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Nrbf Does Omnichannel Create Circular Commerce
There no single path to payments infrastructure innovation.This week examination of the latest initiatives to target B2B payments friction from the ground up finds a mix of strategies.For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. For others, including AeroPay and Oxbury Bank, the journey involves adding value onto existing rails. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. stanley cup Below, PYMNTS rounds up the to stanley italia p stories in payment rail innovation.InstaReM Expands BizPayWith its solution designed to address friction in supplier commercial card acceptance, Nium 8216 InstaReM brand announced the expansion of BizPay into a new market: Australia. The tool enables companies to make payments using their commercial card, while InstaReM receives funds from that card payment, then passes them through to the supplier via bank transfer. It a mixing of payment rails that aims to overcome one of the largest barriers to commercial card adopt stanley uk ion.In a statement, Nium Global Head of Commercial Payments Sanjiv Razdan said that it is particularly important today for companies to have this B2B payment flexibility and a solution to optimize working capital.COVID-19 is proving to be a litmus test of resilience for businesses worldwide, he said, adding, In such a situation, a means to generate funds using available credit resources emerges as Hxgr China s Alibaba Told To Sell Media Holdings
To look into smart retail solutions with the Internet of Things IoT , JD and Intel have teamed up to start the Digitized Retail Joint Lab. The effort is geared toward creat stanley shop ing next-genera stanley website tion vending machines, advertising as well as media solutions and technology for the stores of the future, JD said in an announcement.JD Big Data Platform Head and JD VP Zhi Weng said in the announcement that the lab will combine our collective strengths to develop cutting-edge solutions to bring the precision of online shopping to offline players. The eCommerce retailer noted that the effort indicates an extension of a partnership gourde stanley that already exists between the company and Intel. It said that Intels OpenVINO computer vision architecture and RRI edge computing has already been merged with the companys computer vision algorithms. That setup allows for the analysis of in-store purchasing habits and customer traffic.Intel IOTG China General Manager and Intel VP Wei Chen said of the tie-up, As Chinas most influential retailer and a leader in data-driven offline retail innovation, JD is an important partner for us to continue to develop a wide range of use cases for our latest technology developments. We are happy to take our partnership to the next level. The news comes a few months after JD聽Chief Executive Richard Liu remarked that he believes that robots will eventually take the place of human workers in the retail space. While Liu believes the change is inevitable, such a transition may |
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