News

Retail
Loop and ReBound Team for Simplified Retail Returns
July 16, 2024

Returns technology providers Loop and ReBound say they are joining forces. The collaboration, announced Tuesday (July 16), lets retailers using the Loop platform access ReBound’s omnichannel returns management services. The integration allows Loop users to use ReBound’s global logistics offering, which includes return shipments, advanced...

Security & Fraud
IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
July 16, 2024

The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners — a group of state tax agencies and private tax industry organizations — said Tuesday (July 16) they are seeing a...

Retail
Save A Lot VP: Consumers Cross-Shop to Stretch Grocery Budgets
July 16, 2024

Amid ongoing inflation and economic challenges, grocery shoppers are recalibrating their budgeting behaviors to make ends meet. Katie Kobus, vice president of marketing at Save A Lot, a grocery banner wholesaler with 760 stores across 32 states, spoke with PYMNTS to provide an in-depth look...

Security & Fraud
US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
July 16, 2024

Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the Department of Treasury’s Office of Foreign Assets Control (OFAC) and the FBI, released a notice on the topic Tuesday (July...

Artificial Intelligence
From Eye Scans to Drug Design, AI Takes on Healthcare
July 16, 2024

Artificial intelligence is making waves across the medical field, with new studies showing promise in predicting eye treatment complications, analyzing heart MRIs, and even designing RNA-based drugs. While specialized healthcare AI models demonstrate potential, research also cautions against relying on general-purpose AI chatbots for clinical...

eCommerce
Clearco and Boundless Team to Expand Working Capital for eCommerce Merchants
July 16, 2024

eCommerce invoice funding firm Clearco has teamed with small-business-focused capital marketplace Boundless. The partnership, announced Tuesday (July 16), is designed to provide working capital to eCommerce brands, with Clearco offering businesses outside their core target direct access to Boundless’ marketplace, and Boundless connecting eCommerce brands...

IPO
Predictive AI Company SymphonyAI Aims for 2025 IPO
July 16, 2024

Artificial intelligence firm SymphonyAI is reportedly planning to go public next year. The company, whose predictive and generative AI tools can help financial services firms spot fraud and retail companies gain insights into supply chains, is in talks with banks about an initial public offering...

B2B Payments
Procore Seeks FedRAMP Authorization for Construction Management Software
July 16, 2024

Procore Technologies is working to authorize its construction management software with the Federal Risk and Authorization Management Program (FedRAMP). The company has prepared tools, processes and methodologies to ready for FedRAMP compliance and has selected global cybersecurity and compliance company Coalfire to help it complete...

eCommerce
Ocado Sees Consumers’ Embrace of Online Grocery Return
July 16, 2024

Ocado CEO Tim Steiner said his company is benefitting from a resumption in online grocery buying. Consumers have gone back to eGrocery following a post-pandemic rise in brick-and-mortar buying, Steiner told Bloomberg Tuesday (July 16) after the grocery technology company reported earnings showing it nearly...