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),...
TrueLayer has introduced payment links to make getting paid easier and more convenient. Payment links are URLs, buttons or QR codes that enable businesses to accept payments from customers via almost any channel, including SMS, social media, email and in-person, the open banking firm said in...
If you know the term “nepo baby,” it might be because of New York Magazine. A cover story by the magazine on the concept went viral late last year, sparking conversations on the phenomenon of famous people with famous parents. Now, New York Magazine (NYM)...
U.K. retail sales rose 0.7% in June, building on the modest 0.1% rise in May. But in the U.S., there is concern about tepid consumer spending that could result in an accumulation of inventory on merchants’ shelves. Read also: UK Retail Sales Rise 0.7% Amid Good...
