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The National Retail Federation is projecting a summertime surge in U.S. import cargo.
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The uptick, the federation (NRF) said in a news release Monday (June 9), will happen as retailers take advantage of a 90-day reduction in tariffs imposed on China.
“This is the busiest time of the year for retailers as they enter the back-to-school season and prepare for the fall-...
RSM US LLP, a provider of assurance, tax and consulting services for middle-market companies, will invest $1 billion over the next three years to integrate agentic artificial intelligence (AI).
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The company will integrate agentic AI platforms across its operations and services, aiming to accelerate and enhance the solutions it provides to clients, according to a Monday (...
Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure.
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The new investment, announced Monday (June 9), is aimed at bolstering the tech giant’s artificial intelligence (AI) and cloud computing technologies.
The so-called “innovation campuses” are slated for Salem Township, just west of Pittsburgh, and Falls Township, a...
A so-called megabill grabbing headlines and making its way through Congress is on track to further alter the Consumer Financial Protection Bureau, an agency already in flux during the first few months of the President Donald Trump administration.
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To that end, the Senate Banking Committee offered its provisions to be included in the “One Big Beautiful Bill” that was...
The latest large reasoning models (LRMs) experience “complete accuracy collapse” when faced with highly complex tasks, according to a new paper co-authored by researchers from Apple.
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These artificial intelligent (AI) models outperform standard models on some problems but do no better when problems get too complicated.
LRMs are trained to solve complex problems by...
Since the inception of the paper check, B2B payments have traditionally gotten the short end of the stick when it came to subsequent innovations in payments.
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In the consumer world, advances like embedded payments are now part of the fabric of everyday life. Users tap their phone, settle bills on platforms like Uber automatically, and subscription services like Spotify...
Walmart is expanding its artificial intelligence (AI) offerings by introducing a new shopping assistant.
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Customers can now access the generative AI-powered “Sparky” on the Walmart app, the retail giant said in an Friday (June 6) announcement.
“Sparky helps customers search to find items, synthesize reviews, and offers insights to prepare for any occasion — from looking...
Plaid now enables instant pay-ins as well as instant payouts via its flexible multi-rail payment platform, Plaid Transfer.
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The financial data network has added support for real-time pay-ins via Request for Payment (RfP) on the RTP® Network to Instant Payments on Plaid Transfer, it said in a Monday (June 9) press release emailed to PYMNTS.
RfP enables businesses to...
Sam Altman’s digital ID firm, World, is reportedly bringing its eye-scanning tech to the U.K.
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As the Financial Times (FT) reported Sunday (June 8), the goal is to let people in Great Britain access verification services the company argues are critical for distinguishing between human and artificial intelligence (AI).
World’s central product is an “orb” that scans a...
Mobile wallets now power more than one-third of online payments and 21% of in-store transactions across 11 countries, accounting for half of the global gross domestic product (GDP).
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What’s striking is that they are not changing the underlying funding sources — credit and debit cards and bank accounts — that consumers use to make payments. While mobile wallets are...