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Amazon Disputes ShipMatrix Data Regarding On-Time Delivery

Consulting firm ShipMatrix has said Amazon‘s on-time delivery rates have been untimely, but the eCommerce giant disagrees, stating that its record is more timely than reported, Reuters said on Wednesday (Dec. 11). Amazon had record sales on Cyber Monday orders, but had to contend with regional winter storms. However, deliveries were still on time, with […]

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Robinhood Rolls Out Interest-Earning Bank Account

Online brokerage startup Robinhood has introduced a cash management service that will give customers 1.8 percent interest on any money they don’t have in stocks, Bloomberg reported on Wednesday (Dec. 11). This new service follows last year’s unsuccessful launch of a checking and savings account product, which was not well received. Silicon Valley’s Robinhood is […]

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JPMorgan Employs Machine Learning For Expense Reports

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Lori Beer, JPMorgan’s global chief information officer, said that the move has helped with efficiency. “We basically have eliminated manager approvals,” Beer said. “We’re doing 100 percent of audit[s] through a machine […]

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Visa: US Contactless Payments Primed For A Big 2020

When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station. A bit of caution was well […]

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RTP: Achieving Ubiquity Without A Mandate

Though the U.S. continues to take significant steps toward a faster payments ecosystem, the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. There are a variety of reasons why this is the case, which stem beyond one of the most common explanations — that the U.S., unlike markets […]

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Monetizing Payments Data In The Age Of IoT

It’s been said that the holy grail of commerce is data. Even that holy grail has a holy grail — where data is accessible and usable in real time. Payments are becoming increasingly invisible, embedded in the consumer experience offered by merchants. Consumers view payments as part of their experience, regardless of what setting they […]