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Boston Market On Tapping AI To Combat Fraud And Meet Mobile Customers’ Needs

PYMNTS

One restaurant that is working to incorporate AI into numerous parts of its operations is Boston Market , a Colorado-based fast-casual chain that has 330 locations in 37 states. I’m very excited about what AI can do for restaurants, and we are looking at how it fits with Boston Market right now,” he said. “I

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. He said that AI processes data faster, “allowing restaurants to better tailor their mobile and in-person marketing efforts toward individuals’ tastes.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Meanwhile, Mester said that a Fed survey of consumers taken in May found that Americans had increased their cash holdings during the pandemic.

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Data: Luxury Goods Sales May Drop 35 Pct This Year

PYMNTS

Amid lockdowns and a global economic collapse not seen since the Great Depression, the luxury industry faces a challenge like never before, according to a Bain & Company survey. While accessories have shown the most resilience, the survey found all luxury categories have seen declines. It will take time for the market to recover.

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Study: Virus Has Sent Most Adult Children To Live At Home

PYMNTS

A majority of 18- to 29-year-olds are living with their parents since the coronavirus began to spread earlier this year, the survey said. economy overall , reflecting the importance of the housing market to overall economic growth,” the survey said. An analysis of U.S The number of young adults living with parents swelled to 26.6

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

One recent survey found that roughly 50 percent of consumers abandoned onboarding attempts that they described as cumbersome or untrustworthy over the past 12 months, for example. More than two-thirds of marketers are still failing to capitalize on this outreach method, however, spotlighting a massive missed opportunity.

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Future Tech Comes To eCommerce

PYMNTS

Ninety-five percent of respondents to a recent survey preferred an interactive 3D representation to video playback. By blending the physical and digital worlds and enabling users to actively shape their experiences, AR offers unique ways for marketers to interact with consumers,” says a recent report from Boston Consulting Group.

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