Business payments, increasingly, are being transformed by a number of innovations that take their cue from the consumer realm. B2B transactions, of course, are complex and certainly considerable in size and scope — running into the thousands of dollars (or more), as buyers interact with...
ThredUP is reeling in a more upscale clientele. “We’ve done a really good job as a team of focusing more of our buyer efforts on a slightly more premium shopper,” said thredUP’s CEO James Reinhart during the company’s Q3 2023 earnings call on Monday (Nov....
Paymentus noted in its latest earnings report that its instant payments network is gaining more adherents as wholesale business-to-business (B2B), healthcare and other firms seek to transform bill pay operations. Earnings materials showed that revenues were up 18.9% to $152.4 million. Transactions in the third quarter...
OpenAI debuted what it called the most powerful version of its artificial intelligence (AI) tool. The GPT-4 Turbo AI model, announced Monday (Nov. 6) at the company’s first in-person event, is the latest version of the AI offering OpenAI introduced in March and comes amid...
Composable commerce platform commercetools announced a collaboration with PayPal to offer a wider range of payment options for customers through the PayPal Braintree payment platform. This integration will allow commercetools’ customers to seamlessly work with multiple payment providers, acquirers, and banks, according to a Monday...
BMO Financial Group has announced the launch of its Real Financial Progress Hub, a digital platform that provides customers with access to personal finance advice, tools and resources to help them achieve their financial goals. The hub lets customers to explore financial goals such as...
The CEO of Bed Bath & Beyond has resigned following pressure from an activist investor. The company, which rebranded from “Overstock.com” to Bed Bath & Beyond earlier this year after acquiring the bankrupt retailer, announced the resignation of Johnathan Johnson on Monday (Nov. 6). “Following the recent acquisition of the Bed...
NatWest’s virtual banking assistant Cora is getting an artificial intelligence (AI)-powered upgrade from IBM. The British bank is working with IBM to offer customers a broader range of information, becoming one of the first lenders in the United Kingdom to employ generative AI with a...
The digital shift is forging new battlegrounds for the grocery segment. For the platforms and the giants of retail — Amazon and Walmart among them, along with DoorDash — the focus is on price, fees and the value of consumers’ time as they battle for...
