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Will Supreme Court Rulings Keep Federal Regulators in Court?
When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS v. Chevron — the reaction was split. On one hand, some politicians and legal experts were outraged that...
Amex Urges Merchants to Embrace Digital Loyalty’s Hyper-Personalization Mandate
If a business doesn’t meet its customers’ needs, its competitors will be happy to. That’s increasingly the reality for businesses today. In an era where consumer expectations around convenience and personalization are at an all-time high, digital loyalty programs have emerged as a component for businesses looking to stay competitive while capturing greater customer lifetime value.
How the World Does Digital: Government-Led Program Gives Netherlands a Digital Boost
Famed for its vibrant tulips and ubiquitous bicycles, the Netherlands is proving innovation isn’t limited to pedal power. This nation, boasting the world’s largest flower export industry and more bicycles than people, is now pedaling toward digital transformation. As the fifth-largest EU economy by GDP, with a population...
Study: Digital Wallets to Overtake Debit Cards for In-Store Payments by 2027
Download the Money Mobility Tracker® Top of Wallet: Digital Wallets’ Ascent for Payments — and More. By completing this form, I have read and acknowledged the Terms and Conditions and agree that PYMNTS.com may contact me at the email address above. Digital wallets have revolutionized the payment...
OpenAI’s Push for Human-Level AI Is Underway
Reports of OpenAI’s leap toward human-level artificial intelligence (AI) have set the business world abuzz with visions of AI-powered commerce that could rewrite global trade rules — if the tech lives up to the hype. Artificial general intelligence (AGI) represents a hypothetical leap beyond current AI, aiming to...
Eventbrite Enables In-App Ticket Purchases on TikTok
Global events marketplace Eventbrite has partnered with TikTok to help event creators promote their events and sell tickets. This collaboration includes an integration in which Eventbrite creators and TikTok users can add Eventbrite links directly to their TikTok videos, the companies said in a Tuesday (July 16) press release. These...
Five Below CEO Steps Down as Comparable Sales Slip
Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors, to pursue other interests. The retailer has appointed its chief operating officer, Kenneth Bull, as interim president and CEO, and Tom Vellios, co-founder and chairman,...
San Francisco Compute Co. to Build Computing Power Trading Platform
San Francisco Compute Co. has reportedly raised $12 million in an early funding round to launch a trading platform for computing power. With the platform, the company aims to help companies working with artificial intelligence (AI) meet the challenge of getting access to the semiconductors they need, Bloomberg reported Tuesday (July 16).
Fleetio Adds On-Site Fuel Management to Fleet Maintenance Software
Fleetio has added two new integrations to its fleet maintenance management software. These integrations with FuelCloud and Fill-Rite will help businesses with on-site bulk tank fueling streamline fuel management, gain insights and optimize fleet fueling operations, the company said in a Tuesday (July 16) press release. “Adding these capabilities to...
Verizon Launches Customer-Centric Initiatives, Redefines Brand Identity
Verizon has unveiled a suite of initiatives designed to enhance customer choice and flexibility, marking an evolution in its brand strategy. The telecommunications giant has introduced programs aimed at enriching customer experiences across its portfolio. Central to Verizon’s strategy is the introduction of subscription-based and non-subscription programs tailored to consumer...
Recent High-Profile Cyber Breaches Highlight Need for Fault-Tolerant Security
What do Rite Aid, Disney, and Squarespace all have in common?. The fact that, in just the past few days, they each reported cyber breaches resulting in the theft of sensitive information. Rite Aid announced Monday (July 15) that in June, an unknown third party “impersonated a company employee to...
JTL’s eCommerce Solutions to Integrate With Mollie’s Payment Services
JTL-Software and Mollie have partnered to provide enhanced payment options to the merchants using JTL’s eCommerce solutions. Mollie’s payment services will be integrated into JTL’s eCommerce solutions to provide both online and offline payment solutions, including the ability to processes transactions directly in the JTL enterprise resource planning (ERP) system, the companies said in a Monday (July 15) press release.
Amazon Prime Day Sales Outpace 2023 Event in First Hours
The first hours of Amazon’s Prime Day reportedly saw sales outpacing those of last year’s event. During the first seven hours of the event on Tuesday (July 16), sales were up almost 12%, Bloomberg reported Tuesday, citing data from Momentum Commerce, which manages Amazon sales on behalf of brands and generates about $7 billion in annual sales on the platform.
AI Lays Foundation for Construction’s Financial Transformation
In the world of construction, where hammers meet spreadsheets, a new tool is emerging from the digital realm: artificial intelligence (AI). As builders grapple with razor-thin margins and complex cash flows, AI offers to reshape the industry’s financial landscape, one algorithm at a time. This week, Adaptive, a FinTech...
Credit Card Retail Payments Fall by 18% Amid Budget Pressures
As consumers continue to face financial pressures, many are shifting away from credit payments for retail purchases, instead playing it safe with debit. A PYMNTS Intelligence study in April for the Last Transaction Report series surveyed 1,730 United States consumers who bought non-grocery retail items in 30 days before being surveyed. The findings examined how shoppers paid for these items and compared the trends with consumers’ past preferences.
Temenos and Visa Partner to Provide Money Movement Solution to Banks
Banking software company Temenos has teamed up with Visa to provide the money movement solution Visa Direct to banks. Visa Direct will be integrated with Temenos Payments Hub and made available to banks via Temenos Exchange, the company’s ecosystem of partner solutions, the companies said in a Tuesday (July 16) press release.
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