Of inflation and higher interest rates.“we’re still seeing delayed charge-off effects from the pandemic, although . Our improving delinquencies suggest that this effect may be moderating. But on the whole, I’d . Say the u.S. Consumer is in good shape,” said. “while the average customer is doing . Well, some customers at the margin are likely feeling stress from inflation and elevated interest . Rates.”spending has in fact shown an uptick subsequent to the end of the quarter and .
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Into april, said fairbank, where the firm has “seen a recent increase in retail spending, . Particularly electronics in the past few weeks. Maybe bahrain phone number data that’s a pulling forward of purchases in . Light of the tariffs. We’ll have to see over time.”recommendedcapital one ceo says discover acquisition . Will build ‘something really special’salsa raises m to expand embedded payroll services across us and . Canadareport: democratic senators demand synapse records from federal reservetd bank to open ai center in .
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New york citysee more in: andrew young, bb, bb value creation vs. profit creation payments, banking, capital one, commercial payments, . Credit cards, discover, discover financial services, earnings, featured news, news, pymnts news, richard fairbank, what’s . Hot in bbsalsa raises m to expand embedded payroll services across us and canadaby pymnts . | april , | new york-based embedded payroll startup salsa continues to gain momentum.With a . Newly secured million in series a funding, its total capital is million since its founding .
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In , according to a press release issued tuesday business sale lead april .The round was led by . Altos ventures, with additional participation from greycroft, sempervirens, definition and better tomorrow ventures, the release . Said.In a statement, altos ventures partner tae yoon said, “payroll is one of the clear . Next frontiers in embedded fintech. … we are thrilled to partner with salsa as it . Becomes the foundational layer for payroll across entire industries.
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”the new funding will support salsa’s efforts . To help software platform developers in all u.S. States and canada embed payroll features in . Their products that they didn’t previously have, the release said.This includes launching integrated payroll offerings . And tools that streamline tasks like worker onboarding, tax filings and tracking commissions, tips, overtime . And employees who work in multiple locations — all without the need to have in-house . Payroll expertise.