News

Retail
Walmart Partners With Meredith for AI-Informed Contextual Grocery Commerce
September 08, 2021

Walmart, the world’s largest grocer, continues to be an industry leader in contextual commerce. The retailer announced on Wednesday (Sept. 8) that it is partnering with media giant Meredith Corporation to create shoppable ads that allow consumers who interact with the media company’s content to...

Security & Fraud
Cyberattack Victimizes New Zealand Banks, Post Office
September 08, 2021

New Zealand was briefly the center of the cybersecurity world on Wednesday (Sept. 8), when several financial institutions (FIs) and the national post office were shut down by what government leaders said was a cyberattack. Get the Full Story Complete the form to unlock this...

Investments
eCommerce Aggregator Rainforest Raises $20M
September 08, 2021

Singapore-based eCommerce aggregation firm Rainforest has raised $20 million in a pre-series A round led by Monk’s Hill Ventures. 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...

Investments
Insurance FinTech Marshmallow Lands $85M
September 08, 2021

The insurance FinTech Marshmallow got some sweet news this week, as it reached a valuation of over $1.25 billion to become the U.K.’s newest tech unicorn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
In-Store Fulfillment Creates ‘New and Unusual Workloads’ for Retailers
September 08, 2021

Not too long ago, cashiers would be able to process maybe a couple of hundred orders in an eight-hour shift, repeatedly scanning items brought to them by a customer and sending them off in a matter of minutes. With many consumers now opting to pick...

Retail
Sneaker Startup IPOs Take a Run at Nike
September 08, 2021

In the past two weeks, two different direct-to-consumer (D2C) sneaker brands have each filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), a sign of how competitive the footwear and apparel market has become. Get the Full Story Complete...

Retail
No Pain, No Gain: Amazon and Walmart Fight for Electronics Share Stagnates
September 08, 2021

Amazon and Walmart have both seen their share of electronics and appliance sales remain relatively unchanged for the past two quarters, with Walmart struggling to make up any of the ground it lost in the past decade. Get the Full Story Complete the form to...

Retail
Barry M Pairs with Perfect Corp for Virtual Try-Ons
September 08, 2021

Artificial intelligence (AI) and augmented reality (AR) beauty tech company Perfect Corp. has joined forces with U.K. cosmetics brand Barry M on the brand’s first virtual try-on online shopping experience, powered by Perfect Corp.’s YouCam for Web technology. Get the Full Story Complete the form...

eCommerce
Nextech AR to Make SaaS Option Available in October
September 08, 2021

Nextech AR Solutions Corp. is making its eCommerce-focused augmented reality (AR) offering available as a Software-as-a-Service (SaaS) solution in early October, bringing the burgeoning technology to a wider range of merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited...