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DoorDash Ceases NYC 15-Minute Delivery Test as Ultrafast Bubble Pops BY PYMNTS | JULY 7, 2023 | DoorDash As businesses look to balance consumers’ on-demand expectations with the high cost of fulfillment, ultrafast delivery has been faltering, and DoorDash has become the latest to pull back its efforts in the space. In news first reported by Business...

Senators Call for New Rules to Combat AI-Powered Scams BY PYMNTS | JULY 7, 2023 | AI scams Senators have called on regulators to protect consumers from artificial intelligence (AI)-powered scams. In a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, United States Senators Sherrod Brown, Bob Menendez, Jack Reed and Tina Smith raised concerns...

Dubai and Mastercard Forge Digital City Partnership for Economic Development BY PYMNTS | JULY 7, 2023 | Dubai and Mastercard Dubai’s Department of Economy and Tourism (DET) has announced a partnership with Mastercard to accelerate the emirate’s growth in line with the goals of the Dubai Economic Agenda, D33. Through this strategic alliance, dubbed the Digital City...

SumUp Selects Form3 for Access to UK Faster Payments Scheme BY PYMNTS | JULY 7, 2023 | U.K., payment processor, SumUp, U.S., Fivestars, acquisition SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35 markets worldwide, will...

Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China BY PYMNTS | JULY 7, 2023 | DBS, SWIFT, partnership, cross-border payments, b2b, b2b payments, remittances, global, payments, tracking DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China can now...

Amazon Steps Up Competition in Healthcare With One Medical Discount BY PYMNTS | JULY 7, 2023 | One Medical Amazon’s Prime Day deals include a savings of $55 — 28% off the usual price of $199 — on an annual One Medical membership. The deal is available to new U.S. members and applies to their first year...

Flipkart Confirms Rollout of Digitally Enabled Personal Loan Offering BY PYMNTS | JULY 7, 2023 | Flipkart Flipkart has partnered with Axis Bank to launch a digitally enabled personal loan offering. With this personal loan offering, the Indian eCommerce marketplace’s customers can get loan approval on Flipkart within 30 seconds and flexible repayment cycles ranging from six...

Federal Agencies Investigate Medical Credit Cards and Installment Loans BY PYMNTS | JULY 7, 2023 | Federal Agencies Investigate Medical Credit Cards Three federal agencies have launched an inquiry into “high-cost specialty financial products” used to pay for routine medical care. The inquiry will include medical credit cards and installment loans, the Consumer Financial Protection Bureau (CFPB),...

Meta Reports 70 Million Threads Sign-ups in First 2 Days BY PYMNTS | JULY 7, 2023 | Meta reported that its new Threads app gained 70 million sign-ups in its first two days. “70 million sign-ups on Threads as of this morning,” Meta CEO Mark Zuckerberg said in a Friday (July 7) post on the new...

Report: Judge Halts NYC Law Opposed by App-Based Food Delivery Firms BY PYMNTS | JULY 7, 2023 | Food Delivery in New York City A judge has reportedly halted a New York City minimum wage law that is opposed by app-based food delivery firms. New York State Supreme Court Justice Nicholas Moyne issued a temporary halt to...

The Cost of Doing AI Business BY PYMNTS | JULY 8, 2023 | As the generative AI race heats up, keeping costs in check could offer a significant competitive advantage for businesses implementing the technology. As the generative AI race heats up, keeping costs in check could offer a significant competitive advantage for businesses implementing the...

A US War on Mexico Wouldn’t Win the US War on Drugs by Thomas Knapp Posted onJuly 07, 2023 “A violent drug cartel is suspected of leaving a severed human leg found hanging from a pedestrian bridge Wednesday in Toluca, just west of Mexico City,” CBS News reports. “he trunk of the body was left on the street below, near the...

US Plans Naval Logistics Hub in India as Part of Buildup Against China The US wants to be able to perform maintenance and resupply vessels in India by Dave DeCamp Posted onJuly 6, 2023CategoriesNewsTagsIndia The US wants to turn India into a center for resupplying and maintenance of naval vessels in South Asia as part of its military buildup against China in...

Report: US Will Provide Ukraine Cluster Bombs as Part of New Weapons Package The news comes after HRW issued a report that said Ukraine killed civilians with cluster bombs used in Izium by Dave DeCamp Posted onJuly 6, 2023CategoriesNewsTagsRussia The Associated Press reported Thursday that the Biden administration has decided to arm Ukraine with cluster bombs and will announce the munitions as...