News

Retail
Commerce Gets Even More Social With Facebook Groups Shopping Upgrade
November 19, 2021

As social commerce continues to move toward becoming just another way for consumers to shop, social media networks are working to embed shopping even more deeply into their platforms and create new opportunities for purchases. Get the Full Story Complete the form to unlock this...

Retail
Farfetch CEO: Luxury Retail Will be ‘Revolutionized’ by Blending Digital, Physical Experiences
November 19, 2021

Executives at luxury retail platform Farfetch say next year will be a critical juncture in expanding beyond its core marketplace and developing deeper relationships within the industry as an increasing number of brands express interest in the company’s software-as-a-service (SaaS). Get the Full Story Complete...

Latin America
Deep Dive: How eCommerce Marketplaces Can Tap Local Payment Methods to Create Lasting Customer Engagement
November 19, 2021

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
AMZN vs. WMT Weekly: Grocery Strength Likely Won’t Help Walmart Keep Amazon at Bay
November 19, 2021

One of the most noteworthy aspects of Walmart’s quarterly earnings release earlier this week was the $3.6 billion growth in food sales between July and October, the strongest in six quarters, according to company executives. Get the Full Story Complete the form to unlock this...

B2B Payments
SMBs Mimick ‘Buy Local’ Theme This Holiday Season With Shift to Ship Local Solution
November 19, 2021

A week before the weekend that includes Black Friday and Cyber Monday, Dhruv Saxena, co-founder and CEO of ShipBob, was on the road to see what was happening in the company’s fulfillment centers. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
DeFi Losses Top $10B From Exploits, Fraud, Theft
November 19, 2021

Decentralized finance (DeFI) platforms have been the target of criminal attacks, with fraud and theft topping $10 billion, according to a report entitled Risk, Regulation, and the Rise of DeCrime from Elliptic Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Inventory Shortages Could Make Holiday 2021 The Year of the Gift Card
November 19, 2021

It’s a week before Black Friday, and sales of prepaid gift cards have already started to surge. 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...

Retail
To Compete With Amazon, Department Stores Need to Think Like a Marketplace
November 19, 2021

After years of decline, department stores are seeing a resurgence in traffic, with Mastercard SpendingPulse projecting they’ll see 40% year-over-year growth over the week of Thanksgiving, and 7.6% growth compared to the same period of 2019. Get the Full Story Complete the form to unlock...

Payment Methods
Why Digital Payments Will be Faster, Better, Cheaper Tomorrow
November 19, 2021

Considering the outsized role technology plays in virtually all manner of innovation today, it should come as no surprise that faster data and better analytics will do the same for payments and banking. Get the Full Story Complete the form to unlock this article and...