News

Delivery
Albertsons Announces 30-Minute Delivery as Grocers Drive Direct Orders
September 14, 2023

With third-party aggregators looking to drive grocery sales, Albertsons Companies is fighting back, offering new options to maintain consumers’ direct digital loyalty. The grocery giant announced Wednesday (Sept. 13) the launch of 30-minute pickup and delivery, calling the service Flash, at more than 2,000 stores...

Security & Fraud
Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
September 13, 2023

Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately $15 million to the hackers. The company is expected to disclose this cyberattack in a Securities and Exchange Commission (SEC)...

B2B Payments
Zoho Launches Flexible Billing Platform
September 13, 2023

Zoho has introduced Zoho Billing, an expanded version of its current application, Zoho Subscriptions. The new Zoho Billing is designed to provide growing businesses with greater flexibility in their billing operations, allowing them to experiment with pricing strategies and quickly enter the market, the global technology company...

Artificial Intelligence
AI Firms Look to Placate Their Governments as US Eyes Legislation
September 13, 2023

It has been a packed week in Washington for generative artificial intelligence (AI). Senate Majority Leader Chuck Schumer of New York kicked off his series of closed-door, bipartisan “AI Insight Forums” Wednesday (Sep. 13). Twenty-two tech leaders and AI experts, among them some of the...

eCommerce
Consumers Are Increasingly Going to Supermarkets Only to Buy Food
September 13, 2023

As eCommerce picks away at brick-and-mortar grocers’ share of center-aisle sales, shoppers are increasingly seeing the supermarket as a place to buy just food — not all the day-to-day basics they need to get through the week — PYMNTS Intelligence reveals. By the Numbers For...

Banking
BofA Expands SafeBalance as Consumers Struggle With Overdrafts
September 13, 2023

Bank of America is expanding the requirements of its SafeBalance checking account plan. The account, introduced in 2014, lets customers manage their finances with no overdraft fees. Starting in November, the bank announced Wednesday (Sept. 13), accountholders who maintain a minimum daily balance of $500 or more will...

Cross Border Commerce
Visa and Currencycloud Collaborate to Enhance Cross-Border Money Movement
September 13, 2023

Visa and Currencycloud have joined forces to introduce a suite of products that aims to simplify cross-border money movement for various institutions. The collaboration combines Visa’s existing cross-border capabilities with Currencycloud’s expertise in multi-currency business facilitation, Visa said in a Wednesday (Sept. 13) press release emailed to PYMNTS....

Banking
HSBC Launches Multi-Market Business Account Opening Service
September 13, 2023

HSBC has launched a multi-market business account opening service. This service aims to help businesses expand overseas by simplifying the account opening process and addressing long-standing challenges faced by internationally-minded businesses, the banking and financial services organization said in a Wednesday (Sept. 13) press release emailed to...

B2B Payments
Intuit Continues Small Business-Focused Product Launches With QuickBooks Money
September 13, 2023

Small and medium-sized businesses (SMBs) have long been aware of Intuit’s suite of products. After all, the global technology platform is responsible for Quickbooks, TurboTax, Credit Karma and Mailchimp, and just last week (Sep. 6) debuted Intuit Assist, a generative artificial intelligence (AI) tool to help its small business...