Walmart is cutting back on its staffing at its headquarters and regional offices as it attempts to scale back its costs. Most of those cuts will reportedly be coming from Walmart’s human resources department; according to unnamed sources, top executives believe that many of those functions...
A number of Chinese financial firms are branching out to embrace mobile payments, The Wall Street Journal reported Tuesday (Jan. 10), with an aim of displacing Ant Financial, owned by Alibaba Group, and Tencent Holdings. Get the Full Story Complete the form to unlock this...
VC funds are currently receiving money like they were back in the days of the dot-com boom — they are just spending it a lot more carefully this time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The National Retail Federation (NRF) is calling for more transparency when it comes to credit card fees, urging the Supreme Court to let merchants show customers the extra costs that come with paying with a credit card instead of cash. Get the Full Story Complete...
Pierre Omidyar, founder of eBay, and Reid Hoffman, cofounder of LinkedIn, are among a group of investors that have created a $27 million fund, with the money going toward the humanities, the social sciences and other disciplines in an effort to develop artificial intelligence. Get the...
Samsung Electronics gave more credence to rumors that it is gearing up to launch its own AI assistant dubbed Bixby, with the company saying on its website that consumers have three options when it comes to Samsung Pay: Shopping, Mini and Bixby. Get the Full Story...
NEC Corporation of America, a provider and integrator of IT, communications, networking, retail and biometric solutions, announced Tuesday (Jan. 10) it will be the new exclusive point-of-sale (POS) provider to 8,600 7-Eleven stores around the United States and Canada. Get the Full Story Complete the...
Andy Moser, a former lender to RadioShack, and Thomas J. Lynch, the onetime chief executive of Frederick’s of Hollywood, have joined forces to provide a new avenue for funding to retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The food delivery industry is growing so much it’s getting congested and crowded. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
