As physical locations closed or access to them became otherwise restricted during the pandemic, companies had to pivot to digital channels to survive. Even stores that remained open had to evolve. With health concerns swirling, for example, the use of contactless payment options took off....
We’ve all done this dance. You want to send money to another person — you have a Venmo account, but they don’t. They have a PayPal account, but you don’t. Your bank is connected to the Zelle network, and they don’t know if theirs is...
The “critical audit matters” standard reportedly failed to catch key issues in the recent bank failures. The standard, introduced in 2017 and meant to make audit opinions more useful to investors, failed to highlight the unrealized bond losses that brought down Silicon Valley Bank, The...
Two lawmakers are asking Silicon Valley Bank depositors if their executives received personal perks from the bank. In a letter dated Sunday (April 9) and sent to the companies, Sen. Elizabeth Warren, D-Mass., and Rep. Alexandria Ocasio-Cortez, D-N.Y., asked about recent media reports that executives...
Moore’s law is getting an artificial intelligence (AI) makeover. This, as rather than the pace of technology doubling every two years, as posited in 1965 by Gordon Moore — one of the godfathers of the semiconductor industry — advancements in next-generation computing capability have rapidly...
The handbag and accessory brand Patricia Nash is now using thredUP’s Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered program, Patricia Nash joins 40 other brands offering resale programs through the fashion resale site’s RaaS offering, Patricia Nash said in a Monday (April 10) press release. “We have a...
As retailers seek ways to make eGrocery profitable, curbside-only stores are emerging. In an interview with PYMNTS, Alex Ruhter, co-founder and CEO of curbside grocer JackBe, which recently announced that it has raised $11.5 million in capital, noted that the model’s strongest advantage is its...
Amazon is closing in on one of Walmart’s traditional areas of dominance — consumer spending on personal health items — as the two titans continue their contentious dance. As is seen in PYMNTS’ ongoing tracking of the battle for share in key categories between the two...
Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject to regulatory approvals and other closing conditions — the Careem super app will spinout from Uber Technologies subsidiary Careem, the companies said...
