News

Retail
Instacart Lets Customers Pick Their Favorite Shoppers
May 31, 2023

Instacart is testing a feature that allows users to pick their favorite shoppers. “We often hear that both customers and shoppers would love the ability for a customer to schedule an order with a specific shopper after a great experience,” the company announced on its...

Retail
Abercrombie Transforms Controversy Into Profits 
May 31, 2023

Abercrombie & Fitch has made significant strides since its days of provocative advertising campaigns that showcased young shirtless male models, turning the brand into a sought-after fashion symbol among millennials.  On Wednesday (May 24) the brand and retailer reported it has surpassed analysts’ expectations by...

Retail
Beauty Brand Laneige Ditches Sensory Experience for Virtual Shopping 
May 31, 2023

For an industry that thrives on sensory experiences and relies heavily on personal touch and physical treatments, the beauty industry is boldly venturing into a new realm — the metaverse.  This emerging virtual world seeks to revolutionize the conventional beauty experience by seemingly eradicating the...

Retail
Thinking Small Might Be Retail’s New Big Trend
May 31, 2023

Merchants are embracing smaller footprints in a greater effort to cut costs and renew customer focus. Marking a significant shift in retailer strategy, major stores determined to adapt to the reality of today’s economic landscape are overhauling their brick-and-mortar approach. The move is being spearheaded...

Investments
Fidelity Slashes Value of Its Twitter Stake Once Again
May 31, 2023

Twitter is now worth a third of the $44 billion Elon Musk paid for it. That’s according to a recent assessment by Fidelity, which has reportedly slashed the value of its own stake in the company — now listed as X Holdings — a number...

Loyalty & Rewards
Brands Tap New Data Sources to Target Second-Time Buyers
May 31, 2023

Regardless of income level, we’re all wary of what things cost and where the best deal can be had, online or in-store.   It’s not too far-fetched to say we’ve become a nation of bargain-hunters.  At a high level, merchants face a conundrum.  There’s a world...

Security & Fraud
Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games
May 31, 2023

Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations. Still, as the world grows ever more digital, so too do consumers’ and corporations’ identities, as well as the authentication controls around them. This transition period has provided bad actors...

Payment Methods
JPMorgan Chase: Process, People and Partnerships Help Treasurers Build Business Resiliency
May 31, 2023

Just as the payments ecosystem is constantly changing, so too must treasurers’ approach to executing transactions and battling fraud. Arnold Evans, managing director and co-head of Emerging Middle Market at JPMorgan Chase Commercial Banking, focuses on serving companies with up to $100 million in revenue....

Banking
SEC Looking Into Withdrawals Made From Silicon Valley Bank
May 30, 2023

The Securities and Exchange Commission (SEC) is reportedly looking into withdrawals made from Silicon Valley Bank before it collapsed. One focus of the inquiry is whether executives at private equity firms cashed out their personal accounts at the bank before their clients, Bloomberg reported Tuesday (May 30), citing...