The Business & Technology Network
Helping Business Interpret and Use Technology
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Navan announced Tuesday (July 29) that it has partnered with American Express to offer unique virtual card numbers with embedded expense controls for U.S. business and corporate cards. [contact-form-7] When travelers make bookings with their American Express card on Navan, a travel booking and business expense platform, their real card numbers won’t be used. Instead, new numbers linked...
With sales falling, Apple is reportedly closing a store in China for the first time. [contact-form-7] Apple’s store at the Parkland Mall in Dalian City will close Aug. 9, Bloomberg News reported Tuesday (July 29), citing a statement from the company which said a changing landscape at the shopping complex was behind the decision. According to Bloomberg, Apple has around 56 stores in the...
Watch more: Need to Know: Trulioo [contact-form-7] A shopping journey that begins when a consumer hears about a product on a livestream and ends in a completed purchase without ever opening a browser is no longer a futuristic scenario. Agentic artificial intelligence (AI) makes it possible for software agents to fill a shopping cart, transfer funds, approve invoices and complete...
It’s easy to romanticize modern commerce: Tap a screen, and in hours or even minutes, groceries, gadgets and garments appear at your door. But behind that magical moment is a brutal, complex dance of logistics that most retailers are still fumbling to master.  [contact-form-7] Retailers love to admire Amazon, but few have internalized the lessons behind its logistics success, leaving...
Watch more: FIS: Customer Retention Emerges as Key Growth Strategy Amid Uncertainty [contact-form-7] Rising capital costs, tighter regulatory scrutiny and fragmented global trade are battering the business environment. It’s against this backdrop that financial technology companies are under pressure to do something counterintuitive: grow without spending. “Customers want innovation, but...
Watch more: i2c: Client Engagement and ‘Thoughtful Acceleration’ Key to Navigating Uncertainty [contact-form-7] In times of uncertainty, there’s often only one acceptable direction for businesses: forward. “Money must keep flowing,” David Durovy, senior vice president transformation at i2c, told PYMNTS during a discussion for the “What’s Next in Payments: Trade Offs” series. The broader...
Nearly half of U.S. consumers report being unable to purchase essential goods such as food, household supplies, and apparel due to stockouts, according to a new report by PYMNTS Intelligence. [contact-form-7] The research in the June 2025 Consumer Tariff Sentiment report, “Stock Out. The Impact of Tariffs on Consumer Product Prices and Availability,” found that 47% of shoppers were...
The escalating sophistication of financial scams is forcing financial institutions to re-evaluate their defense strategies, as new research reveals that criminals are now mimicking legitimate business tactics to defraud consumers. [contact-form-7] A recent report, “How Scammers Tailor Financial Scams to Individual Consumer Vulnerabilities,” produced by PYMNTS Intelligence in...
Instant disbursements have quietly become a cornerstone of how consumers manage their money. What began as a convenient perk for occasional refunds or rewards has evolved into a vital income stream for millions. For younger generations and gig workers, instant payouts are no longer optional. They are essential for financial stability. [contact-form-7] The data shows just how quickly...
Western Union is looking to stablecoins and artificial intelligence (AI) to deliver efficiencies at a time when it is dealing with the effects of macroeconomic and political uncertainty. [contact-form-7] A slowdown in its North America retail business and lower revenue in Iraq drove a 4% decrease in revenue in the second quarter, the provider of cross-border, cross-currency money...