Aiming to automate routine accounts payable (AP) procedures, two-thirds of firms are either currently innovating their systems or plan to do so within the next 12 months. In fact, 11% of firms say they are currently innovating their AP systems, 31% say they will start...
Commerce technology company Payoneer has hired Assaf Ronen, a veteran of SoFi, Amazon and Microsoft, to lead a newly established division that integrates Payoneer’s technology, product and high value service units. Ronen has become the company’s first chief platform officer and will head its new...
As eCommerce becomes the norm for food purchases, digital technologies are increasingly making their way into grocers’ and restaurants’ physical spaces, PYMNTS research and news coverage this week reveals. Instacart, for one, announced the launch of its Connected Stores tech suite on Monday (Sept. 19),...
Amsterdam-based global payments company Adyen has launched two point-of-sale (POS) terminals — the NYC1 and AMS1. The new devices are both mobile and lightweight and can accept in-person payments for enterprise and platform businesses, according to an announcement on the Adyen website. The NYC1 is...
Retailers in the U.K. can roll out the tax-free welcome mat to overseas visitors now that the region has re-instituted the tourist perk in hopes it will help lure people to the area to vacation and shop. Recently appointed Chancellor of the Exchequer Kwasi Kwarteng told Parliament...
On Capitol Hill, by now the cast of characters — and the flash points — are familiar. The CEOs of the nation’s largest banks have, in a continuing series of appearances before House and Senate Committees, discussed their business models and in some cases have...
In football circles it’s called a “Hail Mary” — a last-second pass heaved into the endzone in hopes of winning the game with no time left on the clock. While Amazon has sprinted onto the field, so to speak, with its newly launched Thursday Night...
France will impose a minimum 3-euro (about $3) delivery fee for online book sales of less than 35 euros (about $34) in a bid to give small bookstores competing against eCommerce goliaths a fighting chance. In a statement issued Friday (Sept. 23), French cultural and...
Retailers in the U.K. reported a drop in sales for September and expect that trend to continue next month as businesses prepare for the holiday shopping season. A report Friday (Sept. 23) by the Confederation of British Industry (CBI) showed a strong decline in retail...
