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CarMax’s digital capabilities now support over 80% of its used car sales, executives said Thursday (April 10) during a quarterly earnings call.
The user car retailer and auto finance company saw increases in both omnichannel and online retail sales during the fourth quarter, which ended Feb. 28, they said.
“We are proud to offer customers the ability to progress seamlessly through and across...
Small business-focused FinTech Payoneer bought China’s Easylink Payment Co.
The deal makes Payoneer the third foreign payment platform licensed to offer online payment services in China, according to a Thursday (April 10) press release. The acquisition cost was not provided.
“We serve a diverse range of companies in China, allowing them to grow their business globally,” Payoneer CEO John Caplan...
Apple has reportedly flown 600 tons of iPhones into the U.S. in an anti-tariff measure.
The effort, which brought up to 1.5 million of Apple’s flagship smartphones into the country, came after the company ceased productions in India to overcome President Donald Trump’s tariffs, Reuters reported Thursday (April 10), citing sources familiar with Apple’s plans.
According to the report, analysts warn...
Banks have always evolved to provide more effective systems to serve their customers. But while historically that evolution was relatively linear, as the financial world continues to digitize, banks are faced with a growing array of options to meet customer needs.
Stablecoins — cryptocurrencies pegged to fiat currencies such as the U.S. dollar — have moved from niche assets to instruments that...
Spend management solution provider Mynt launched a new partnership with Visa.
The collaboration will allow the Stockholm-based company to address the rising demand from small- to medium-sized businesses (SMBs) for efficient spend management tools, according to a Thursday (April 10) press release.
“The partnership will enable Visa to better meet its clients’ needs and the underserved SMB market,”...
Alphabet’s stock is reportedly considered to be undervalued as investors wonder if artificial intelligence will take away some of its market share in search.
The Google parent company’s stock is down 16% this year, is underperforming other AI stocks like Microsoft and Meta, and is the cheapest among the Magnificent Seven companies, Bloomberg reported Thursday (April 10).
Investors are concerned...
U.S. tariffs have reportedly left Chinese companies on Amazon with a tough choice: Hike their prices, or leave the platform altogether.
That’s according to a report late Wednesday (April 9) by Reuters, citing interviews with those merchants and the head of China’s largest eCommerce association.
The shift follows President Donald Trump’s announcement that he would increase tariffs on Chinese...
Amazon has reportedly experimented with using its delivery drivers as emergency responders.
The tech giant outfitted delivery vans in Europe with defibrillators to see whether those drivers could provide faster aid to heart attack victims, Bloomberg News reported Thursday (April 10), citing company documents.
According to the report, Amazon piloted the program, known as Project Pulse, in...
The business landscape hasn’t gotten the memo about moving entirely to digital payments.
Despite technological advancements and increasing calls for modernization, progress in the migration from paper-based payment systems to digital alternatives remains slow. There are still a lot of memos being passed around.
“It’s now an age-old question that we’ve been talking about for so long,” WEX...
Company finances are the hidden, beating heart of a business. Suppliers and workers don’t see the behind-the-scenes details of how they get paid, just that the money flows into their bank accounts (or, increasingly, digital wallets).
But as enterprises increasingly adopt artificial intelligence (AI) to help them manage their financial operations, it’s turning the rapidly evolving technology into...