PYMNTS-MonitorEdge-May-2024

AR

Augmented reality is an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory and olfactory.

Source: en.wikipedia.org

Report: 52% of Vision Pro Apps Are Paid Downloads
Report: 52% of Vision Pro Apps Are Paid Downloads
February 12, 2024  |  Apple

New research shows that more than half of apps on Apple’s Vision Pro are paid downloads. As Techcrunch noted in a Monday (Feb. 12) report, that figure —...

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L’Oréal Sees 150% Increase in Virtual Try-Ons as Consumers Seek AR Immersion
L’Oréal Sees 150% Increase in Virtual Try-Ons as Consumers Seek AR Immersion
February 12, 2024  |  Retail

L’Oréal is seeing a rapid uptick in adoption of virtual try-ons, as consumers increasingly seek out mixed-reality technologies that bring real-world-like immersion to online shopping....

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BILL Sees Tailwinds From Growing Convergence of Payments and Software 
BILL Sees Tailwinds From Growing Convergence of Payments and Software 
February 08, 2024  |  Earnings

Small businesses are having big problems in today’s economy. Business bankruptcy rates jumped 30% between September 2022 and September 2023, as macro factors like record high interest rates and...

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73% of Firms Say AP Automation Improves Cash Flow
73% of Firms Say AP Automation Improves Cash Flow
February 06, 2024  |  Commercial Payments

Businesses are expecting a significant increase in both payments made and invoices delivered over the next three years. In fact, on average, firms — regardless...

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BILL Taps Adyen for Acquiring and Card Issuing Services
BILL Taps Adyen for Acquiring and Card Issuing Services
February 01, 2024  |  Partnerships

FinTech platform Adyen has launched a partnership with small business-focused financial operations platform BILL. The collaboration, announced Thursday (Feb. 1), will see Adyen deliver “acquiring and issuing experiences” for...

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Walmart, Maybelline Use AR to Foster Shopper Confidence
Walmart, Maybelline Use AR to Foster Shopper Confidence
January 31, 2024  |  Retail

Retailers are embracing augmented reality (AR) to improve consumer experiences, leave a lasting impact, foster greater confidence in the brand, and ultimately encourage purchases. This...

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Walmart Expands Virtual Try-On Tech to Eyewear
Walmart Expands Virtual Try-On Tech to Eyewear
January 30, 2024  |  Retail

Walmart is expanding its use of augmented and virtual reality technology to include eyewear. The world’s largest retailer’s new offering, announced Tuesday (Jan. 30), comes at a...

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JCPenney Takes AI Into the Store to Appeal to Cost-Conscious Shoppers
JCPenney Takes AI Into the Store to Appeal to Cost-Conscious Shoppers
January 29, 2024  |  Retail

At they navigate a market heavily influenced by inflation, retailers must use a range of tools to respond to the needs of value-driven consumers.  In...

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Toward 2030: How Data-Rich Environments Can Benefit B2B Payments
Toward 2030: How Data-Rich Environments Can Benefit B2B Payments
January 26, 2024  |  B2B Payments

How a business is paid has an upstream impact on the overall B2B relationship.  That’s why firms can gain a competitive edge by offering cutting-edge...

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