This week in the ongoing battle between retail giants Amazon and Walmart, the two companies are upping their discounting efforts in an effort to secure the loyalty of cost-conscious consumers. Amazon, for its part, is reportedly taking a tip from such eCommerce giants as Temu...
Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and limited adaptability. Predictive artificial intelligence (AI) improves on this by reducing false positives and adapting to new schemes using machine...
With consumers increasingly expecting to be able to get anything they want, when they want it, bridal retail is picking up the pace, according to Kleinfeld Bridal, the wedding retailer from TLC’s “Say Yes to the Dress.” In an interview with PYMNTS, Co-owner Ronnie Rothstein...
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from InsurTech provider Huize, which saw its stock top the $1 mark after a rocky Q2...
What’s the most precious resource for a small business? Arguably, there are three: capital, customers and time. Artificial intelligence is emerging as a technology that can act as a triple threat, addressing all three of these resources and making a small business look bigger in...
Nike continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. During the quarter ended May 31, the footwear, apparel and equipment company’s Nike Direct revenues were down 8% on a reported basis, to $5.1 billion, while its wholesale revenues were...
KarmaCheck has raised $45 million in a Series B funding round to accelerate the development of its technology-based solution for background checks, credentialing and compliance. The company will also scale its service levels and expand into new industry verticals, KarmaCheck said in a Thursday (June...
Interoperability is viewed by many to be the holy grail of business-to-business (B2B) innovation. By enabling systems to work together seamlessly, businesses can reduce costs, improve accuracy, enhance security, and foster better relationships with their partners. Businesses want flexible and customizable workflows, and providers are...
Accounts payable (AP) management firm Medius has introduced a pair of artificial intelligence (AI)-powered offerings. Medius Copilot is an AI assistant embedded within the company’s AP automation application, designed to assist invoice approvers, especially those who are not AP experts, according to a Thursday (June 27) press...
