PYMNTS News

Twitter Plans to Subpoena Sen. Warren in Legal Battle Against FTC
Twitter Plans to Subpoena Sen. Warren in Legal Battle Against FTC
July 20, 2023  |  Legal

Twitter is reportedly planning to issue to subpoena Sen. Elizabeth Warren in connection with its ongoing legal battle against the Federal Trade Commission (FTC). The social media platform plans to...

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Branch Launches Instant Payroll Solution for Workers
Branch Launches Instant Payroll Solution for Workers
July 20, 2023  |  Payroll

Workforce payments platform Branch announced the launch of Branch Direct, an online instant payment solution that allows companies to pay workers directly to an existing...

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Report: CoinDesk to Change Hands in $125 Million Deal
Report: CoinDesk to Change Hands in $125 Million Deal
July 20, 2023  |  Cryptocurrency

A syndicate of investors is reportedly poised to take control of cryptocurrency-focused media company CoinDesk. The investor group is led by Matthew Roszak of Tally Capital, a private investment...

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UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’
UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’
July 20, 2023  |  Bank Regulation

The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to...

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Financial Institutions and Service Providers Welcome Launch of FedNow
Financial Institutions and Service Providers Welcome Launch of FedNow
July 20, 2023  |  Real-Time Payments

Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Many had new offerings ready to go...

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Consumers Consider Pet Supply Subscriptions as Essential as Household Items
Consumers Consider Pet Supply Subscriptions as Essential as Household Items
July 20, 2023  |  Subscription Commerce

Even as subscription rates falter overall, the robust offerings of pet supply subscriptions — plus the emotional attachment to beloved pets — have bolstered the...

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AMC Theatres Ends Seat-Based Pricing After Pilot Program
AMC Theatres Ends Seat-Based Pricing After Pilot Program
July 20, 2023  |  Payment Methods

AMC Theatres will wind down its seat-based pricing initiative after testing it in three markets. The Sightline at AMC initiative, which charged higher or lower prices...

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Tylenol Maker Kenvue Sees Self-Care Surge as Amazon Emerges as Destination for Category
Tylenol Maker Kenvue Sees Self-Care Surge as Amazon Emerges as Destination for Category
July 20, 2023  |  Earnings

Despite beating second-quarter revenue and earnings expectations in its first quarterly report since spinning out from Johnson & Johnson two months ago, Kenvue’s shares declined...

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Robo-Restaurants Are for the Boys
Robo-Restaurants Are for the Boys
July 20, 2023  |  Restaurant innovation

With automation increasingly catching on in the restaurant industry, PYMNTS research finds that men are twice as likely as women to have any interest in...

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