J.P. Morgan Payments expanded its partnership with consumer authentication firm PopID. The collaboration offers in-store biometric payments to merchants in pilot programs across the United States, allowing shoppers to use a “pay-by-face” system without relying on their phones or credit cards, according to a Tuesday...
When the operating landscape is uncertain and dynamic, businesses must prioritize controlling for what’s controllable. And with the news Thursday (June 20) that Amazon Business, Amazon’s online business-to-business procurement store, has announced a number of new technology features designed to help large business customers simplify...
In the new world of artificial intelligence (AI)-powered automation, businesses face a vexing problem: AI systems that confidently generate plausible but inaccurate information, a phenomenon known as “hallucinations.” As companies increasingly rely on AI to drive decision-making, the risks posed by these fabricated outputs are...
Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued. In the wake of that announcement, the company is charting its wider path, outlined just last week, toward offering a range of pay-over-time lending...
May 01, 2024
If there’s a theme for retailers this earnings season, and especially for dining, it might be crystallized in the comments this week from McDonald’s CEO Chris Kempczinski, who told analysts: “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending.” He was referring, […]
November 06, 2023
The digital shift is forging new battlegrounds for the grocery segment. For the platforms and the giants of retail — Amazon and Walmart among them, along with DoorDash — the...
October 27, 2023
In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however, as to what comes next....
October 12, 2023
Artificial intelligence (AI) has captured the imagination of some of the world’s largest companies. It has also captured a sizable portion of their spending — without giving much back. Big...
August 06, 2024
J.P. Morgan Payments expanded its partnership with consumer authentication firm PopID. The collaboration offers in-store biometric payments to merchants in pilot programs across the United States, allowing shoppers to use a “pay-by-face” system without relying on their phones or credit cards, according to a Tuesday (Aug. 6) press release. “Biometric loyalty program check-in and payment […]
May 10, 2024
The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10) decision, Judge Mark Pittman of...
December 07, 2023
Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. “Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said on its website Thursday (Dec....
August 03, 2023
With the expanded use of the new FedNow service, real-time payments software company ACI Worldwide expects to see instant payments use rapidly grow in the U.S. “We’re currently working with many domestic...
