Samsung is looking to cement its role in consumers’ day-to-day food routines, gearing up to launch an artificial intelligence (AI) food recommendation platform. The South Korea-based company will introduce its “Samsung Food” technology at IFA 2023, a global consumer electronics trade fair held in Berlin...
Digital wallet Belo has launched a web platform to help businesses make cross-border transactions. This initiative allows companies from 108 countries to open a free account on Belo, enabling them to make transactions in pesos and cryptocurrencies and send dollars to foreign accounts, Contxto reported Thursday (Aug. 24)....
Amid rapid changes in social media, Partners Coffee noted that, for smaller, direct-to-consumer (D2C) brands, marketing on these platforms is becoming less and less worthwhile compared to more direct communication. In an interview with PYMNTS, Andrew Costaris, director of customer experience at the coffee roaster, which operates a...
Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on the euro zone’s banking system. So said Spain’s deputy central bank governor, Margarita Delgado, in a speech in which she emphasized...
Cash-crunched consumers looking for deals on off-price brands helped propel Burlington Stores to an almost double-digit sales increase, the company said Thursday (Aug. 24). Burlington Stores revealed that its fiscal 2023 second-quarter total sales grew by 9% year over year (YoY), to $2.17 billion. Comparable...
As consumers increasingly change their buying habits toward consumables, Dollar Tree appears to be profiting from this trend. Customers see Dollar Tree and Family Dollar as appealing places to make value-driven purchases. During the retailer’s first-quarter earnings call on Thursday (Aug. 23), CEO Rick Dreiling noted that Dollar Tree...
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.” Much in the way 9/11 forced financial services...
How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT. The implication for regulators,...
Amazon’s strategy of overtaking Walmart in key retail categories may finally come to fruition. The competition between the world’s top two retailers for shares of consumer spend is fierce. Walmart currently dominates in the food and beverage category with an 18% share of consumer spend....
