Truist Financial will close 3.5% of its branches in March because more clients are choosing to bank with it digitally. The Charlotte, North Carolina-based bank is making the closures based on client behavior, branch traffic, transaction volume and other factors, according to a statement emailed to...
Account-to-account (A2A) payments, also known as pay by bank, involve the transfer of funds between bank accounts, often in real-time. Unlike traditional card networks, these payments circumvent intermediaries, offering a more direct and cheaper method to make transactions. One of the main advantages of A2A...
CVS Pharmacy, the retail division of CVS Health, simplified its loyalty program by consolidating it into one membership with two tiers. With both tiers of the ExtraCare program, CVS Pharmacy will offer in-store savings, online sales and personalized deals that will be emailed or texted...
Coke or Pepsi? The perennial debate takes a new twist in the price negotiation battle between retailers and global food giants. Carrefour has decided to stop stocking PepsiCo products in France, including Pepsi, Lay’s chips, and 7Up, citing their increased costs. While this decision aligns...
OpenAI will reportedly launch an online store next week after delaying it in November. The store will allow people to share custom versions of the company’s ChatGPT chatbot, which are dubbed “GPTs,” Bloomberg reported Thursday (Jan. 4), citing an email sent by OpenAI Thursday to...
Personalized offers have become a driving force in consumer behavior in today’s fast-evolving market landscape, reshaping shopping habits and influencing brand loyalty. The ability to tailor offers to individual preferences has motivated consumers to break their usual habits and explore new merchants, fostering an environment...
Amazon reportedly saw its investment in faster delivery bear fruit just before Christmas. In the two weeks leading up to the holiday, the tech giant garnered 29% of global volume of online orders, Bloomberg News reported Thursday (Jan. 4), citing data on 55 million orders from...
Specialized graphics processing unit cloud provider CoreWeave will invest in social artificial intelligence platform Chai. This will bring the total capital invested in Chai to over $10 million and will place the company at a $450 million valuation, Chai said in a Thursday (Jan. 4)...
Early-stage venture capital (VC) firm Exponent Founders Capital has launched and disclosed that it has raised $125 million to date. That total includes a new $75 million Fund II vehicle that will be used to invest in inception and early-stage companies in the fields of...
