alliance are part of Synchrony’s larger effort to Support various communities, including the early $ 15 million commitment to venture capital funds led by investment partners Latinx, Black and women in May 2021, the launch of its Advancing Diverse Talent (ADT) initiative and the Education as an equalizer initiative to expand access to higher education, vocational training in high growth areas and financial literacy for underserved communities and its own workforce.

For more information on the Latinx Executive Alliance and the “Impacto” event, visit https://events.synchrony.com/lea-impacto or email Elizabeth caraballo, Senior Vice President, Diversified Talent Strategy, Synchrony, and Latinx Executive Alliance Program Director, at Elizabeth.Caraballo@synchrony.com.

About synchronization

Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries including digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium businesses, as well as healthcare providers.

Synchrony is changing what’s possible with our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and personalized financing solutions.

For more information visit www.synchrony.com and Twitter: @Synchrony.

Media contact:

Michelle blaya

Michelle.Blaya@syf.com

626-250-1415

1 blog.hacr.org/hri_blog/2020-hacr-cii-report-theme?__hstc=233546881.5af375493f24a989d71b3c61134cbbcc.1632418991168.1632418991168.1632418991168.1&__hsc=233546881.3f__pd18991169

2 https://www2.deloitte.com/us/en/pages/center-for-board-effectiveness/articles/missing-pieces-board-diversity-census-fortune-500-sixth-edition.html

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Yes, you can buy now and pay later, but should you? https://tagsarea.com/yes-you-can-buy-now-and-pay-later-but-should-you/ https://tagsarea.com/yes-you-can-buy-now-and-pay-later-but-should-you/#respond Sat, 02 Oct 2021 16:00:00 +0000 https://tagsarea.com/yes-you-can-buy-now-and-pay-later-but-should-you/
  • By Erin Lowry / Bloomberg Opinion

Go away. Credit card. Installment loans. We have adopted “buy now, pay later” practices for decades. The latest model actually bears the title. Dubbed the hottest thing in fintech, startups like Affirm Holdings Inc, Klarna, Afterpay Ltd and even household names including PayPal Holdings Inc are giving customers the option to spread the cost of a purchase. on smaller, affordable monthly payments.

Millennials and younger Gen X shoppers have flocked to buy now and pay for apps later, with Gen Z not far behind. Is this just the next innovation in consumer culture? Or should we be worried?

My instinctive reaction to elegant “interest-free” and “no-charge” financing offers is skepticism. There is surely a catch.

Photo: Bloomberg

Typically, when it comes to free services, you are the product, whether your data is used or you are directed to another business. Many Buy It Now, Pay On Pay, or BNPL services have partnerships and integrations with major retailers, such as Amazon.com Inc, Walmart Inc, Macy’s Inc and Bed, Bath & Beyond Inc. Why? Because buying now, paying later, tools encourage people to spend.

It’s the same behavioral economics proposition that we see with credit cards: you have the option to make the purchase now, even if you can’t afford it. Studies over the decades have shown that those who use credit cards are more likely to spend more than their counterparts who use cash. Certainly, the link between overspending and intangible currency could change as money becomes more digital.

In addition to partnerships and integrations, BNPL services can also receive a commission from partner merchants for each sale. Some BNPL models have loan offers that charge interest, so it’s important for consumers to know when interest and fees come into play.

There are certainly some bright spots in the BNPL model. Those who want to make a large purchase without hogging too much cash may benefit from the option of paying in installments. A friend of mine mentioned using buy now, pay later to buy a crib. Could she have paid in advance? Yes. Did she want to shell out $ 1,200 all at once when she had a lot of other expenses? Nope.

What is concerning, however, is that these services are often not used for big ticket items. Electronics and clothing / fashion are the most common purchases made through a BNPL service, according to an Ascent survey. The Affirm website, for example, asks if you’re looking for an outfit that impresses. Afterpay’s claims fast fashion company Shein, Old Navy and Crocs among its most popular categories right now.

It doesn’t have to be bad to spread the occasional purchase over several installments or to postpone the payment until later.

However, it is worth questioning the message and integrations aimed at younger generations to buy more than they might not be able to afford.

If these services are here to stay, which seems likely, it would be wise to consider the most responsible ways to use them.

For those who are going to use a BNPL loan, the behaviors should be the same as the proper use of the credit card. Pay this bill on time and in full every month. Don’t buy something you can’t afford to pay when the bill is due. Just because you have access doesn’t mean you can actually afford the article.

Even though a BNPL company says they send SMS and email reminders when an invoice is due, you need to set up yours to make sure there is always enough money in your monthly budget to stay on top of your payments.

It probably makes more sense to use a BNPL service for occasional high-priced items rather than funding impulse or low-cost purchases.

If you plan to use BNPL for multiple purchases in a short period of time, be sure to track how much you have already allocated from your monthly budget for these installment loans to avoid overspending.

Even though the service says “no fees” in big letters, make sure you read the fine print and understand what happens after a missed payment and what interest is being charged on your purchase.

