News

Regulation
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
Instacart Stock Closes 12% Higher Than IPO Price
September 19, 2023

Instacart stock closed at $33.70 a share on Tuesday (Sept. 19), the day of its initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Delivery
Judge Says Meal-Delivery Services’ Lawsuit Against NYC Can Proceed
September 19, 2023

New York City is a step closer to facing a lawsuit over a cap on how much meal-delivery services can collect from local restaurants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
How Personalized Card Reward Programs Are Driving Customer Loyalty
September 19, 2023

Card reward programs are proving to be highly effective in building customer loyalty across industries, especially the travel sector, which is roaring back after several years of deep losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross-border Payments
Cross-Border Payments Innovation Key to SMB Growth
September 19, 2023

Industries are defined by what customers do, not what companies produce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Investments
Paxton AI Raises $6 Million for AI Platform for Lawyers
September 19, 2023

Paxton AI has secured $6 million in seed funding to grow its generative artificial intelligence (AI) platform for legal research and drafting.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Loyalty & Rewards
Cash Back Drives Restaurant Spending for Deal Seekers
September 19, 2023

As restaurants look to reach new consumers and build loyalty, card-linked offers can go a long way, PYMNTS Intelligence reveals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Amazon Plans to Hire 250,000 Employees for Holiday Season
September 19, 2023

Amazon plans to hire 250,000 employees across the United States for the holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
Sam’s Club Adds New Advertiser Tools as Grocers Supplement Consumer Revenue
September 19, 2023

With grocers expanding their advertising businesses to boost their margins, Sam’s Club has announced new tools for brands to measure campaign effectiveness.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...