PYMNTS News

Grasshopper and Cable Debut Financial Crime Prevention Testing Platform
Grasshopper and Cable Debut Financial Crime Prevention Testing Platform
July 25, 2023  |  Security & Fraud

Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. The bank will...

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Revolut Extends Accounts in US to Non-Citizens
Revolut Extends Accounts in US to Non-Citizens
July 25, 2023  |  Digital-First Banking

Revolut is now offering accounts to non-United States citizens lawfully in the country, who do not have a Social Security number (SSN) or individual taxpayer identification...

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Earned Wage Access Firm Immediate Closes $16 Million Funding Round
Earned Wage Access Firm Immediate Closes $16 Million Funding Round
July 25, 2023  |  Investments

Earned wage access company Immediate has closed a $16 million funding round to accelerate its trajectory in the workplace financial health sector. The funds, which include both...

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Grubhub Says Subscription Commerce Is Taking Over the Restaurant Industry
Grubhub Says Subscription Commerce Is Taking Over the Restaurant Industry
July 25, 2023  |  Subscriptions

Grubhub is stepping up its subscription program as membership schemes increasingly supplement or replace points-based rewards programs for restaurant customers. In an interview with PYMNTS following...

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Why Seniors’ Surprisingly Strong Spending Power Starts at Home
Why Seniors’ Surprisingly Strong Spending Power Starts at Home
July 25, 2023  |  Consumer Finance

Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities. Even as they ease out of their peak earning power, baby...

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Report: Regional Lenders Banc of California and PacWest Negotiate Combination
Report: Regional Lenders Banc of California and PacWest Negotiate Combination
July 25, 2023  |  Partnerships / Acquisitions

Regional lenders Banc of California and PacWest Bancorp are reportedly in advanced negotiations to combine. A deal could be announced as soon as Tuesday (July 25), when both banks are scheduled...

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Walmart’s Digital Blind Spot Helped Amazon Win Summer Sales Standoff
Walmart’s Digital Blind Spot Helped Amazon Win Summer Sales Standoff
July 25, 2023  |  Retail

Summer deals got financially fraught consumers to shop both Amazon Prime Day and Walmart+ Week in mid-July. But according to PYMNTS data, twice as many...

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Consumers Worry Automation Will Depersonalize the Restaurant Experience
Consumers Worry Automation Will Depersonalize the Restaurant Experience
July 25, 2023  |  ResTech

As robotics catch on throughout the restaurant industry, consumers are worried about losing the personal experience they look for in a restaurant. By the Numbers...

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Apple’s Ad Policy Catches Attention of French Regulator
Apple’s Ad Policy Catches Attention of French Regulator
July 25, 2023  |  Apple

Apple’s advertising practices have drawn the ire of France’s competition watchdog. The country’s Autorité de la Concurrence on Tuesday (July 25) issued a statement of objection to the iPhone maker’s...

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