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Employees who have learned how to use artificial intelligence (AI) will be better positioned to be a part of Amazon in the future, Amazon CEO Andy Jassy said in a message shared with employees Tuesday (June 17).
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Jassy added that Amazon’s total corporate workforce is likely to shrink over the next few years as the company adopts AI, which he said is the most...
U.S. Bank says it has expanded its suite of embedded payment solutions.
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The expansion, announced Tuesday (June 17), lets businesses integrate payments into their existing systems, and includes a for-benefit-of (FBO) solution for companies to move money on behalf of their customers.
“Today’s finance leaders are under increasing pressure to optimize liquidity, reduce...
Walmart reportedly aims to enable consumers to make purchases through TV remotes and interfaces while they are watching TV shows.
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This plan is one of several that the retailer is working on after its $2.3 billion purchase of smart TV maker Vizio last year, Bloomberg reported Tuesday (June 17), citing its interview with Seth Dallaire, chief growth officer of Walmart US,...
Rent the Runway reportedly expects greater selection and cost-effectiveness to help it keep the recent momentum it has gained in growing its base of active subscribers.
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The apparel-rental company saw its number of active subscribers grow 23% to reach over 147,000 during the quarter ended April 30, the Wall Street Journal (WSJ) reported Tuesday (June 17).
Rent the Runway...
Home décor chain At Home is shuttering dozens of stores as it seeks bankruptcy protection.
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The retailer, which has more than 200 locations throughout the U.S., announced its Chapter 11 filing in a Monday (June 16) news release, citing trade-related pressures.
At Home CEO Brad Weston said in a news release that the company had over the last several months taken measures...
Mastercard says it is expanding its relationship with National ITMX (NITMX), the Thailand-based developer and service provider of electronic payments.
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This effort, the company announced Tuesday (June 17), will power PromptPay, the most widely used real-time payments (RTP) platform in Southeast Asia, to fuel the Thai digital economy.
“The Thai digital payments ecosystem...
Persona and Yardstik have partnered to deliver a jointly integrated identity verification and background screening solution that enables organizations to verify workers’ identities.
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This solution brings together Persona’s verified identity platform and Yardstik’s full suite of background screening products, the companies said in a Tuesday (June 17) press release.
Their...
The tariff-induced spending splurge may have come to an end.
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In May, retail sales slipped 0.9%, adding to a revised 0.1% decline in April, according to the Census Bureau.
And though the big-ticket items saw a retreat, key categories of discretionary spending declined as well, though others showed gains — painting at best a mixed portrait of a consumer pressured by the “...
B2B payments are made up of workflows and data; and lots of it.
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And in a landscape increasingly shaped by automation and data, few back-office functions are experiencing as radical a transformation as accounts receivable (AR).
In most organizations, AR reporting is often a lagging indicator. Teams compile aging reports at the end of the month, categorize overdue...
TikTok owner ByteDance has less than two days to find a U.S. buyer for the platform.
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However, President Donald Trump says he is likely to give the Chinese tech conglomerate more time to forge a deal, Reuters reported Tuesday (June 17).
Trump had said last month that he would extend the June 19 deadline, as TikTok had helped him connect with younger voters in the last...