May, 2018

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Retailers and the move toward a mobile, cashierless checkout experience

Payments Dive

Tom Chittenden, vice president and general manager of retail solutions, NCR Corp., writes about how the reinvention happening in retail is pushing more merchants towards the cashierless model.

Retail 230
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Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn’t Fit All

CB Insights

Retailers are testing artificial intelligence-based solutions to address bottlenecks in supply chain management. For example, computer vision-based cameras and robots are being used more frequently to track and manage store inventory.

Retail 31
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Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

Metro 199
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Synchrony To Acquire Loop Commerce

PYMNTS

Synchrony Financial announced today (May 10) that it will acquire Loop Commerce , the digital gifting platform used by retailers to make every product giftable. Synchrony is the issuer for 98 retailers’ store cards, including some of its heaviest hitters like Gap, Amazon, Walmart and TJX. Or buying the default gift: the gift card.

Retail 164
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Ackman Buy Boosts Lowe’s Shares Despite Q1 Earnings Miss

PYMNTS

To take the helm, the retailer has named JCPenney CEO Marvin R. The move was praised by Niblock, who said Ellison was a good fit for Lowe’s in a post-earnings conference call on Wednesday (May 23): “Marvin is an experienced retail CEO and a 30-year industry veteran with expertise in complex omnichannel environments.”. on the news.

Retail 100
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Walmart Pays $16B For A 77 Percent Stake In Flipkart

PYMNTS

Walmart announced earlier on Wednesday (May 9) that it inked a deal to invest in Flipkart for $16 billion, giving the retailer a 77 percent stake in the India-based eCommerce company. Walmart noted that even with other investors, the retailer will still hold a majority stake in Flipkart. to $0.30.

Retail 122
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Synchrony Amazon.com Store Card Holders Can Now Check Balances Via Voice

PYMNTS

Synchrony , the financial services company, announced news on Wednesday (May 2) that customers can now use voice commands to manage their Amazon.com Store Card. We’re harnessing voice technology to let consumers manage their Amazon Store Card in a way that’s most convenient to them.”.

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