PYMNTS

As consumers bear the burden of inflation, PYMNTS Intelligence reveals that nearly all individuals living paycheck to paycheck are making trade-offs when it comes to restaurant spending. The latest installment of PYMNTS Intelligence’s series “New Reality Check: The Paycheck-to-Paycheck Report,” the “How Consumer Perception of Inflation Forces Many to Trade...

98% of Financially Strained Restaurant Customers Are Cutting Back

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches. Now, those users — past...

Block to Pay Cash App Users Up to $2,500 in Data Breach Settlement

To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. Last week, I got the scoop on publicly traded fintech Payoneer acquiring Singaporean startup Skuad for $61 million in cash, with the potential to pay up to $81 million. This was a pretty fast exit for Skuad founder Sundeep Sahi, who launched the company in 2019 with the aim of simplifying international hiring and had raised $19 million in venture funding. Both Payoneer and Skuad are geared toward SMBs that operate internationally, particularly in emerging markets. Notably, rather than build out the tech itself, Payoneer decided to acquire Skuad and integrate its payroll and contract management products into its own offering.

Payoneer scoops up Skuad, Robinhood’s strong Q2, and X is making progress on payments

ID verification firm Socure has introduced a new way for businesses to validate return customers. Selfie Reverification, announced Thursday (Aug. 8), can validate customers online with a selfie from any device in less than two seconds. “Identity verification isn’t a one-time event. As consumers interact with an online service over...

Socure Debuts Selfie Reverification to Root Out Deepfakes

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Value has become the watchword for fast-food brands these days. As CNBC reported Sunday (Aug. 11), restaurant CEOs keep pointing to value when explaining to investors why sales have cooled, while also offering up their plans to boost traffic. “Value” came up nearly 80 times when McDonald’s held its earnings...

Fast-Food Chains Promote Value as Restaurant Prices Climb

South Carolina State

Town Talks

When it comes to deciding who to marry, many people choose to spend the rest of their lives with a high school sweetheart, college classmate, or someone they met at work. Others decide to tie the knot with someone who they have known their whole lives — and maybe even met at a family reunion.

Can you marry your first cousin in North Carolina? What state law says

As retail giants Amazon and Walmart compete to be consumers’ go-to for more of their day-to-day needs, the two companies are looking to delivery times as a key factor influencing shopper loyalty. Amazon, for its part, shared on its Q2 earnings call last week how boosting delivery speeds is...

Who’s Faster? Amazon and Walmart Race to Meet Demand for Instant Delivery

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

As online grocery subscriptions gain in popularity, Generation Z is leading the charge by a considerable margin. PYMNTS Intelligence’s “How the World Does Digital” study surveyed more than 67,000 consumers across 11 countries accounting for nearly half the world’s GDP about their digital habits. The results...

Gen Z Uses Grocery Subscriptions 133% More Than Gen X

So far this year, PYMNTS Intelligence data has illuminated a wide range of shopper behaviors, highlighting how omnichannel engagement is changing over time and how economic pressures are impacting spending habits. Here are five key takeaways about shopper behavior from 2024 so far. The Rise of the Click-and-Mortar™ Shopper.

How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports

Pompano Beach, FL

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Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

“Ripple USD will be fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars,” the announcement reads. Ripple plans to launch a stablecoin called Ripple USD (RLUSD) by the end of 2024, available on XRP Ledger and Ethereum. It promises benefits like deep liquidity for certain trading pairs, instant settlements, and programmable finance.

Important Ripple (XRP) Update

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

While you were watching track and field, basketball, fencing and swimming we were keeping our usual close eye on the “faster, higher, stronger” world of payments, banking and the connected economy. And now that your eyes have had a bit of a workout with that compound sentence, here are some of the best quotes from our interviews during the week ending Aug. 9.

They Said That: Notable Quotables for the Week of August 5

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Weston, FL

If Mangia & Bevi Pizzeria Napoletana in Weston has been on your radar, you might want to know about some recent hiccups they’ve encountered. The pizzeria was ordered to close on July 29, and here’s what the health inspectors found:

Florida Pizzeria closed for 14 Violations- Employee touching ready-to-eat food with their bare hands

Wells Fargo has appointed Bridget Engle as senior executive vice president and head of technology, reporting to CEO Charlie Scharf. Joining the company’s operating committee on 12 August, Engle will be responsible for all technology across the company. She brings more than 30 years of experience leading technology transformations...

Wells Fargo selects Engle to head technology

U.S.-based investment firm KKR is reportedly planning an $800 million purchase of a corporate public relations division from UK conglomerate WPP. This move forms part of KKR’s broader financial growth strategy. For WPP, this decision aligns with its current restructuring and resource streamlining processes. The sale of its corporate...

KKR planning $800 million acquisition from WPP

NewsBreak

Trustly Transaction Value Hits $16 Billion for H1 2024

Open banking payments firm Trustly says it has seen a surge in transaction value. The company announced Tuesday (Aug. 13) that it processed 13.1 billion pounds...

Trustly Transaction Value Hits $16 Billion for H1 2024

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