PYMNTS News

Kellogg Files for Split as Food Companies Bite Off More Than They Can Chew
Kellogg Files for Split as Food Companies Bite Off More Than They Can Chew
July 25, 2023  |  Business

The Kellogg Company is getting closer to splitting off its cereal company, as packaged food giants become so massive that it can be hard to...

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Thales Pays $3.6 Billion for Cybersecurity Firm Imperva
Thales Pays $3.6 Billion for Cybersecurity Firm Imperva
July 25, 2023  |  Acquisitions

French multinational Thales has acquired cybersecurity firm Imperva from owner Thoma Bravo for $3.6 billion. The deal, announced Tuesday (July 25), is designed to bolster Thales’ digital identity and cybersecurity business improve its...

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Staff Shortages Drive Restaurant Visits, Spend Per Meal Decline
Staff Shortages Drive Restaurant Visits, Spend Per Meal Decline
July 25, 2023  |  Economy

June restaurant purchases were at their lowest volume in over a year as consumers tepidly, and unevenly, increased their discretionary spend. As noted in proprietary...

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More Than a Quarter of US Consumers Use More Than One Mobile Wallet
More Than a Quarter of US Consumers Use More Than One Mobile Wallet
July 25, 2023  |  Mobile Wallets

Different mobile wallets may serve distinct purposes for the small but significant share of consumers who rely on them. The majority of mobile wallet users...

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Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
July 25, 2023  |  Loans

Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop...

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DeFi Gets Defanged as Investor Doubts and Regulatory Scrutiny Grow
DeFi Gets Defanged as Investor Doubts and Regulatory Scrutiny Grow
July 25, 2023  |  Cryptocurrency

The year 2023 was supposed to be when decentralized finance (DeFi) platforms proved their value. Cryptocurrency observers predicted an ascension for the DeFi sector after...

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Flowspace Launches AI-Powered Tool for Automating Fulfillment Operations
Flowspace Launches AI-Powered Tool for Automating Fulfillment Operations
July 25, 2023  |  B2B Payments

Flowspace has launched a new tool that automates workflows in the management of transportation and freight. The new FlowspaceAI for Freight is powered by artificial intelligence (AI) and machine learning...

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21% of Consumers Find Making Healthcare Payments Difficult
21% of Consumers Find Making Healthcare Payments Difficult
July 25, 2023  |  Healthcare

The possibilities for managing aspects of our healthcare via digital means are resonating more across the demographic spectrum as platforms and portals increase in popularity...

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Corpay’s X-Border Business Launches Internal Invoicing Solution
Corpay’s X-Border Business Launches Internal Invoicing Solution
July 25, 2023  |  B2B Payments

Corpay’s cross-border business has launched a tool that automates and streamlines the settlement of internal invoices for corporations that have global subsidiaries. The new Netting Manager enables...

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