Kasheesh has launched a feature that lets consumers use its payment-splitting platform in physical stores. The new Mobile Wallet Dashboard allows users to generate a one-time-use Visa card at retailers that accept mobile payments, and to split purchases between debit, credit and prepaid cards, Kasheesh...
Former Google head Eric Schmidt opposes a six-month pause of artificial intelligence (AI) experiments. While the concerns about AI are legitimate — and may even be understated — a pause would only benefit China, Schmidt told The Australian Financial Review in an interview posted Thursday...
As robotics and drones get added to the tech roadmaps of retailers of every stripe, the fact remains: it’s hard creating commercial robots and autonomous vehicles, as several programs fall behind their hype, still with limited operations in rural test areas. To operationalize at scale,...
The recent banking crisis has increased the chances of a recession, JPMorgan Chase CEO Jamie Dimon told CNN. The crisis is “just like another weight on the scale” adding to the pressures presented by quantitative tightening (QT), higher inflation and the war in Ukraine, Dimon...
The Public Company Accounting Oversight Board (PCAOB) is getting serious about its core principles. “During times of economic uncertainty, the risk of fraud is heightened, and auditors have to be more vigilant than ever,” PCAOB Chair Erica Williams said in a statement. The regulator, which...
Small and regional banks are experiencing major fallout from the SVB meltdown as well as chasing higher rates on savings, as detailed last month by The Wall Street Journal. While the 25 largest U.S. banks captured $120 billion in deposits in the days following the...
It is an understatement to say that Amazon and Walmart have a strong presence in the U.S. retail shopping space; the two giants dominate the industry and define the market, albeit in distinct spheres. Amazon remains the undisputable king of eCommerce, capturing 53% of retail...
Why are Crocs cool? That’s an article The Harvard Crimson wrote just over a year ago, discussing the ugly but loved shoe that sits alongside its cousin, the Birkenstock. Despite its unattractive aesthetic, it’s a shoe that has been dubbed as one of the fastest-growing...
Merchants have gradually transitioned toward payment digitization for several decades, but these efforts have gained momentum in recent years. Companies are rapidly replacing legacy payment systems with more modern alternatives, which has impacted virtually every aspect of the business. For example, businesses are now making...
