Biometric authentication methods have expanded into multiple applications in recent years, from online payments to mobile devices to banking transactions or facial identification for security. Nearly half of online shoppers in the United States already use biometric authentication methods for purchasing online, and around 15%...
Syrup has raised $17.5 million in a Series A round to expand its artificial intelligence (AI)-powered platform that helps brand optimize their inventory for omnichannel commerce. The firm will use the new funding to add to its engineering, product and sales teams and expand its platform,...
Thursday (Nov. 30) was OpenAI’s ChatGPT’s first birthday. And what a year it’s been for the generative artificial intelligence (AI) landscape more broadly. We are only at the beginning of the age of AI — yet to even scratch the surface of AGI (artificial general...
Despite economic uncertainty, consumers have been spending in the week after Thanksgiving to complete a portion of their holiday shopping and take advantage of the best deals. This year’s Black Friday online sales in the United States approached a record of almost $10 billion, representing...
Neiman Marcus has reportedly rejected a $3 billion takeover bid from Saks Fifth Avenue. The two luxury department store chains have been engaged in negotiations for several months but have been unable to agree on the terms of a potential merger, The Wall Street Journal...
This quarter, fashion retailer Express is looking at merchandise discounts to draw in more shoppers. During the latest earnings call, CEO Stewart Glendinning acknowledged the retailer’s recent challenges, particularly in its merchandise strategy. “I mean, women had a — historically, in the last couple of years,...
Ulta Beauty is delivering bargains and luring customers. During an earnings call with investors Thursday (Nov. 30), CEO Dave Kimbell shared that the retailer experienced strong foot traffic, both in physical stores and online. Additionally, he expressed expectations for a more promotional holiday season in...
Panera Brands, the casual dining group owned by investment group JAB, has confidentially filed paperwork for an initial public offering (IPO) in the U.S., according to sources familiar with the matter. The Missouri-based group is planning to go public in 2024, signaling a potential revival...
Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Although it is early days, “from my point of view, FedNow is doing exactly what it was planned to do,” said Sheril. She...
