Credit platform Versatile Credit has earned the confidence of growth equity firm PSG. The Pennsylvania-based company announced Wednesday (Sept. 13) that it had received a strategic growth investment from PSG, which it will use to expand its go-to-market infrastructure, its relationships with lenders, and move into new...
In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. In the report “Credit Union Membership and Credit Profiles,” PYMNTS leverages insights gathered from a survey of over 4,000 U.S. consumers and...
In today’s fast-paced world, gift-giving has become a convenient and versatile practice. Among the many options available, gift cards have emerged as the go-to choice for many. These small, plastic tokens offer a world of possibilities to the recipient, allowing them to choose what they...
The Connecticut Department of Banking has issued new industry guidance regarding the Small Loan Lending and Related Activities Act. These changes in the regulation are set to come into effect on Oct. 1, the regulator said in the document released Monday (Sept. 11). One of the key changes brought...
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept. 12). Santomassimo told...
Retail giant Target has inked a partnership with jewelry brand Kendra Scott to offer exclusive collections of earrings, bracelets and other accessories. Under the new agreement, announced Tuesday (Sept. 12), Target will offer vibrant jewelry from Kendra Scott, both online and at approximately 150 of its stores. The debut collection, featuring...
Western Union and Elektra say users in Mexico can now receive money via chatbot. The offering, the latest in a series of efforts by Western Union to expand its business in Mexico, lets users with an active account at Banco Azteca collect the money sent to them from...
Emburse has added an artificial intelligence (AI)-powered receipt scanning engine to its range of travel and expense management solutions. The new Emburse Transcription Engine is a step toward fully automating expense management, allowing expenses to be submitted, approved and reimbursed without any human intervention, the company...
Amazon has introduced a comprehensive set of supply chain services for sellers that aims to streamline the movement of products from manufacturers to customers across the globe. With the new Supply Chain by Amazon, sellers can now focus on product development and business growth, while Amazon takes...
