News

Retail
Amazon vs Walmart Weekly: Grocery Fight Complicated by Inflation and Delivery
July 08, 2022

“The supreme art of war is to subdue the enemy without fighting,” the Chinese general and famed military strategist Sun Tzu proclaimed almost 600 years ago, and yet, this oft-quoted quip somehow remains relevant today in a 21st century food fight among the top two...

Regulation
US Treasury Sets out International Cooperation Plan to Rein in Digital Assets
July 08, 2022

The Secretary of the Treasury on Thursday (July 7) delivered to President Biden a report suggesting that more engagement with foreign counterparts and in international organizations is needed if the U.S. wants to make sure that digital assets around the world respect America’s core values...

Retail
Rolex Dealer Says Luxury Watch Shortage Is Spreading
July 08, 2022

Not only are consumers being scared off from buying luxury watches as the cryptocurrency market continues to crater, but it’s becoming harder to find those big-name timepieces than ever before, a Rolex watch seller in the United Kingdom told Bloomberg. Get the Full Story Complete...

Banking
Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance
July 08, 2022

The phrase open finance refers to a broadening of the original remit of open banking to include a greater range of services. In the context of accessing account data, broadening the scope of access means redefining what type of organization is allowed to make access...

Investments
Mexico’s DEUNA Raises $30M to Expand eCommerce Services
July 08, 2022

Commerce operating system DEUNA has raised $30 million in a Series A funding round, the Silicon Valley-based company announced Friday (July 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
UK Leads Europe in Internet Access, Second in CE Index, Study Finds
July 08, 2022

PYMNTS recently ran a five-part series about digital transformation in the European Union. In order to cover all the regional data available, PYMNTS is bringing you one final roundup on the United Kingdom’s digital engagement. Consider it a bonus. Get the Full Story Complete the...

News
PYMNTS AM Radar: Age of Change; Smart Convenience; Digital Transformation Momentum; Fighting Professional Fraudsters; ICYMI
July 08, 2022

Today is Friday, July 8 and in one of the world’s safest countries, a former prime minister was shot dead while giving a speech. Shinzo Abe, 67, Japan’s longest-serving prime minister, died in the hospital after being shot twice in the chest. A 41-year-old suspect...

Security & Fraud
Cybersecurity Firms Challenge ‘Professional Fraudsters’ With Customer-Friendly Protections
July 08, 2022

Is “fraudster” a title or job description of some kind? Perhaps it should be, because when shopping or sending money online, you’re never totally sure who’s on the other end. It could be someone you know — or it could be a bad actor who...

Retail
EU Retailers Pivot to Seamless One-Click Checkout With Choice
July 08, 2022

Shopping cart abandonment — an online retailer’s worst nightmare. 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,...