News

Retail
Study: Gift Card Sales Fell More Than 30 Pct In 2020
February 03, 2021

Customer experience management platform provider Paytronix released its annual restaurant gift card sales report, which found that gift card sales declined in 2020. They dropped 31.8 percent in 2020 compared to 2019, although in-store physical card sales declined the least, according to a Wednesday (Feb. 3)...

News
Today In Payments: Uber Buys Alcohol Delivery Startup Drizly; Amazon Q4 Net Sales Top $100...
February 03, 2021

In today’s top news, Uber is acquiring alcohol delivery startup Drizly, and Amazon marked its first $100 billion quarter. Plus, VEON has partnered with Mastercard to expand its digital financial inclusion services. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Uber Eats Commits $20 Million To Support Independent Restaurants
February 03, 2021

Uber Eats is introducing Eat Local, an initiative to advance support for independent restaurant owners and operators amid continuing pandemic-related challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Good Eggs Raises $100 Million To Expand Online Grocery Delivery
February 03, 2021

San Francisco-based Good Eggs, a grocery delivery service that specializes in locally sourced products, has raised $100 million to expand into Southern California. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Robinhood’s Public Filing Could Be Delayed Over GameStop Turmoil
February 03, 2021

Robinhood’s plans for an initial public offering (IPO) could be on hold following the GameStop debacle that ended in a suspension of trading last week, Cryptoslate reported on Wednesday (Feb. 3), citing a tweet from Fox Business Network Senior Correspondent Charles Gasparino. Get the Full...

Retail
Today In Retail: Cart.com Purchases D2C Firm; Online Shopping Spike Fuels UPS’ Record Quarterly Revenues
February 03, 2021

In today’s top retail news, Cart.com unveiled its purchase of Cheap Cheap Moving Boxes, while UPS revealed consolidated revenue of $24.9 billion for Q4 2020. Plus, Amazon’s Q4 net sales have exceeded $100 billion. Get the Full Story Complete the form to unlock this article...

B2B Payments
Today In B2B: Bank of the West Launches Zelle For SMBs; Intuit Acquires OneSaas
February 03, 2021

Today in B2B payments, Bank of the West enables Zelle for small business payments, and Intuit bolsters QuickBooks Commerce with acquisition. Plus, CIS launches bitcoin wallet for corporates, EedenBull launches in North America, and Vision33 takeover strengthens accounting automation offering. Get the Full Story Complete...

Investments
Online Wine Marketplace Vivino Raises $155 Million In Venture Funding
February 03, 2021

Vivino, which offers a wine app and online marketplace, is drinking in the news that it has raised $155 million in new funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Chipotle Tests Consumer Limits With Price Increase For Delivery
February 03, 2021

In its final quarter of 2020, Chipotle‘s digital delivery orders accounted for about 25 percent of its total sales. “To help improve the economics on this premium access point, we have implemented several delivery menu price differentials, with a weighted average fee right around 13...