As retailers look for ways to merge the brick-and-mortar and eCommerce experiences, many shoppers are open to using virtual reality (VR) to bridge the gap. By the Numbers The PYMNTS Intelligence study “How We Will Pay Report: How Connected Devices Enable Multitasking Among Digital-First Consumers”...
TikTok is testing a new feature that aims to make all videos posted on the social media platform shoppable, allowing viewers to easily find and purchase products featured in videos. Using advanced technology, TikTok’s new feature automatically identifies objects in a video and prompts viewers...
Americans are projected to spend $14.2 billion this Valentine’s Day amid heightened consumer confidence. That record amount comes from a survey released Monday (Jan. 29) by the National Retail Federation (NRF) and Prosper Insights & Analytics. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,”...
PayPal Ventures invested in Mesh, an embedded finance platform for cryptocurrency transfers and payments. The funding was made almost entirely with PayPal USD and marks the first time PayPal Ventures has used PayPal’s in-house stablecoin for an investment, according to a Monday (Jan. 29) press...
Artificial intelligence (AI) company Sema4.ai has secured $30.5 million in funding to bring open source-powered AI to enterprise work. The company aims to redefine the future of knowledge work by developing intelligent agents that transform how knowledge workers collaborate with AI, Sema4.ai said in a Monday (Jan....
Dollar General is using artificial intelligence to optimize its fresh produce buying, as across the grocery industry, retailers are tapping automated solutions to improve their purchasing decisions and boost efficiency. The discount chain is expanding its use of AI from solution provider Shelf Engine, which...
BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over their cash administration activities and reporting capabilities, the bank said in a Monday (Jan. 29) press release. The Virtual Account-Based...
Substack readers can now pay for their subscriptions in local currencies. It’s part of a wider series of changes by the newsletter publisher announced last week as it seeks to make things easier for international writers and readers, according to a company blog post. “Substack...
Often as part of loyalty initiatives, brands and merchants partner with financial institutions to launch their own credit cards. These store cards or merchant-branded cards not only allow cardholders to access a series of benefits such as discounts or reward points when purchasing products, but...
