News

Social Commerce
Snap’s Global Expansion Shows Promise, but Revenue Tells Different Story
July 26, 2023

Quarter after quarter, retailers have been singing the same old song, citing macroeconomic challenges as the hook. While the hook remains the same, there’s a new verse being added: U.S. consumers aren’t spending.  Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
Big Tech’s ‘Frontier Model Forum’ Tackles ‘Responsible AI’
July 26, 2023

Four Big Tech companies have formed a group focused on responsible artificial intelligence (AI) development. 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,...

Retail
Walmart Counters Amazon’s Travel Offering With Expedia Partnership
July 26, 2023

Walmart is working with Expedia to offer Walmart+ members deals on travel. 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 this form,...

Social Commerce
X Offers Discounts and Incentives to Win Back Advertisers
July 25, 2023

X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. 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...

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...