Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace Walmart Realm, Justin Breton, the company’s director of brand experiences and strategic partnerships, discussed this...
What a difference a day can make. The T+1 implementation for capital markets went live in the U.S., Canada and Mexico on Tuesday (May 28), accelerating the settlement cycle for securities from T+2 to T+1. And against that backdrop, financial institutions (FIs) are under increasing pressure...
Amazon Web Services expanded its partnership with enterprise application programming software firm SAP. The collaboration is designed to make it easier for customers to adopt the RISE with SAP solution on AWS, according to a Wednesday (May 29) press release. The tie-up is also expected...
Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. The apparel retailer’s highest first-quarter net sales ever came with an increase of 22% compared to the same period a...
Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded U.S./European delivery apps — DoorDash, Delivery Hero, Just Eat Takeaway and Deliveroo — are trading...
Consumers who use card-linked shopping offers, which provide special savings or rewards attached to a merchant or product, return for more — most do. But what about the 21% of past users who never return? PYMNTS Intelligence finds that if those who used these offers...
Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming indispensable in today’s fast-paced retail environment. Ellie Smith, global head of digital acceptance at Discover® Global Network, pointed to a...
Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for payment processor Thredd CEO Jim McCarthy, payment modernization is a basic mission rather than an abstract concept. As he told...
At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t retrieve their money, that sponsor banks and other FinTechs have walked away from relationships with the funds … and even...
