July 25, 2024
AI Shift Redefines Edge Computing Strategies
AI’s integration with edge computing is accelerating as tech firms vie to offer faster, localized data processing — a shift that could reshape retail, supply chains and customer experiences. Edge...
July 24, 2024
Morgan Stanley Buys Stake in UK Payments Firm Sokin
British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake in Sokin, the company announced...
July 24, 2024
US Business Activity Reaches Highest Level in 27 Months
U.S. business activity rose to its highest level in 27 months in July, S&P Global said Wednesday (July 24). Output has risen continuously for 1½ years. The pace of expansion...
July 24, 2024
Fortis Acquires MerchantE’s NetSuite Payments Division
Fortis has acquired MerchantE’s NetSuite payments division, saying this move will accelerate the deployment of new, embedded financial and commerce enabling solutions. MerchantE’s NetSuite payments solutions will join Fortis’ existing embedded payments...
July 24, 2024
Cart.com Launches Standalone Warehouse, Transportation Management Systems
Cart.com has made its proprietary warehouse and transportation management systems available as standalone offerings. These modules — Constellation WMS and Constellation TMS — join the company’s distributed order management system, which is called Constellation OMS,...
July 24, 2024
Colin Kaepernick Launches AI Company Focused on Creators
Former NFL quarterback Colin Kaepernick has launched an artificial intelligence (AI) company that aims to use the technology to help creators produce, distribute and merchandise their work. The company, Lumi...
July 23, 2024
Italy Seizes €121 Million from Amazon Unit Over Alleged Tax...
Italy’s tax police have seized approximately €121 million ($131 million) from an Italian unit of eCommerce giant Amazon as part of an ongoing investigation into alleged tax fraud and illegal...
July 23, 2024
Global Freight Recession Drives UPS Profits Down by Over 30%
Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays as a result of the...
July 23, 2024
Data Shows Up as Force Multiplier in Payables and Receivables...
Traditionally, the back office has been populated by the number crunchers: the men and women who used to be characterized by expertise in accounts payable (AP) and accounts receivable (AR)...
