Let’s play buzzword bingo: “AI” is so abuzz right now, it’s positively ablaze. However, does its usage live up to the label that the financial services and payments industry has given it? Not really. In the new study, The AI Gap, PYMNTS interviews executives at...
China’s JD.com’s quest to expand into technologies such as artificial intelligence and automation is causing its expenses to soar, with the company seeing its Q2 technology costs go up over 70 percent year over year for the third consecutive quarter. Get the Full Story Complete...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest grocery pickup expansion effort, along with SWIFT talking about a rumor of a Ripple integration. American Express might have a database problem, Wells Fargo faces...
Instacart, the online groceries company, announced Wednesday (Nov. 7) the national expansion of Instacart Pickup, a new grocery click-and-collect service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Starting a new business is never easy, and new apparel lines are particularly challenging. There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. Get the Full Story Complete the form to unlock this article...
Restaurant pickup pod company Minnow was born after its co-founder was waiting in a long line at a restaurant for lunch. He noticed that the customers around him were annoyed with the wait, and they were actually leaving the premises: “You had a business with...
Amid growth in active buyers and gross merchandise sales (GMS), Etsy beat analysts’ estimates for the third quarter. The art and crafts marketplace reported revenues of $150.4 million and earnings per share of 15 cents compared to analysts’ estimates of $149.9 million and 7 cents,...
With CVS’ planned acquisition of Aetna expected to close prior to Thanksgiving, the combined company plans to tackle health outcomes and services while reducing health costs. The health retailer is looking to open concept stores in the beginning of 2019, CNBC reported. Get the Full...
With an Alibaba partnership, Starbucks’ delivery service in China has a wide reach: the chain offers delivery in 17 cities in the country in 1,100 stores after coming online in September in Shanghai and Beijing, Chain Store Age reported. Get the Full Story Complete the...
