American Banker, citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes news of PepsiCo’s major new acquisition, and Walmart’s latest plans for virtual reality (VR) retail. Alibaba might have a new plan to take on Amazon in India,...
Generation Z is coming into its own, and according to new research, it will account for 40 percent of all shoppers by 2020, reported USA Today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
YayYo, the online ridesharing company, is gearing up an initial public offering (IPO) in the U.S. Seeking Alpha, citing an S-1/A registration with the Securities and Exchange Commission (SEC), reported the company is aiming to raise $5 million in gross proceeds from the IPO. As...
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports, the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon...
PepsiCo is buying Israel-based SodaStream for $3.2 billion, according to reports from CNBC out this morning. That values the beverage startup at $144 a share — a sum Pepsi will be paying in cash for SodaStream’s outstanding stock, a 32 percent premium to its 30-day volume...
To help customers avoid the lengthy lines of traditional checkout counters, supermarkets are turning to self-checkout technology, along with revamped store designs. When retailers don’t have to dedicate space in their brick-and-mortar locations to cash registers, consumers can enjoy less friction during checkout. To make...
We are all often encouraged to think outside of the box. Generally, the advice indicates that one should abandon their preconceptions — the walls of their box — in the hopes of inspiring a creative new take, approach or strategy. Get the Full Story Complete...
As the temperature goes up, late payments scorches SME owners. Hitachi Capital Business Finance shows that a late payments “epidemic” is underway for those chasing invoices stretching back to June. Plus, in the UK, some business owners have to delay or cancel vacation plans as...
