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. Part 5 of the Retail Banking Market Investigation Order 2017 requires banks to send these histories to any business current account (BCA)...
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. The bank will leverage the automated assurance and testing capabilities of Cable, an all-in-one financial crime effectiveness testing platform, the companies said in...
Earned wage access company Immediate has closed a $16 million funding round to accelerate its trajectory in the workplace financial health sector. The funds, which include both growth equity and a working capital facility, will enable Immediate to better serve employees who are facing unexpected expenses and...
Regional lenders Banc of California and PacWest Bancorp are reportedly in advanced negotiations to combine. A deal could be announced as soon as Tuesday (July 25), when both banks are scheduled to report their results, The Wall Street Journal (WSJ) reported Tuesday, citing unnamed sources. Banc of California and PacWest Bancorp...
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...
Flowspace has launched a new tool that automates workflows in the management of transportation and freight. The new FlowspaceAI for Freight is powered by artificial intelligence (AI) and machine learning (ML) and is designed to remove tedious tasks and improve overall efficiency, the provider of tools for managing fulfillment said...
Corpay’s cross-border business has launched a tool that automates and streamlines the settlement of internal invoices for corporations that have global subsidiaries. The new Netting Manager enables businesses to operate across the globe and save both time and money by taking advantage of intercompany netting, a financial practice...
Worldpay from FIS has unveiled a turnkey solution designed to help merchants improve their payment authorization, streamline costs and approve all legitimate payment transactions. The new Revenue Boost is powered by machine learning (ML) and designed to help merchants process card-not-present transactions in a way that maximizes conversions,...
With inflationary concerns continuing to weigh heavy on consumers’ minds and budgets, Albertsons Companies is seeing loyalty growth by the millions. The grocer, parent company of a range of popular supermarket chains including its self-titled brand as well as Safeway, Vons, Jewel-Osco and others, reported its first-quarter 2023 earnings results Tuesday (July 25),...
