PYMNTS News

eBay Says Q2 Results Exceeded Expectations Amid ‘Tech-Led Reimagination’
eBay Says Q2 Results Exceeded Expectations Amid ‘Tech-Led Reimagination’
July 26, 2023  |  Earnings

eBay said its second quarter results exceeded expectations on key metrics as it continues its “tech-led reimagination.” The marketplace’s gross merchandise value (GMV), revenue and earnings...

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Banc of California to Sell $1.8 Billion Worth of Residential Loans
Banc of California to Sell $1.8 Billion Worth of Residential Loans
July 26, 2023  |  Acquisitions

Banc of California is reportedly selling $1.8 billion worth of single-family residential home loans at a discount to JPMorgan Chase as part of an agreement to facilitate...

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Chipotle Looks to Personalization to Boost Rewards Members’ Engagement
Chipotle Looks to Personalization to Boost Rewards Members’ Engagement
July 26, 2023  |  Earnings

As Chipotle looks to grow its already significant base of loyal customers, the brand is turning to personalized messaging to boost engagement.  The fast-casual giant,...

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Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
July 26, 2023  |  Mastercard

Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards. Following cease-and-desist letters sent by Mastercard last week, companies...

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Constructor Adds Product Discovery Tool to eCommerce Platform
Constructor Adds Product Discovery Tool to eCommerce Platform
July 26, 2023  |  B2B Payments

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...

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AWS Debuts HealthScribe as Health Providers Explore AI
AWS Debuts HealthScribe as Health Providers Explore AI
July 26, 2023  |  Healthcare

Amazon Web Services (AWS) said it wants to help clinicians save time summarizing patient visits. The company has debuted AWS HealthScribe, which uses speech recognition and generative...

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CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

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...

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Consumers Don’t Trust Delivery Bots to Get It Right
Consumers Don’t Trust Delivery Bots to Get It Right
July 26, 2023  |  Delivery

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...

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Report: Thousands of Users Have Tried Amazon AI Service
Report: Thousands of Users Have Tried Amazon AI Service
July 26, 2023  |  Artificial Intelligence

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...

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