It’s Tuesday, May 31 and President Joe Biden is meeting with Federal Reserve Chair Jerome Powell today to discuss inflation and the state of the American and global economy. Meanwhile, China is asking the UN Human Rights Chief to look into the mass school shootings in the U.S. and Michael Todd Hill, who won $10 million in a 2017 lottery in North Carolina, was sentenced to life in jail without parole in the 2020 shooting of his girlfriend Keonna Graham of Navassa. Here’s what else should be on your radar this morning.
Indigestion: Food delivery startup Just Eat Takeaway (JET) could unload Grubhub for as little as £1 billion after acquiring the U.S. aggregator last year for £5.8 billion. Bank of America is working to find a buyer or strategic partner for Grubhub as the public’s taste for home-delivered meals continues a downward spiral in a high-inflation post-pandemic world. READ MORE
Connected Demand: Consumers now expect fast, interconnected experiences when it comes to moving money, which has led to the prevalence of nonfinancial entities integrating payment and banking tools. In The Banking-As-A-Service Opportunity Report, PYMNTS examines the steps banks and BaaS providers can take to give users exceptional convenience while also boosting their engagement and loyalty. READ MORE
Weaponized Fraud: Legacy techniques to stop identity fraud are failing as cybercriminals get increasingly craftier and consumers grow weary of the many identification hoops they have to jump through to prove who they are. In the latest Monetizing Digital Intent Tracker®, PYMNTS takes a look at how behavioral analytics can reduce rates of identity fraud without adding needless obstacles. READ MORE
Super Apps to the Rescue: Buying and selling crypto should be part of every company’s strategy, Bakkt CEO Gavin Michael told PYMNTS. While the company’s super app wallet is front and center, its concentrated goal is “the intersection of crypto, payments, and loyalty.” READ MORE
ICYMI: The neighborhood ice cream truck is getting a tech makeover. Third-party delivery platforms are already delivering ice pops and creamsicles, but now Unilever is rethinking the ice cream truck with multiple robotic upgrades. On-demand ice cream from Unilever brands — including Ben & Jerry’s, Talenti, and Breyers — is now part of an initiative called The Ice Cream Shop. READ MORE
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