 WEEKEND ROUNDUP | |
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Kroger's battle with Visa is escalating Kroger, the largest supermarket chain in the US, is ending Visa credit card acceptance at 21 of its Foods Co supermarket subsidiaries and five gas stations in California, effective August 14.
The stores will still accept Visa debit cards.
The companies have been engaged in an ongoing battle over interchange fees, which are charged to merchants each time a customer makes transactions using a credit card.
Kroger sued Visa in 2016 over debit card transactions, after Visa said that the retailer's EMV-enabled terminals didn't comply with Visa regulations.
Business Insider Intelligence's Rachel Green has the full story. | |
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| | | Though it's unclear exactly what assets the company wants to divest, it has hired an investment bank to conduct an auction to unload the unwanted portions of the digital unit. Read More → | | | | |
| | | Apple on Tuesday reported solid results in its fiscal Q3 earnings, reaching $53.3 billion in revenue, a 17% growth year-over-year (YoY) from $45.4 billion in Q3 2017. Read More → | | | | |
| | | Walmart recently began an initiative that sees store employees delivering packages to consumers on their way home from work after they're done a shift. Read More → | | | | |
| | | Google will reportedly release a new device, called the Pixel Stand, alongside its third generation of Pixel smartphones that will let users turn their phones into makeshift smart speakers. Read More → | | | | |
| | | CLS, a market infrastructure group delivering settlement, processing, and data solutions, is conducting a proof of concept (PoC) for a distributed ledger technology (DLT) platform. Read More → | | | | |
| | | Amazon has reported earnings for Q2 2018, revealing that it enjoyed its largest quarterly total profit in its history. Read More → | | | | |
| | | German auto giant Daimler reported its Q2 2018 earnings late last week, showing it earned $2.1 billion in net income on revenue of $48 billion. Read More → | | | | |
| | | Kroger has announced the pilot of a direct-to-consumer grocery e-commerce platform, dubbed "Kroger Ship," which debuted Wednesday. Read More → | | | | |
| | | Amazon Channels, the firm's a la carte subscription video on demand (SVOD) partner program, is continuing to expand, according to Amazon's Q2 2018 earnings reported last week. Read More → | | | | |
| | | Global logistics firm XPO turned in an impressive Q2 2018, with record-setting revenue and net income, according to the company's earnings release. Read More → | | | | |
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| | | Of the many technologies reshaping the world economy, distributed ledger technologies (DLTs) are among the most hyped. In a new report, Business Insider Intelligence takes a look at what DLTs are and why they hold so much promise for FS, the sectors in which DLTs are gaining the most traction and why, and the efforts underway to remove the obstacles preventing wider DLT adoption in finance. It also examines the few FIs close to unleashing their DLT projects, and how DLTs might transform the nature of FS if adoption truly takes off. Learn More → | | | | |
| | | The healthcare industry is undergoing a profound transformation. In this report, Business Insider Intelligence explores the key strengths and offerings the Big Four will bring to the healthcare industry, as well as their approaches into the market. We'll then explore how these services and solutions are creating opportunities for health systems and insurers. Finally, the report will outline the barriers that are inhibiting the adoption and usage of the Big Four tech companies' offerings and how these barriers can be circumvented. Learn More → | | | | |
| | | This report cuts through the hype to offer an overview of different types of AI, and where they have potential applications within banking and payments. It also emphasizes which applications are most mature, provides recommendations of how FIs should approach using the technology, and offers examples of where FIs and payments firms are already leveraging AI. The report draws on executive interviews Business Insider Intelligence conducted with leading financial services providers, such as Bank of America, Capital One, and Mastercard, as well as top AI vendors like Feedzai, Expert System, and Kasisto. Learn More → | | | | |
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