Executives from the . Partner firms highlighted lynq’s focus on capital efficiency, security and robust infrastructure to encourage institutional . Participation in the digital assets space.Katryna hanush, the managing director of wintermute, noted in For Special Offers And Discounts the . Press release that the platform “streamlines onboarding, subscription, andredemption, offering counterparties a safer and . More efficient way to transact.”“we see lynq as a key part of the next generation . Of institutional infrastructure,” bc group ceo thomas restout said in a statement.Speaking of payment rails .
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Involving digital assets, circle is rolling out a stablecoin-powered payments and cross-border remittance network in . May.Recommendedaws, microsoft slow down data center deploymentsaws, microsoft slow down data center namibia phone number data deploymentsopenai executive says . His company and many others would buy chrome browsergoogle, legal, lawsuitantitrust trial reveals google rejected . Openai partnershipbanks rethink cybersecurity amid credential-based compromisesbanks rethink cybersecurity amid rise of credential-based compromisesee more . In: bb, bb payments, commercial payments, digital assets, lynq, news, payment methods, pymnts news, real . Time payments, what’s hot, what’s hot in bbsynchrony ceo: credit metrics strong as consumers ‘are .
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Being disciplined’by pymnts | april , | highlightssynchrony’s results show consumer spending is moderating, with . A decrease in how a digital marketing agency improved roi with targeted lead lists purchase volumes, especially for larger ticket items, indicating consumers are becoming more . Selective in their discretionary spending.Synchrony is observing strong credit metrics, including a decrease in delinquency . Rates, which they attribute to effective risk management and consumer efforts to manage their debt . Obligations.Despite broader economic uncertainty impacting consumer confidence, current consumer behavior shows resilience, with spend levels . Remaining relatively strong and a shift towards more frequent, lower average ticket purchases.
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Synchrony financial’s first-quarter . Results indicated that consumers are pulling back on spending, particularly for larger ticket items, and . Have taken steps to pare down their credit card debt. The net result is that . Consumers are proving to be responsible stewards of their credit even amid an uncertain macro-economic . Environment.Presentation materials released before the markets opened on tuesday (april ) detailed that purchase volumes . On the company’s cards slipped % to $ billion.Ceo and president brian doubles said on .
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The conference call with analysts that shops 9177 the purchase volumes trends indicated a “continued moderation in . Customer spend as they navigated the challenges of affordability in their to day lives.”dual and . Co-branded cards were % of purchase volumes, the ceo said, adding that “purchase volume at . The platform level range from between down % and down % year over year as . Customers generally remain selective in their discretionary spend and bigger ticket purchases, particularly in categories . Like furniture, jewelry, outdoor, dental and cosmetics.