DoorDash is introducing retail media solutions as it expands its alcohol delivery service. The company is expanding its alcohol delivery partnerships with several retailers, including select Food Lion, Giant Food and Stop & Shop locations, according to a Tuesday (June 11) press release. “In 2023,...
For older consumers, shopping is more about meeting basic needs than splurging on nonessential products to make them feel good. For the April edition of the “New Reality Check: The Paycheck-to-Paycheck Report” series, PYMNTS Intelligence surveyed more than 3,400 U.S. consumers in March about their...
Say goodbye to BNY Mellon and hello to BNY. The bank — America’s oldest — is updating its logo and taking BNY as its new name, it announced in a Tuesday (June 11) press release. Its legal parent name will remain The Bank of New York Mellon Corp....
French artificial intelligence startup Mistral AI reportedly raised 600 million euros (about $640 million) in a Series B funding round. The fundraise values the startup at $6 billion about one year after its seed round, TechCrunch reported Tuesday (June 11). The Series B round was...
China unveiled rules designed to fuel international warehouse construction and expand cross-border eCommerce. The draft rules from China’s commerce ministry cover both incoming and outgoing cross-border eCommerce in an attempt to bolster cross-border data management and the supervision of exports, Reuters reported Tuesday (June 11)....
Virtual cards promise a revolution in B2B payments, offering efficiency and certainty in transactions, yet their adoption remains stymied by a critical bottleneck: suppliers’ reluctance to accept them. Despite a clear economic advantage, the uptake is far from the potential growth projected on the horizon,...
Amid financial uncertainties, U.S. consumers are becoming more discerning in what nice-to-have retail products they are willing to indulge in, shifting their purchasing away from major retailers toward smaller brands, with clothing and accessories companies benefitting from this trend. Per a recent Reuters report, data...
The ability of artificial intelligence to transcribe conversations and categorize them by topic can save financial advisers 10 to 15 hours per week, Morgan Stanley CEO Ted Pick said Monday (June 10). The global financial services firm has seen this savings when using an AI...
As the world gets increasingly globalized, the ways that businesses transact become more important. With the Bank for International Settlements’ Committee on Payments and Market Infrastructures emphasizing in its June report that a key priority area for cross-border payments is payment system interoperability and extension,...
