Lloyds Bank has debuted a service that lets businesses make one-off payments within minutes. “Through Lloyds Bank PayMe, businesses do not have to gather or manage account information or register one-off suppliers,” the U.K. lender said in a Monday (April 17) news release. “Once the...
The subscription economy is a major driver in the rise of payment credentials vaults, as are recurring payments writ large, and more consumers are interested in this form of storage. As we learned in the PYMNTS study “Consumer Interest in Credentials Vaults,” based on a...
Modern Treasury has expanded its Reconciliation Engine designed for businesses with high-volume, complex funds flows. The newly enhanced offering automates and simplifies cash reconciliation for lenders, insurance companies, payroll providers, software companies, healthcare and Health Savings Account (HSA) providers, investment platforms and marketplaces, the provider...
NCR has been hit by a ransomware attack that is affecting the capabilities of some restaurants. The incident was discovered Thursday (April 13), caused a single data center outage and has impacted the company’s Aloha point-of-sale (POS) system for restaurants and its Counterpoint retail management system,...
The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill, published Saturday (April 15) by the U.S. House Financial Services Committee is proposing that the Federal Reserve’s board of governors...
Liberty Bank has launched a digital bank designed for small business owners. The new Owners Bank is initially available in Rhode Island, Massachusetts, Connecticut and Pennsylvania and will later launch nationally, the Connecticut-based independent mutual bank said in a Monday (April 17) press release. “Big banks often fall short...
Where regulation goes — sometimes, at least — unintended consequences might follow. The regulatory and legislative scrutiny of, and battle over, what are being commonly referred to as “junk fees” looks set to have a broad swath of industries and companies in sight, ranging from...
As restaurant prices rise, consumers increasingly demand discounts to maintain their loyalty. In an interview with PYMNTS, Stacey Pool, chief marketing officer at fast-casual brand Noodles and Company, which has more than 450 locations across 31 states, discussed the demand for daily offers to keep...
Men’s Wearhouse has launched a digital tool that helps grooms and groomsmen select their attire for weddings. The new Wedding Wingman “online concierge” provides attire suggestions based on the engaged couple’s answers to questions and then enables in-store staff to quickly get the styles ready...
