As rising food prices alienate grocery customers, merchants are beginning to throw their weight around with major food brands, if the Carrefour-PepsiCo standoff is any indication, though the truth may be murkier. Last week, Reuters reported that the French grocery giant informed shoppers that it...
B2B subscription commerce platform AppDirect received $100 million for its investment program. The new funding will support financing options for technology advisors through the AppDirect Capital Invest program, according to a Tuesday (Jan. 9) press release. “In today’s dynamic channel market, every technology advisor faces...
Pay by bank, also known as account-to-account (A2A) payments, is gaining in popularity. More consumers are turning to this payment method to shop, pay their bills or for peer-to-peer transfers because of its fast and convenient nature. Despite this, only a third of U.S. consumers...
Accounts payable (AP) and accounts receivable (AR) are two of the areas that typically entail more processing time and involvement of the workforce. Traditionally, managing B2B payment processes means a lot of manual tasks in invoicing, accounting or payment processing. Thus, implementing effective automation in...
Visa and CIBC have formed a new collaboration to help the bank’s clients send remittances across borders more conveniently. With Visa Direct’s money movement capabilities, the clients of CIBC and its digital banking division Simplii will be able to send money to more digital wallets in the Philippines, China,...
Dutch startup Whispp raised 750,000 euros (about $820,000) in a seed round to launch its artificial intelligence-powered real-time assistive voice technology and calling app. Designed for people whose speech has been diminished by stuttering, throat cancer, vocal cord paralysis or Lou Gehrig’s disease, Whispp’s solutions...
European regulators are reviewing whether Microsoft’s involvement with OpenAI warrants further investigation. The European Commission (EC) revealed its interest in the ties between the companies Tuesday (Jan. 9) as it announced a larger artificial intelligence (AI) project. “Virtual worlds and generative AI are rapidly developing,” Margrethe Vestager, the commission’s executive vice...
Consumers’ increasing adoption of grocers’ in-house eCommerce options is eating into the retailers’ margins amid ongoing financial challenges. Grocery giant Albertsons Companies, Inc., which has more than 2,200 locations across 34 states, reported financial results for the quarter ended Dec. 2 on Tuesday (Jan. 9),...
Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety of factors, though much of 2023’s reporting dealt with losses from a wave of retail theft. But as 2024 begins, investors...