One of the biggest caveats: keep in mind what funds your BNPL purchase. If you choose to use a credit card as your payment method, you could end up with high interest credit card debt if you don’t make payments on time. You wouldn’t be better off than if you had put everything on the map from the start.

Basically the question becomes, just because you can buy now, pay later – should you? You can only answer on your own, but if you have a history of compulsive overspending or misuse of your credit card, be cautious about increasing these services.

Erin Lowry is the author of Broke Millennial, Broke Millennial embarks on investing and Broke Millennial Talks Money: Stories, Scripts, and Tips for Navigating Sensitive Financial Conversations.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

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Tech Impact Unveils New ITWorks Training Center on Wilmington Riverfront | New https://tagsarea.com/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/ https://tagsarea.com/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/#respond Fri, 01 Oct 2021 17:59:17 +0000 https://tagsarea.com/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/

PHILADELPHIA CREAM, October 1, 2021 / PRNewswire / – Technological impact, a 501 (c) (3) that empowers communities and nonprofits to use technology to better serve our world, today unveiled its new workforce training center, located in the Old B&O Station, a historic building in downtown Wilmington, Delaware. The association purchased the 3,400 square foot property with the support of a $ 1.25 million grant from Barclays US Consumer Bank. Located along the Riverfront, the new Barclays-Supported Tech Impact Opportunity Center will serve as a permanent training center for Tech Impact’s ITWorks program and serve as an administrative office for training staff.

“We are delighted to announce a new permanent home for ITWorks, a program that has helped over 700 people start their IT careers here in Wilmington and beyond for over a decade, ”said Patrick callihan, executive director of Tech Impact. “The Tech Impact Opportunity Center is an ideal location for the new hub with the train station, bus lines and the Riverfront all within walking distance. This provides our staff and students with convenient parking, restaurants and outdoor experiences. air. We appreciate the support of our long-time partner, Barclays, to make this a reality. “

A historic property

Tech Impact spent several months looking for a new location before choosing the B&O Station building. Originally designed by a renowned architect and leader of the Civil War Frank Furness in 1887, the property was vacant for much of the 20th century until ING Direct (Capital One) renovated it in 2004 to make it an executive conference center.

With support from the Barclays grant, Tech Impact invested in an interior refresh, outfitting the building with new carpet, new paint and signage, as well as new student desks and tables made by local interns from the Challenge program.

Technological impact in Delaware

Based at Philadelphia cream, Tech Impact serves over 300 organizations across the United States with managed IT support. Since 2012, its ITWorks workforce training program has been present in Wilmington at various temporary training sites. Tech Impact also offers training and services in two establishments in the south Nevada and in Philadelphia cream.

“We are proud to support ITWorks with the new ‘Tech Impact Opportunity Center’ in Wilmington,” noted Mona jantzi, Managing Director, Barclays US Consumer Bank and Member of the Tech Impact Board. “Since 2014, we have been working hand in hand with Tech Impact to support its workforce development programs in Delaware and Nevada and we are committed to continuing to work with organizations like these to provide pathways to employment. “

Tech Impact is a key partner in helping to implement Barclays’ citizenship strategy, aimed at empowering people to develop the skills and confidence to work. By 2022, Barclays community programs will help place 250,000 people around the world in the workforce. “We are proud to work alongside Barclays to diversify the pipeline of technology talent into Delaware. Through our program, ITWorks, we are working together to connect a diverse population of young people to career opportunities in technology, ”added Callihan.

On Technological impact

Tech Impact is a nonprofit organization with a mission to empower communities and nonprofits to use technology to better serve the world. The organization is a leading provider of training and technology solutions for not-for-profit organizations, and operates award-winning IT and customer experience training programs as well as workforce brokerage services. work designed to help individuals launch their careers. Tech Impact offers a comprehensive suite of technology services including managed IT support, data and strategy services, telecommunications, cybersecurity, and cloud computing integration and support. In 2018, it expanded its education and outreach capabilities by merging with Idealware, an authoritative source of independent and carefully researched technology resources for the social sector. Tech Impact’s ITWorks and CXWorks training programs have provided hundreds of young adults with the knowledge, skills and confidence they need to begin their careers in the technology and customer experience industries. The organization also operates PunchCode, a full-stack software development school based in Las Vegas, NV. More information can be found at https://techimpact.org/.

About Barclays

Barclays US Consumer Bank is a leading credit card issuer and co-branded financial services partner in the United States that creates highly personalized programs to retain and retain customers at some of the travel, entertainment, retail and retail institutions in the United States. best performing retail and affinity in the country. The bank offers co-branded credit cards, small business credit cards, installment loans, POS finance, online savings accounts, and CDs. For more information, please visit www.BarclaysUS.com.

Barclays is a British universal bank. We are diversified by activity, by different types of clients and clients, and by geography. Our businesses include global consumer banking and payments, as well as a leading, full-service global merchant and investment bank, all of which are backed by our services company that provides the technology. , operations and functional services across the Group. For more information on Barclays, please visit www.Barclays.com.

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