News

Retail
How Brands Are Collaborating With Experts, Influencers and Nonprofits to Connect With Consumers 
April 25, 2023

To achieve relevancy with consumers, brands must exhibit authenticity and a clear mission, although what this looks like can vary from brand to brand. For example, Elie Seidman, former CEO of Tinder and current interim CEO of Fast Growing Trees, explained in a recent interview...

Retail
Authentic Brands Group Strengthens Luxury Position With Acquisition of Vince 
April 25, 2023

Authentic Brands Group (ABG) is looking to strengthen its position in the luxury market with another acquisition. The group has entered into a deal with the understated luxury brand from California, Vince Holding Corp., to acquire the intellectual property of the Vince brand.  Per the...

Retail
Party City Shutters Stores and Plans to Go Private
April 25, 2023

Bankrupt party supply retailer Party City is closing more stores as it prepares to go private. The company last week shuttered nine stores in five different states and will auction the locations off later this week, according to A&G Real Estate Partners, its real estate...

Retail
Klarna Unveils AI-Powered Shopping Feed
April 25, 2023

Klarna has debuted a personalized shopping feed powered by artificial intelligence (AI). The new tool, announced Tuesday (April 25), is part of a suite of new products for shoppers, creators and retailers from the Swedish payments company, and the latest example of AI’s prevalence in...

eCommerce
Why Türkiye Is a Prime Opportunity for eCommerce
April 25, 2023

With eCommerce growth eclipsing that of Europe or the U.S., Türkiye offers a prime opportunity for global sellers, but new regulation will change how eCommerce business is done, Worldline’s Michael Bilotta and Roman Tazetdinov explain.

eCommerce
PYMNTS Intelligence: What Foreign Merchants Need to Know About Doing Business in Türkiye
April 25, 2023

Türkiye represents an enticing opportunity for foreign merchants, especially as eCommerce quickly gains popularity in the region. Never before has it been easier to gain an entirely new customer base from anywhere in the world, as the need for brick-and-mortar stores and warehouses in the country has been dramatically reduced...

Security & Fraud
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
April 25, 2023

The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard to clone cards. Chip, PIN and signature combinations have also been instrumental in keeping fraudsters at bay. Entersekt Co-founder and...

Digital Banking
Treasury Prime: Flexible Risk Architecture Helps Build Concrete Compliance Programs
April 25, 2023

Digitization across the banking landscape is a one-way street that is only accelerating. As modern solutions and systems take the marketplace by storm, it is imperative that firms establish both a culture of compliance and an elastic, scalable risk management framework in order to take...

Mobile Commerce
Millennials Willing to Pay For Smart, Conversational Voice Assistant
April 25, 2023

Consumers want to make their daily routines simple and more connected, and hands-free voice-activated technologies can fit the bill. Consumers already use voice assistants to find information, play music or find and book airline tickets, among many other possibilities. Consumers performed an average of six tasks...