News

Investments
Brite Raises $60 Million to Expand Instant Payments
October 04, 2023

Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Artificial Intelligence
Meta Begins Rollout of Generative AI-Powered Features for Ad Creatives
October 04, 2023

Meta has begun its rollout of generative artificial intelligence (AI)-powered features for ad creatives in its Ads Manager. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

eCommerce
Nike Sees Strong D2C Sales Despite Consumers’ Discretionary Spending Pressures
October 04, 2023

The continued buildout of Nike’s digital channels and direct-to-consumer (D2C) sales, as well as the brand’s inextricable ties to an ecosystem, are helping buck pressures on discretionary spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Oddity’s AI-Powered Product Development Spurs Repeat Purchases
October 04, 2023

On Monday (Oct 2), Oddity Tech reported third-quarter results that showed revenue growth of 29% to 31% and attributed this to repeat sales in its Il Makiage and Spoiled Child brands.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
Uber Adds Returns to Package Delivery Service
October 04, 2023

Uber’s package delivery service is now also a package return service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

eCommerce
Squarespace Adds Payments to Serve the Needs of ‘Long Tail’ eCommerce Sellers
October 04, 2023

Dan Chandre, Squarespace vice president, head of Acuity and payments, told Karen Webster that a key to connecting merchants with his firm’s platform lies with payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Next-Level Care: Generative AI Poised for $22B Growth in Healthcare
October 04, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Is Sustainability Truly Sustainable for Retailers? 
October 04, 2023

Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific factors contributing to The RealReal’s persistent lack of profitability since its establishment in 2011 remain uncertain, it’s worth noting that...

Artificial Intelligence
Banks Need to Be on the Cutting Edge of AI’s Double-Edged Fraud Sword
October 04, 2023

The greatest innovations are those that democratize access to new skills and empower populations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...