article thumbnail

Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

PYMNTS

Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. The news comes as virtual reality (VR) and AR are beginning to make larger gains in the retail world. Artificial intelligence (AI) technology company Ariel AI has been acquired by Snap.

article thumbnail

Herman Miller On Tapping Automation To Thwart Fraud Threats

PYMNTS

Merchants thus need to move quickly to keep payment details protected as consumers shift their business online, explained Ben Groom , chief digital officer for furniture and home goods retailer Herman Miller. Shifting Payment Behaviors And Fraud .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Data Enabler VoltDB Takes Stock Of Retailers’ Evolving Inventory Needs

PYMNTS

It has advantages for retailers, too. Data Enabler VoltDB helps retailers carry that load, with broad, deep, and most importantly, fast data reporting that enables them to adapt to fluctuating inventory needs on the fly. A recent trend in retail is the increased use of buy online and pickup in store (BOPIS).

Retail 44
article thumbnail

Crate And Barrel On Weathering The Pandemic-Driven Push To Omnichannel

PYMNTS

Shoppers are settling into a new retail normal — one that features seamless service — during the ongoing pandemic. They have boosted their use of mobile and online tools to make purchases of all sizes, leaving retailers racing to promote their products across digital channels as well as in their brick-and-mortar storefronts.

article thumbnail

Morgan Stanley Sees Potential In Instagram eCommerce Future, Raises Facebook Target

PYMNTS

We see large and small brands/retailers leveraging Instagram’s leading reach, data, and ‘browsing/aspirational’ behavior to grow their online businesses.”. This same type of collection, in similarly concentrated form, has been cause for concern in the recent past , given the potential uses of such data.”.

article thumbnail

Using Credit To Close The SMB ‘Funding Gap’

PYMNTS

Synchrony already offers consumer financing to those merchants across verticals such as retail, auto and health. Consider the funding gap that exists when a retailer needs to both procure and make payments on inventory — before the goods ever hit the market and are sold. Hiccups — And The SMB Financing Need.

B2B 52
article thumbnail

OrderGroove Funds Frictionless Commerce With $20M Series C

PYMNTS

Looking at the geographic concentration of activity, the US was the most active region, with 47 percent of activity, followed by China at 41 percent. The retail landscape is changing fast in the face of new technologies and shifts in buyer behavior and consumer demand. OrderGroove Funds Frictionless Commerce With $20M Series C.

B2C 49