News

Retail
Luxury Brands Rush to Own the Resale Experience
November 30, 2021

Each week, it seems, another luxury brand jumps into the secondhand market. Last week, for example, it was Oscar de la Renta; before that, it was Net-a-Porter; and last month, Valentino launched a project with four international boutiques to create a dedicated resale section on...

Retail
New Twitter CEO Inherits Lackluster Social Commerce Capabilities
November 30, 2021

Jack Dorsey’s surprise announcement on Monday (Nov. 29) that he would be stepping down as CEO of Twitter opens the door for a potential new chapter of innovation and growth under new Chief Executive and former CTO Parag Agrawal — one that perhaps sees a...

Banking
The Bank of London Opens Doors at $1B Valuation
November 30, 2021

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built global clearing, agency, and transaction bank worldwide, according to a press release. Get the Full Story Complete the form to...

Biometrics
Voice Tech Holds Key to Unlocking Biometric Security’s Full Potential
November 30, 2021

Speech is powerful — signaling intent, signaling what we need and want. 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...

Loyalty & Rewards
44% of UK Grocery Shoppers Spend More at Stores With Loyalty Programs
November 30, 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...

International
Uncertainty Surrounds PBOC Targeting of Alipay, WeChat Business Use of Personal Codes
November 29, 2021

In China, what seems to be a crackdown on Big Tech — on the payments giants in particular — continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
As EU Rewrites the Rules on Censoring Illegal Content, Battle Lines Are Drawn
November 29, 2021

The European Union is on the verge of rewriting the rules of the road governing how search engines, online marketplaces, social media and other web platforms search out and remove illegal content. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Gen Z’s More Interested in Extended Warranties Than Product Protection Plans
November 29, 2021

Merchants who want to sell plans that cover product failure and, in some cases, accidental damage should know that marketing language matters. Consumer interest in buying these plans varies by generation, with significant differences among age groups when it comes to the marketing terms they...

International
Carrefour’s Digital-First Expansion Brings Cashierless Tech to French Shoppers
November 29, 2021

French retail giant Carrefour announced this month in a press release the launch of the first artificial intelligence (AI)-powered store in Paris, dubbed Flash 10/10 (10 seconds to shop and 10 seconds to pay). Get the Full Story Complete the form to unlock this article...