The Business & Technology Network
Helping Business Interpret and Use Technology
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It’s getting harder and harder to spell innovation without AI (artificial intelligence). And with the news Wednesday (May 22) that Zilliant is integrating generative AI across its pricing lifecycle management solutions, leveraging AI across B2B operations to enhance efficiency, accuracy and strategic decision-making is at the top of the agenda for many businesses.  That’s because, from payment...
Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. By the Numbers “The Pessimism About Pay Rises Offsets the Effect of Falling Inflation” installment of the PYMNTS Intelligence “New Reality Check: The Paycheck-to-Paycheck Report” series drew from a survey of...
Latin American cryptocurrency exchange Ripio is reportedly making payment and tokenization products for businesses a bigger part of its offerings. The company is doing so even as its retail trading business is benefiting from the crypto rally, Bloomberg reported Friday (May 24). Already, Ripio is seeing crypto being used to help Brazilian importers pay Chinese suppliers, Argentine companies hedge...
The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. The FTC said Friday (May 24) that it received 52,000 consumer complaints in 2023 detailing scams where fraudsters claimed to represent Best Buy’s Geek Squad, which resulted in $15 million in consumer losses. Another 34,000...
Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday (May 21). “Very proud to be part of an amazing team,” Abett said in a LinkedIn post that linked to the...
Rho and Navan have launched a unified finance suite that customers can use to manage corporate travel and expenses, enforce expense policy compliance, send payments and close the books. This co-branded solution brings together the capabilities of Rho Corporate Cards and the Navan travel and expense super app, the companies said in a Thursday (May 23) press release. “With Rho, Navan customers now...
The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since, and now as we’re on the cusp of the middle of the 2020s, relying on the triple-digit number to crystallize creditworthiness has some competition. While credit reporting has traditionally been a backward-looking activity, the wealth of data, specifically, real-time and...
X CEO Linda Yaccarino said Friday (May 24) that the social media company could share its Community Notes feature with newspapers and other platforms. The crowd-sourced fact-checking feature can “force out bias,” Yaccarino said at the VivaTech conference in Paris, Bloomberg reported Friday. Yaccarino added that the feature now has more than 500,000 volunteers contributing to it on X, according to...
Life is a matter of choices, and so, too, is business. That’s why, when it comes to B2B payments, accepting (and offering) more options can potentially lead to more business. And with the recent news that American Express (Amex) has teamed with Emburse to embed the former’s virtual card solutions into the latter’s platform; while Dwolla and Visa have partnered to make it easier for mid- to...
Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the opening of its first large-format physical location in Wilmette, Illinois, occupying two stories and 150,000 square feet. “We are committed to providing our customers with unparalleled shopping experiences, tailored to their...