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Even as the hospitality industry innovates to enhance guest experiences, a quiet revolution is underway in its back offices, fundamentally reshaping how hotels manage their finances and interact with their suppliers.
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The Invoice-to-Pay Automation Tracker Series, produced by PYMNTS Intelligence and sponsored by Edenred Pay, delves into the significant challenges posed by...
Have you ever gotten a text about an unpaid toll?
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Or one purporting to be from the U.S. Postal Service about an undelivered parcel?
If you looked at these messages and thought “Scam,” you were on the right track. And as TechCrunch reported Sunday (Aug. 10), such messages are from a prolific, highly-effective scam operation that netted at least 884,000 stolen credit...
After a summer in “wait-and-see” mode, American businesses have begun making difficult, tariff-related decisions.
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That’s according to a report Saturday (Aug. 9) by the New York Times (NYT), which illustrates the situation with the example of Barry Barr, owner of outdoor apparel company KAVU True Outdoor Wear. Following months of spending cuts, the latest round of...
Inflation is creeping up as retailers hike prices in response to ongoing U.S tariffs.
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That’s according to a report from Bloomberg News Friday (Aug. 8), citing the median projection in its survey of economists.
That survey showed the core consumer price index climbing 0.3% in July, after creeping up 0.2% the prior month. This would mark the largest gain since the...
Trump family-backed World Liberty Financial is reportedly pitching investors on a new project.
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The firm aims to create a public company that would hold its WLFI tokens and hopes to raise around $1.5 billion for the venture, Bloomberg News reported Saturday (Aug. 9), citing sources familiar with the matter.
Those sources say major investors in the technology and...
American restaurant chains are seeing declining sales as consumers stay at home.
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As the Financial Times (FT) reported Saturday (Aug. 9) IHOP and Applebee’s parent Dine Brands, Sweetgreen, Wendy’s and Denny’s all cautioned during earnings calls last week that consumers’ reluctance to spend is hindering sales.
U.S. diners ate 1 billion fewer restaurant meals between...
Saks Global’s overdue payments problem reportedly continues to plague the department store.
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As Retail Dive reported Friday (Aug. 8), the company told analysts in June it had mostly settled things with vendors who were angry about overdue invoices.
However, vendors in communication with the news outlet said the company has yet to follow through on payments that had been...
Software firm Strategy has spent the last few years buying billions of dollars worth of bitcoin.
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Now, a host of other companies — ranging from hoteliers to electric vehicle makers — are following suit, the Financial Times (FT) reported Friday (Aug. 8).
These businesses, the report added, are backed by investors who see a chance to tap into the crypto market without...
A new kind of filmmaker is set to walk the red carpet at this year’s Venice film festival: human creators who embrace artificial intelligence in their work.
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The Reply AI Film Festival is an international short-film competition that seeks to “explore new frontiers in storytelling and creative production,” according to a July 28 press release.
This year’s theme, “...
Pinterest CEO Bill Ready said Friday (Aug. 8) that it will be some time before consumers are ready to let artificial intelligence (AI) agents do their shopping for them, but that Pinterest is providing AI-powered tools that will “meet the user where they are” in the meantime.
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Speaking during the company’s quarterly earnings call, and responding to an analyst’s question...