Online grocery marketplace Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) payments throughout the entire United States. With the recent addition of Alaska, the company now accepts SNAP online in all 50 states and Washington D.C., with more than 120 retail banners...
Generative artificial intelligence (AI) may be suffering from recency bias. The technology, which splashed down into the marketplace last November, represents one of the most significant developments in computing capability since the development of data packet switching and communication protocols in the 1960s, which gave...
Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). This is being done to realign its capital structure,...
There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important. The concept of shipping and returns has evolved into an immersive experience. Shipping has influenced the decisions of many shoppers considering...
Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. The new collaboration, announced Thursday (Aug. 10), is centered around Visa Commercial Pay, the payments giant’s B2B suite. “The pandemic exposed significant inefficiencies with traditional payment methods used by businesses,” Gloria Colgan, senior vice president,...
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. In addition to this, 69% of...
Shawn Cunningham, managing vice president and head of Capital One’s trade credit operations, told PYMNTS in a recent interview that it’s time for companies to re-think B2B loyalty. When it comes to loyalty, he said, “most people immediately think of incentive programs. So: points, cash-back...
As the financial industry awaits the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rules governing data sharing, businesses of all sizes are preparing for potential changes in data access and standards. It may seem like a seismic shift looms on the horizon, but Matt Janiga,...
For consumers who can get credit, they’re racking up a ton of it. The most recent quarterly report from the Federal Reserve on household debt indicates that credit card balances have exceeded $1 trillion. The data reveals a $45 billion uptick in balances in the...
