The upmarket push is showing up at department stores, where the objective is to get customers to spend more without making the jump into luxury. Macy’s CEO Tony Spring described that effort during the retailer’s second-quarter conference call last week after an analyst asked about...
The Federal Reserve just made corporate cash strategic again. The Fed on Wednesday (Sept. 16) raised its benchmark interest rate by a quarter percentage point, bringing the federal funds target range to 3.75% to 4%. It was the central bank’s first increase since 2023, approved...
AI startup Plaud is reportedly planning to file for an initial public offering (IPO) in 2028. CEO Nathan Xu told The Wall Street Journal (WSJ) Thursday (Sept. 17) that the company will be ready for a U.S. public listing once its yearly revenue surpasses $1 billion. Plaud, incorporated in 2022,...
The Food and Drug Administration is keeping a firm regulatory gate between a new radiology algorithm and its ability to generate revenue in the United States. An FDA final order that took effect Thursday (Sept. 17) requires several categories of artificial intelligence-enabled radiology software to continue receiving...
Mastercard and Alchemy, a provider of blockchain infrastructure for apps and artificial intelligence agents, partnered on an agentic payment option that Mastercard will roll out this week, Alchemy said in a Thursday (Sept. 17) post on social platform X. The checkout button is dying. AI...
Watch more: Digital Shift With Flagright’s Chris Phillips Financial institutions have spent years stalking the risks and opportunities that artificial intelligence brings to their security-critical space. Then came AI agents. These agents could give banks something their existing financial crime operations struggle to produce: investigations...
Bank of America’s digital platform for treasury tasks, CashPro App, was used by European companies to approve more than 100 billion euros (about $115 billion) in payments in the first seven months of the year, the bank said in a Thursday (Sept. 17) press release....
Watch more: Need to Know With Sebastian Fantini of EBANX Payment fragmentation can slow cross-border expansion when each new market and each new method mean a new integration project. Bundling things up can simplify it all. The underlying transaction is familiar, like a software subscription,...
Watch more: The Agentic Experience With Mastercard’s Chiro Aikat It’s no secret that artificial intelligence is already becoming part of how consumers search and shop, giving agentic commerce a large base from which to develop. But there’s a challenge when it comes to convincing consumers...