New York City is a step closer to facing a lawsuit over a cap on how much meal-delivery services can collect from local restaurants. U.S. District Judge Gregory Woods denied the city’s motion to dismiss the suit, bringing the case closer to a potential trial,...
Card reward programs are proving to be highly effective in building customer loyalty across industries, especially the travel sector, which is roaring back after several years of deep losses. That’s according to “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” a PYMNTS-Banyan study...
Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much. That’s why, as more small- to medium-sized businesses (SMBs) look to do business internationally, solving for low-cost cross-border payments has become...
Paxton AI has secured $6 million in seed funding to grow its generative artificial intelligence (AI) platform for legal research and drafting. Paxton AI said in a Tuesday (Sept. 19) blog post that since the launch of the eponymous AI platform in July, it has...
As restaurants look to reach new consumers and build loyalty, card-linked offers can go a long way, PYMNTS Intelligence reveals. By the Numbers According to the report “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” which draws from a July survey of more...
Amazon plans to hire 250,000 employees across the United States for the holiday season. In addition, with a $1.3 billion investment, Amazon aims to increase the average hourly pay for its customer fulfillment and transportation employees to over $20.50, marking an increase of more than 50%...
With grocers expanding their advertising businesses to boost their margins, Sam’s Club has announced new tools for brands to measure campaign effectiveness. The Walmart-owned membership warehouse club chain, which has close to 600 locations, announced Tuesday (Sept. 19) the addition of a Media and Sales...
Klaviyo is reportedly considering pricing its initial public offering (IPO) at the top of its indicated price range or even slightly above it. The marketing automation company is in discussions with its IPO underwriters about the possibility of selling shares at $29 or $30 apiece, Reuters reported Tuesday...
British FinTech company Revolut has reportedly been granted permission to delay filing its 2022 accounts for the second consecutive year. The filings were originally due on Sept. 13, but Revolut has received an extension, Reuters reported Tuesday (Sept. 19). The company will announce the audit and annual report at...
