June 30, 2024
Redbox Goes Bankrupt as Streaming Video Kills the Rental Kiosk
Redbox’s parent has reportedly filed for bankruptcy protection after defaulting on loans and missing payroll. Chicken Soup for the Soul Entertainment, which acquired the DVD rental kiosk company in 2022,...
June 28, 2024
Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office’s multiyear litigation against the ridesharing companies. The settlement includes rules on wages,...
June 28, 2024
The FTC’s Focus on Private Equity is Warranted
The FTC’s focus on private equity in healthcare is warranted, as we have argued in these remarks, because PE firms make profit maximization over a period of just a few...
June 28, 2024
Paws for Thought: Putting UK Vet Acquisitions on a Tightened...
The veterinary sector in the UK has borne witness to notable consolidation over the past decade, a significant amount of which has been fueled by large corporate groups – particularly,...
June 28, 2024
Why More Banks Say Yes to Insurance as a Consumer...
As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity to meet this growing demand. A recent report from PYMNTS Intelligence and Franklin Madison shows...
June 28, 2024
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for...
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from...
June 27, 2024
Publix Debuts Virtual Care Services via WellSync
Grocery chain Publix is the latest company to bring healthcare to the retail space. The company’s customers can now access virtual care services through digital healthcare firm WellSync, according to...
June 27, 2024
Amazon Merges Clinic and Amazon One Medical Into Single Brand
Amazon’s pay-per-visit telehealth service and its One Medical program are now a single brand. The company announced Thursday (June 27) that Amazon Clinic, introduced in 2022, was being renamed Amazon...
June 27, 2024
Insured Unemployment Number Reaches Highest Level Since 2021
The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15 was 1,839,000, which was 18,000...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.