After giving us a big update earlier this month, Treyarch has followed that up with Call of Duty: Black Ops 3 update 1.14 today on PlayStation 4, which addresses and fixes a lot of issues within the game, while also retiring the Mercenary playlist.
Here’s the full list of patch notes for update 1.14:

Multiplayer

General

Mercenary playlist has been retired.
Dream Team no longer tagged by the profanity filter.
?Complete Your Season Pass? has been added to the In-Game Store.

CODCaster

Added support for Numpad number inputs.
Added support for arrow key navigation when the Player Loadout panel is up.
Added custom team colors to loading screen, competitive screens when viewed as a CODCaster, and End Game/Round Transition Screens.

Improvements to Player Card Readability
Increased the overall size of the Player’s Name.
Increased the height/width of the widget to allow for larger font as needed.
Added custom team color to the background of the team name.
Added a transition effect when switching to a different player.

Updates to the Player List to display Team Colors

Added a custom team color gradient to the background of the team name on the Player List.
Added a visual indication on the team that is being switched to.
Removed the color when the team is no longer being spectated.

Visibility updates to the CODCaster Score Panel

Added Custom team color to background of team that is currently being spectated, on team switch the color should disappear.
Added ...