PYMNTS News

SoFi Deposits Grow 26% Year Over Year to $12.7 Billion
SoFi Deposits Grow 26% Year Over Year to $12.7 Billion
July 31, 2023  |  Earnings

SoFi’s earnings results showed a growing embrace of the company’s platform approach that brings savings, lending and spending together in a continuum of financial activity. Earnings presentation materials and...

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Keeping the Baby While Losing the Bathwater: AI’s Efficiencies and Concerns Collide
Keeping the Baby While Losing the Bathwater: AI’s Efficiencies and Concerns Collide
July 31, 2023  |  artificial intelligence

The generative artificial intelligence (AI) revolution is already generating efficiencies across industries. But the rapid advance of the groundbreaking technology has also sparked concern from...

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Bluevine Launches Accounts Payable Offering for Small Business Owners
Bluevine Launches Accounts Payable Offering for Small Business Owners
July 31, 2023  |  Accounts Payable

Bluevine has launched an accounts payable (AP) offering for small businesses. Built to simplify payments management from within Bluevine Business Checking accounts, this solution gives small business owners access to...

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Walmart Debuts ‘Sequel’ to Refurbished Merchandise Program
Walmart Debuts ‘Sequel’ to Refurbished Merchandise Program
July 31, 2023  |  Retail

Walmart has unveiled an updated version of its refurbished product program, aimed at both consumers and sellers. Announced Monday (July 31), Walmart Restored Premium follows last year’s...

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Etsy Sellers Organize Boycott Over Marketplace’s Withholding of Funds
Etsy Sellers Organize Boycott Over Marketplace’s Withholding of Funds
July 31, 2023  |  Retail

Hundreds of Etsy sellers are reportedly organizing a boycott after the online marketplace withheld merchants’ money. This effort comes after the firm told hundreds of sellers that...

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As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
July 31, 2023  |  Retail

During the pandemic, many fled the city to live the suburban life. Today, urban commercial real estate companies are struggling to fill their spaces with...

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Coinbase CEO: SEC’s Request Would Have Meant End of Crypto
Coinbase CEO: SEC’s Request Would Have Meant End of Crypto
July 31, 2023  |  Cryptocurrency

Coinbase CEO Brian Armstrong said a request from the Securities and Exchange Commission (SEC) would have put a stop to all trading on the cryptocurrency platform except for...

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Report: Malls Trapped in ‘Awful Cycle’ as Values Plummet
Report: Malls Trapped in ‘Awful Cycle’ as Values Plummet
July 31, 2023  |  Retail

Seven years after their valuations peaked, America’s malls are on the ropes. As The Wall Street Journal (WSJ) reported Monday (July 31), the country’s older and lower-end...

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Walmart Pays $1.4 Billion For Tiger Global’s Flipkart Stake
Walmart Pays $1.4 Billion For Tiger Global’s Flipkart Stake
July 31, 2023  |  Walmart

Walmart has reportedly paid $1.4 billion for a larger stake in Indian eCommerce firm Flipkart. The retailer made that purchase in recent days from investment...

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