News

Regulation
UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
July 25, 2023

The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Grasshopper and Cable Debut Financial Crime Prevention Testing Platform
July 25, 2023

Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Earned Wage Access Firm Immediate Closes $16 Million Funding Round
July 25, 2023

Earned wage access company Immediate has closed a $16 million funding round to accelerate its trajectory in the workplace financial health sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Partnerships / Acquisitions
Report: Regional Lenders Banc of California and PacWest Negotiate Combination
July 25, 2023

Regional lenders Banc of California and PacWest Bancorp are reportedly in advanced negotiations to combine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Retail
Walmart’s Digital Blind Spot Helped Amazon Win Summer Sales Standoff
July 25, 2023

Summer deals got financially fraught consumers to shop both Amazon Prime Day and Walmart+ Week in mid-July. But according to PYMNTS data, twice as many Amazon Prime members made purchases during Prime Day than Walmart shoppers did during Walmart+ Week, showing the digital blind spot...

B2B Payments
Flowspace Launches AI-Powered Tool for Automating Fulfillment Operations
July 25, 2023

Flowspace has launched a new tool that automates workflows in the management of transportation and freight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

B2B Payments
Corpay’s X-Border Business Launches Internal Invoicing Solution
July 25, 2023

Corpay’s cross-border business has launched a tool that automates and streamlines the settlement of internal invoices for corporations that have global subsidiaries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payment Methods
Worldpay From FIS Launches Tool to Improve Payment Authorization
July 25, 2023

Worldpay from FIS has unveiled a turnkey solution designed to help merchants improve their payment authorization, streamline costs and approve all legitimate payment transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Loyalty & Rewards
Albertsons Loyalty Growth Continues as Shoppers Seek Deals
July 25, 2023

With inflationary concerns continuing to weigh heavy on consumers’ minds and budgets, Albertsons Companies is seeing loyalty growth by the millions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...