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The promise of frictionless retail through self-checkout once faltered, but a new wave of smart, unattended solutions is now poised to redefine consumer commerce and address long-standing industry challenges, according to a recent PYMNTS report.
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Initial self-checkout systems, envisioned as a seamless alternative, became a “cautionary tale,” creating a “widening rift...
The Federal Reserve is not only studying how artificial intelligence (AI) is affecting the economy but also deploying the technology to help with its own work, Fed Governor Lisa D. Cook said Thursday (July 17).
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In a speech delivered at a National Bureau of Economic Research (NBER) event in Cambridge, Massachusetts, Cook said the Federal Open Market Committee (FOMC) is...
Netflix said Thursday (July 17) that it expects advertising revenue to roughly double in 2025, as the company introduces interactive ads in the second half of the year.
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“We’ve closed the large majority of deals with the major agencies, those results have generally been in line or slightly better than our targets, and consistent with our goal to roughly double the ads...
Wyoming reportedly tested its planned state-issued stablecoin, the Wyoming Stable Token (WYST), Thursday (July 17), seeing how it could be used for real-time payments to government contractors.
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The state teamed up with blockchain startup Hashfire to use the stablecoin through the company’s Document Authentication Protocol, which is built on a custom Avalanche blockchain...
The U.S. House voted Thursday (July 17) to approve the three bills that are part of Crypto Week.
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In separate votes, representatives passed the CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act, according to the roll call votes portion of the website of the Office of the Clerk of the House of Representatives.
The CLARITY Act passed on a 294-134 vote...
The Bank of England reportedly asked some banks to assess their dependence on U.S. dollars and test whether they could handle a U.S. dollar shock.
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This move came after European Central Bank supervisors made a similar request of lenders in that central bank’s region, Reuters reported Thursday (July 17).
The requests were touched off by concerns that President Donald...
Retail spending in the United States showed signs of resilience in June, with sales rising 0.6% from May and climbing 3.9% versus the same month a year ago, according to data released Thursday (July 17) by the U.S. Census Bureau. The report, based on a survey of roughly 4,800 firms, marks a partial recovery from two months of declines, but hints at changing consumer priorities as Americans...
The summer of 2025 is emerging as a crucible for global retailers.
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Sitting at the intersection of geopolitical headwinds, U.S. tariffs, AI disruption and an increasingly cost-conscious consumer, the question hanging over the retail industry is this: Can anyone thrive when the shopper won’t save them?
While extended sales events like Amazon’s Prime Day and Walmart+ Week...
Blue Remit and TerraPay have partnered to create a remittance experience that they said is faster, more transparent and compliant.
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This collaboration enables real-time payouts to bank accounts, mobile wallets and cards globally, they said in a Monday (July 14) press release.
The solution is enabled by the integration of the digital-first platform of Blue Remit, which is...
PairSoft and Finexio have renewed their partnership allowing users of PairSoft’s procure-to-pay automation and AI solutions to use Finexio’s embedded payments solution for accounts payable (AP).
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The combination enabled by this partnership, which has been in place since 2022, provides AP payments solutions designed for greater operational efficiency, increased digital...