As consumers’ grocery budgets continue to be pressured by years of inflation and other economic challenges, merchants are tapping digital deals to drive omnichannel adoption, and in turn to boost customers’ lifetime value. With consumers who engage across channels spending the most and purchasing the...
Corporate payouts platform Onbe has teamed with TimeForge to help restaurant workers get tipped faster. The partnership will see Onbe combine its digital payout offering with TimeForge’s tip tracking solution to turn the “cash-heavy” tip payout process into a digital experience, the companies announced in a news release Thursday...
As consumer packaged goods brands look to manage cost inflation, IBM is seizing on the opportunity to drive sales with smarter supply chain solutions. The tech giant announced Thursday (Jan. 11) a partnership with software company SAP on artificial intelligence solutions for CPG and retail...
Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative of a struggling company, or is it merely a recalibration? Apparel subscriptions, known for their high loyalty, have been reported...
People are getting more used to logging into their favorite apps on their smartphones using facial recognition or their fingerprints. This includes using Apple Pay, Google Pay and other payment platforms for their online purchases. Nearly half of online shoppers in the U.S. use some...
A recent EY survey of 1,200 global CEOs reveals that while executives are investing in AI strategies, they face significant challenges in both formulating and operationalizing these plans. More than two-thirds of CEOs recognize the urgent need to act on generative AI, but many feel...
Mahdi Raza, co-founder and co-managing partner of Exponent Founders Capital, told Karen Webster that the landscape is changing for investors eyeing the digital transformation of various sectors — especially B2B. “A good valuation does not make a good investment,” Raza said. And as investor FinTech...
In the narrative of the retail scene, the consistent theme over the last two years has been the influence of inflation on consumer spending. However, this impact extends beyond the mere allocation of funds, as promotions and discounts have now become even more integral to...
Porch Group has launched a fraud warning product for title and escrow companies. The new RynohVerifi product is designed to help protect against payment fraud by confirming the payee account ownership and alerting clients to any anomalies with the account details, the company said in a Tuesday...
