Amazon is reportedly overhauling its grocery operations to compete on that front with rival Walmart. Changes on tap include updated stores, a warehouse automation pilot and offering fresh food delivery to non-Prime members, Bloomberg News reported Wednesday (Aug. 2). Meanwhile, Amazon will also merge its eCommerce grocery offerings — Whole...
Pinterest says its efforts to become a shopping destination are bearing fruit. While releasing its earnings Tuesday (Aug. 1), the social media platform said click rates and saves on posts linked to shoppable items rose 50%, exceeding its first quarter’s growth rate. Whether people would...
Banking in the cloud might have once been a nice-to-have, but over time has become critical to enabling the changes that banks are trying to enact across the payments landscape. But despite the value financial institutions (FIs) can capture through cloud migration, moving and outsourcing...
The digital, connected economy knows no borders. The movement of money, however, is increasingly aware of them. Whether a company is already transacting internationally, or looking to enter a new market, the realities of cross-border payments can add layers of complexity to businesses’ commercial opportunities...
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B and trade finance sectors are especially ripe for digitization, because they are collectively knee deep...
Riskified has integrated its fraud prevention and risk management solutions with commercetools’ eCommerce platform. The integration allows merchants using commercetools to combat payment fraud while ensuring a frictionless customer experience, the companies said in a Tuesday (Aug. 1) press release. “Merchants should never have to choose between stopping fraud...
Cosmetics maker Revlon has announced the appointment of Elizabeth “Liz” A. Smith as interim CEO of the company, effective Tuesday (Aug. 1). Smith takes over from Debra Perelman, who is stepping down from her role as president and CEO and board member, but will remain an advisor to the...
Tide, a United Kingdom FinTech, has added accrual-based accounting to its digital business finance platform for small- to medium-sized businesses (SMBs). This addition to the Tide Accounting tool helps more SMBs simplify their accounting, the company said in a Tuesday (Aug. 1) press release. “Standard accrual-based accounting...
Nearly half of the companies in the S&P 500 have reported their most recent financial earnings. The terms “artificial intelligence” or “AI” were mentioned a total of 827 times, nearly double the amount of mentions as the quarter prior, Reuters reported Tuesday (Aug. 1). The generative...
