News

B2B Payments
Company Data Silos Hinder Spend Management Success
July 11, 2023

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a more efficient result. That’s because no matter the method or how long it has existed as status quo, it will...

Retail
Software-as-a-Service Will Simplify Move to Self-Service Checkout, Says LS Retail
July 11, 2023

When consumers are shopping in stores in the post-pandemic age, they seek new checkout experiences that offer the same benefits they’ve grown accustomed to online. Kristjan Johannsson, general manager at LS Retail, told PYMNTS that unified point-of-sale (POS) technologies and software-as-a-service (SaaS) could help bring...

Regulation
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI). “We’ve seen a sudden advance in AI — and a sudden advance, too, in the conversations about policy surrounding artificial...

Delivery
USPS Steps Up Competition for Small Packages With New Option
July 10, 2023

The U.S. Postal Service (USPS) has launched a new shipping offering designed to let customers send packages within a delivery window of two to five days across the continental United States. The new USPS Ground Advantage is a part of the Postal Service’s 10-year “Delivering America”...

Retail
Walgreens Woos Cautious Consumers With ‘MyW Days’
July 10, 2023

As consumers struggle with high prices, Walgreens is working to woo its loyalty program members. The pharmacy chain on Monday (July 10) announced “myW Days,” a weeklong event — July 23-29 — for members of its myWalgreens program offering rewards and savings on all items in-store, online and...

eCommerce
MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
July 10, 2023

eCommerce giant MercadoLibre could feel a pinch from Brazil’s new tax rules. As Seeking Alpha reported Monday (July 10), Bank of America has lowered its rating on the company with the advent of a rule change that exempts cross-border eCommerce purchases of $50 or less from a 60% tariff...

International
China Creeps Toward Deflation as Recovery Slows
July 10, 2023

While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT) reported Monday (July 10), triggering calls for the government to issue a robust stimulus package as China’s economic recovery stumbles....

Security & Fraud
HCA Healthcare Discloses Data Security Incident Involving Email Messages
July 10, 2023

HCA Healthcare has disclosed a data security incident. The Nashville-based healthcare provider, which has 180 hospitals and 2,300 ambulatory sites of care in 20 states and the United Kingdom, said in a Monday (July 10) press release that the incident involves information about patients that...

Banking
Fed Vice Chair: Banks Need ‘Humility and Skepticism’ and Tougher Rules
July 10, 2023

Banks both big and small will face tougher rules following this year’s banking crisis. That was the message from Michael Barr, the Federal Reserve’s vice chairman for supervision, in a speech Monday (July 10). “Events over the past few months have only reinforced the need for humility and...