Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to be careful as they put in these rules not to make the U.S. less competitive,” Moynihan said in an interview...
GlossGenius has secured $28 million in Series C funding to continue building its platform for small business owners in the beauty and wellness industry. This is the second up-round for GlossGenius in the last 12 months and it brings the company’s total funding to date to...
Payments FinTech Fiserv says it’s letting cardholders redeem points for Amazon purchases. The offering, announced Thursday (July 27), allows cardholders at financial institutions that are part of Fiserv’s uChoose rewards program and enrolled in the Amazon Shop with Points program to redeem rewards points for all or part of their qualifying...
Ultrafast grocery company Getir is exiting three European markets as it focuses on profitability. The Turkish startup announced Thursday (July 27) it plans to withdraw from Italy, Portugal and Spain “in an orderly manner,” according to an announcement provided to PYMNTS. “At the same time, Getir is...
Consumers’ spending behavior has slowed down, which is causing concern among retailers. Although they are still making purchases, the rate at which they are doing so falls short of what retailers desire. To address this challenge, brands and retailers are focusing on refining their product...
Constructor has unveiled a new solution to optimize product discovery and search result relevance on its platform for enterprise eCommerce companies. The new Attribute Enrichment combines raw product catalog data with buyers’ behavioral data to correct and auto-enrich product attributes, the firm said in a Wednesday (July 26) press...
America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July 26) that found illegal tactics at work in the auto lending, medical debt and payday loan sectors. “Today’s report furthers...
As aggregators and restaurants start to test drones and sidewalk rovers to reduce the labor cost of on-demand delivery, consumers are not convinced they can trust these robots. By the Numbers For PYMNTS’ exclusive report, “Connected Dining: The Robot Will Take Your Order Now,” we...
An Amazon artificial intelligence (AI) service that was announced in April is reportedly being tried by thousands of users. The service, which is called Amazon Bedrock and is offered by the cloud division Amazon Web Services (AWS), competes with offerings from the cloud businesses of Microsoft and Google and allows businesses to create applications with...
