As grocers look to build toward their hybrid digital-physical future, many stores are seeking out technologies to offer a frictionless experience in the brick-and-mortar space. After rolling out biometric payments in Seattle, Amazon is bringing its Amazon One pay-by-palm technology to New York City, incorporating...
Insurance giant State Farm is working with the payments fintech Fiserv Inc. to give customers faster payouts for car and fire claims. The company announced on Tuesday (May 11) that it was “incrementally deploying” Digital Pay, which will give its customers “speed and flexibility” in...
TikTok has begun working with merchants in Europe to test in-app sales, a move that will likely heighten its rivalry with Facebook. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The great digital shift feels so pervasive, so ingrained, that we’d be hard-pressed to find a part of daily life that hasn’t been transformed — where cash, phone calls and all manner of interactions, including handing over plastic cards, person to person, hasn’t been altered...
The RealReal, which operates the world’s largest online marketplace for secondhand luxury goods, said it will add additional “neighborhood stores” in affluent communities as it projected GMV (gross merchandise value) would grow by up to 80 percent this quarter. Get the Full Story Complete the...
The country’s largest mall owner said the improving domestic economy is driving an increase in shopper sentiment and improving foot traffic and sales across its global commercial real estate portfolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After thinning the herd over the past decade and pushing many shopping malls to the brink of extinction, new research shows that an array of direct-to-consumer (D2C) and eCommerce brands may now be poised to save the very same retail properties they nearly killed. Get...
L Brands’ board of directors has unanimously given the go-ahead to a plan to split the firm into two public and independent companies: Victoria’s Secret and Bath & Body Works. Management said the firm anticipates the separation to occur by way of a “tax-free spin-off”...
U.K.-based FinTech Revolut is on a roll. Last week, it debuted a service that allows transactions using bitcoin. On Tuesday (May 11), the company debuted “a wide range of features and products” for retail customers. Get the Full Story Complete the form to unlock this...
