FLEETCOR Technologies is reportedly considering selling its prepaid card business. The global business payments company is working with financial advisers on the potential sale of the unit, which could be valued at $500 million to $1 billion, Bloomberg Law reported Tuesday (May 30), citing unnamed...
Talis Capital has announced the first closing of its $175 million fund. With this fund, which is its third fund and its largest to date, the venture capital (VC) firm will continue to lead seed and Series A rounds in tech infrastructure, climate and consumer...
Balance has added an enhanced dunning management solution to its B2B payments platform. The latest release of the company’s Account Receivables Management Suite includes automated payment collection and a portal that shows the status of payments and invoices, Balance said in a Tuesday (May 30)...
Generative artificial intelligence (AI) has most companies looking to buy and integrate, not build, solutions. That’s because the sheer computing cost of running large language models (LLMs), much less the considerable expertise required to build them, leaves most enterprises with little say in the matter....
Walmart may be well ahead of Amazon in terms of share of the total grocery market, but when it comes to the center aisles, the latter is pulling ahead. According to PYMNTS data, Walmart’s share of the total food and beverage market is about seven...
Banks are reportedly expanding their efforts to cater to the world’s wealthiest people. J.P. Morgan Chase’s 23 Wall, for example, is a family office that includes about three dozen people catering to 700 families worth more than $4.5 trillion, Bloomberg reported Tuesday (May 30). Goldman Sachs and Citigroup,...
The proliferation of celebrity-backed brands in recent years has led to a saturation of the market, resulting in a diminishing impact on audience engagement. Celebrities, acknowledging this shift, are now exploring the realm of in-store experiences as a strategic approach to revitalizing their brands. By...
Artificial intelligence (AI) is a hot tool these days. Not only is it helping brands and retailers streamline business operations to become more efficient but it’s also playing a crucial role in enabling brands and retailers to distinguish themselves and captivate consumers. See also: Retailers...
Generative artificial intelligence (AI) is so new, many of its potential problems may not even be on anyone’s radar. Already, the world has grappled with concerns about all the data that goes into a large language model (LLM), including both training and user inputs, and...
