PYMNTS News

Hershey Sees Consumers Change Their Tune on Chocolate Amid Inflation
Hershey Sees Consumers Change Their Tune on Chocolate Amid Inflation
July 27, 2023  |  Earnings

For a long time, candy brands maintained that chocolate was an affordable luxury, one that consumers would continue to spring for even as prices rose,...

READ MORE >
Croissant Raises $24 Million to Help Consumers Boost Resale Values
Croissant Raises $24 Million to Help Consumers Boost Resale Values
July 27, 2023  |  Retail

Croissant, a FinTech platform that helps consumers realize the resale value of eCommerce purchases, has launched with $24 million in funding. According to a Thursday...

READ MORE >
Nearly a Third of Consumers Want More Than Biometric Authentication When Accessing Bank Accounts
Nearly a Third of Consumers Want More Than Biometric Authentication When Accessing Bank Accounts
July 27, 2023  |  Authentication

When it comes to authentication, consumers increasingly trust and prefer the biometrics afforded by smartphones to protect their identities. But although they love this seamlessness,...

READ MORE >
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
July 27, 2023  |  Banking

Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to...

READ MORE >
Mastercard: Click to Pay Transactions Surge 70% Over Last Year’s Levels
Mastercard: Click to Pay Transactions Surge 70% Over Last Year’s Levels
July 27, 2023  |  Mastercard

New payment flows and Click to Pay transactions surged for Mastercard in the second quarter of 2023 as consumers and businesses continued to turn to digital channels as their...

READ MORE >
Affirm Lets Cathay Pacific Travelers ‘Pay Over Time’
Affirm Lets Cathay Pacific Travelers ‘Pay Over Time’
July 27, 2023  |  BNPL

Hong Kong-based airline Cathay Pacific has chosen Affirm as its U.S. “pay-over-time” partner. The partnership, announced Thursday (July 27), lets the air carrier’s customers use Affirm’s buy now, pay later (BNPL)...

READ MORE >
House Financial Services Chairman Calls for Governance Limits and Clarity for Stablecoins
House Financial Services Chairman Calls for Governance Limits and Clarity for Stablecoins
July 27, 2023  |  Cryptocurrency

House Financial Services Committee (HFSC) Chairman Patrick McHenry aims to reduce the influence of environmental, social and governance (ESG) initiatives in financial markets. In opening remarks for the committee’s markup of the...

READ MORE >
RapidAI Secures $75 Million to Continue Developing Clinical AI Solutions
RapidAI Secures $75 Million to Continue Developing Clinical AI Solutions
July 27, 2023  |  artificial intelligence

RapidAI has secured $75 million in Series C funding to continue developing its clinical artificial intelligence (AI) solutions. This new round of funding will enable RapidAI...

READ MORE >
Prosecutors Want Bankman-Fried Jailed but Drop FTX Campaign Finance Charges
Prosecutors Want Bankman-Fried Jailed but Drop FTX Campaign Finance Charges
July 27, 2023  |  Legal

The soap opera of Sam Bankman-Fried continues, and the latest developments show the script might be going off the rails. Federal prosecutors petitioned Wednesday (July...

READ MORE >