The digital age is reshaping behavioral norms and business opportunities. The 21st century commercialization of innovations like blockchain-based cryptocurrencies and generative artificial intelligence (AI) have created entirely new industries that have transformed the business landscape. For the most part, the federal government has let the...
Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans to enlist several hundred new staffers to address concerns raised by banking supervisors, Bloomberg reported Thursday (Aug. 17). Goldman Sachs CEO David Solomon has...
The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB found that Freedom provided real estate brokers and agents with various incentives, including cash payments, paid subscription services and catered...
This week in grocery, Albertsons adds nutrition tools to drive digital adoption, The Fresh Market adds prepared meals to its eCommerce site, and eGrocer Hungryroot’s artificial intelligence (AI) drives rapid growth. Albertsons Adds Nutritional Tracking Grocery giant Albertsons Companies, which operates more than 2,200 stores, announced...
Comerica Bank has unveiled a new package of solutions for small business and business banking customers. This new Comerica Maximize package offers a combination of an interest-bearing checking account and cash management solutions, allowing customers to earn interest income while protecting and growing their businesses with treasury services, the company...
Riskified and Mastercard have teamed to help businesses increase eCommerce revenues while reducing fraud. The partnership, announced Thursday (Aug. 17), marries insights from Mastercard’s cybersecurity products and solutions with Riskified’s transaction and identity network. In addition, it offers access to Mastercard’s suite of tools that allow for real-time alerts on...
Ohio-based Peoples Bank has implemented Corserv‘s credit card program. This partnership aims to revolutionize the banking experience for Peoples Bank’s diverse customers, including commercial, small business, nonprofit, local municipalities and consumer clients, the companies said in a Wednesday (Aug. 16) press release. Peoples Bank, which operates 132 bank offices...
From Applebee’s to Domino’s Pizza, major restaurant brands across the industry are seeing consumers shift away from delivery toward pickup to skip the added fees amid inflation. In the wave of earnings presentations over the past several weeks, fast-casual concepts, casual dining chains and quick-service restaurants (QSRs) alike...
Sezzle, the digital payments platform, started trading on Nasdaq on Thursday (Aug. 17), according to the company. To kick off the occasion, Sezzle executives rang the opening bell to start trading for the day at 9 a.m. ET. In an email to PYMNTS, the company...
