News

Retail
Gen Z and Millennial Sock Shoppers Go Toe to Toe
June 08, 2024

It looks like there’s a generational paradigm shift in a key hosiery category — on platforms such as TikTok, viral videos depict a lighthearted sock war between millennials and Generation Z. In an interview with PYMNTS, Mona Goshin, senior vice president of merchandising and product...

Investments
Seven AI Raises $36 Million for AI-Powered Cybersecurity Solution
June 07, 2024

Seven AI raised $36 million in its initial round of funding to support its mission of arming companies with artificial intelligence-powered cybersecurity solutions. “With attackers harnessing the power of AI to unleash unprecedented levels of cyber assaults, the time has come to equip defenders with...

Retail
Apparel Retailers Use New AI Features to Reduce Online Returns
June 07, 2024

As clothing brands and retailers continue to struggle with the costly problem of returns, many are turning to artificial intelligence to help consumers buy products they will actually want when they arrive. True Fit, a player in the realm of size and fit personalization, announced...

News
Making Sense of the Cost of Cash for Businesses
June 07, 2024

Increasingly, the most used wallet in a shopper’s pocket isn’t the leather one. It’s the digital wallet in their phone. That’s also the case with the money they use to pay small businesses and merchants — it is becoming more and more electronic, and less...

Banking
Banks See Risk in Dependence on Big Tech’s AI Capabilities
June 07, 2024

The growing dependence of banks on Big Tech companies for artificial intelligence (AI) capabilities is reportedly raising concerns about new risks. This dependency of the financial industry on a limited number of tech companies is seen as one of the biggest risks for banks, European...

Artificial Intelligence
AI Agents Attract Funding, Aim to Transform Industries
June 07, 2024

Artificial intelligence agents have reportedly caught the attention of tech investors, leading to a surge in funding for startups focused on building them. The interest from tech investors highlights the potential of AI agents to transform industries and create new opportunities, CNBC reported Friday (June...

Retail
Walmart to Replace Paper Price Tags With Digital Shelf Labels
June 07, 2024

Walmart has begun rolling out digital shelf labels (DSLs) in its stores. Following a test at the retailer’s location in Grapevine, Texas, the technology will be expanded to 2,300 stores by 2026, Walmart said in a Thursday (June 6) blog post. The DSLs, developed by...

Faster Payments
37% of Freelancers Use Instant Payments to Ease Financial Stress
June 07, 2024

Life as a freelancer is not for the faint of heart. Freelancing often requires constant hustling, as these workers generally look for new projects even before current projects are completed. And concerns about getting paid add to the aggravation. After all, people who work on...

Loyalty & Rewards
Insomnia Cookies Moves From Indulgence to Repeat Treats With Data-Driven Loyalty
June 07, 2024

Cookies might seem like the ideal business. They seem insulated from the vagaries of inflation and economic headwinds. Who doesn’t crave an indulgence here or there — a late-night snack that, delivered to one’s door, offsets the pressures of the workday? In many ways, cookies...