Evergreen Money introduced a high-yield checking account that offers the functionality of a traditional checking account. Deposits in the new Liquid Treasuries account are automatically swept to invest in U.S. Treasury Bills, the company said in a Tuesday (June 25) press release. The account earns...
As same-day delivery aggregators continue to look for new everyday categories to drive usage, leading players in the space have been stepping up their grocery presence. Most recently, Grubhub announced Tuesday (June 25) a partnership with Albertsons Companies to deliver from close to 1,800 of...
One of the themes in PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapse declared bankruptcy, while Evolve Bank and Trust was issued a cease-and-desist order, which in part requires the company to get approval...
Razorpay now enables Indian freelancers to reduce the cost of accepting international payments. The company’s MoneySaver Export Account allows freelancers to open an account in any country, accept payments locally via bank transfers on the Razorpay platform, and save up to 50% in fees and...
Sabre Hospitality’s retailing solution now allows hoteliers to sell experiences, services and goods without a room reservation. The addition of standalone offers to the SynXis Retailing solution enables hoteliers to bring in additional revenue by delivering personalized and relevant offers to travelers, the company said...
Overpayment disbursements — rebates, rewards, refunds, etc. — may not come to mind when considering a consumers’ overall cash flow, but, when these overpayments are issued, consumers want them quickly. Only about 71% of consumers receive some form of refund disbursements, with the average payout...
The Federal Trade Commission (FTC) has reached settlements with three defendants, banning them from sweepstakes and prize promotions. These settlements resolve a complaint the FTC filed against Matthew Pisoni, Marcus Pradel and John Leon in 2015, alleging that they operated a sweepstakes scam that took...
Shopify is offering merchants early access to a commerce-focused artificial intelligence assistant. The AI assistant, dubbed Sidekick, is one of more than 150 updates Shopify has added to its integrated platform for merchants, the company said in a Monday (June 24) press release. “Sidekick offers...
As financially unstable consumers seek ways to afford to shop, credit is enabling them to make higher-value purchases, and retailers are seeing the benefit. The latest installment of the PYMNTS Intelligence The Last Transaction series, “Contrasting the Consumer Credit Habits of Choice and Necessary Financers,”...
