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Worldpay has found that agentic commerce is likely to gain its foothold in smaller, everyday purchases.
In a survey of American consumers, the payments technology and solutions company found that they are most comfortable using artificial intelligence (AI) for everyday purchases under $50, including cinema tickets, meal delivery or pickup, health and beauty products, meal vouchers and...
In the Q3 earnings call Tuesday (Nov. 4), Pinterest execs told investors the company has transformed from a digital mood board into what CEO Bill Ready called an “AI-powered visual-first shopping assistant.” The company said artificial intelligence (AI) now underpins nearly every part of its platform, from search and discovery to shopping recommendations and the new conversational Pinterest...
Artificial intelligence (AI) lending marketplace Upstart saw growing consumer demand and steady consumer credit strength in the third quarter, executives said Tuesday (Nov. 4) during an earnings call.
The company’s originations rose 80% year over year in the third quarter to reach $2.9 billion, according to a presentation released in conjunction with the call.
By category, compared to...
Shopify put agentic artificial intelligence (AI) and the Prompt Economy at the center of its strategy on its Nov. 4 earnings call, arguing that it will reshape how consumers shop, and is already having an impact.
“AI is not just a feature at Shopify. It is central to our engine that powers everything we build,” President Harley Finkelstein told analysts.
Finkelstein said the shift is...
Users of Walmart de México’s digital payments app, Cashi, can now purchase products online and pay in installments without a credit card.
This capability was enabled by a strategic partnership of Walmart de México and buy now, pay later (BNPL) company Aplazo, which includes the integration of Aplazo as a payment method within Cashi, the companies said in a Tuesday (Nov. 4) press...
The Tripadvisor Group reportedly plans to merge two of its three businesses, Tripadvisor and Viator, amid activist investors’ pressure to consider selling either the entire company or its other division, TheFork.
The business combination will lead to “substantial” layoffs among its engineering staff, Seeking Alpha reported Tuesday (Nov. 4), citing a paywalled article by travel news...
Amazon and artificial intelligence (AI) startup Perplexity are in a dispute over the deployment of third-party AI agents for shopping.
Perplexity said in a Tuesday (Nov. 4) blog post that it received an “aggressive legal threat” from Amazon demanding that it prohibit the users of its Comet browser from using their AI assistants to shop on Amazon’s platform.
The AI startup said in its...
Global Payments’ new point-of-sale software, Genius, has been resonating with merchants since the launch of its configurations for restaurants and retail in the second quarter, executives said Tuesday (Nov. 4) during the company’s third quarter earnings call.
The company also sees opportunities in its plans to become a pure-play merchant solutions provider and to enable agentic...
In September, the Treasury Department extended the public comment period on the implementation of the GENIUS Act, signaling both the complexity and sensitivity of shaping anti-money laundering (AML) and compliance standards for digital assets.
As of this week, 333 comments have been posted, ranging from anonymous individual submissions to detailed responses by state regulators,...
IBM reportedly plans to cut “thousands” of jobs during the current quarter.
The company is doing so as it shifts its focus to higher-growth software and services, Bloomberg reported Tuesday (Nov. 4).
“We routinely review our workforce through this lens and at times rebalance accordingly,” an IBM spokesperson said in the report. “In the fourth quarter, we are executing an action that...