News

eCommerce
Amazon Joins FedEx, USPS in Adding Holiday Fees for Sellers
August 16, 2022

Saying it needs to offset rising labor and logistics costs, Amazon is for the first time imposing an added fee on some sellers during this year’s holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Electronics Retailer B.TECH Debuts Omnichannel Platform for Egyptian Merchants
August 16, 2022

Egyptian consumer electronics retailer B.TECH has launched “deel,” an omnichannel platform for local merchants. 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...

Delivery
Delivery Hero Makes ‘a Million Pricing Decisions per Month’ in Bid to Boost Basket Size
August 16, 2022

As some restaurant delivery aggregators struggle to maintain sales growth in the face of global macroeconomic headwinds, multinational food delivery service Delivery Hero is seeing success improving the economics of the model with targeted incentives to boost average order value (AOV). Get the Full Story...

Point of Sale
Payments Solutions Firm Cardknox Integrates With Verifone Terminals
August 16, 2022

Payment solutions provider for developers Cardknox is integrating with end-to-end payment solution firm Verifone to enable merchants to keep up with the latest consumer payment preferences for card-present transactions.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Neat Company Nixes Fees for ACH Transactions
August 16, 2022

The Neat Company has eliminated the standard 1% fee for ACH transactions, a move the company said makes it unique among small business financial platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Home Depot’s Digitization Investments Lay Foundation for Brisk B2B Growth
August 16, 2022

Home Depot Pro’s investments to digitize its business customer relationships are paying off. 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....

International
EMEA Daily: Authentic Brands to Acquire UK’s Ted Baker; Remitly to Buy Rewire; Remitly to...
August 16, 2022

Today in Europe, the Middle East and Africa (EMEA) news, Ted Baker is to be bought by Authentic Brands Group for $253 million, while Remitly has agreed to acquire Israeli remittance solution Rewire for $80 million. Get the Full Story Complete the form to unlock...

Retail
Walmart’s Grocery Gains Could Be Mixed Blessing as Shoppers Trade Down
August 16, 2022

Amid ongoing inflation, many consumers are growing more conservative in their spending, cutting back on luxuries and sticking more to the basics. Walmart, the world’s largest grocery retailer, is seeing the effects of the shift from restaurants to supermarkets as well as from more premium-priced...

eCommerce
Third-Party Marketplaces to Determine Winner in Amazon vs Walmart Platform Battle
August 16, 2022

In what will likely be a never-ending duel between Amazon and Walmart, as their online platforms expand, it is the seller-focused marketplaces — integrating everything from catalogs to fulfillment — that will help craft a competitive advantage. Get the Full Story Complete the form to...