News

Delivery
Grocers Grapple With Direct Delivery as Instacart Goes Public
September 19, 2023

With Instacart going public Tuesday (Sept. 19) via initial public offering (IPO), grocers are rethinking their direct delivery businesses. Some are investing more in their in-house delivery offerings. For instance, Wakefern Food Corp., which spans hundreds of grocery stores over a range of banners, announced...

B2B Payments
Visa and Swift Streamline Cross-Border Payments With B2B Connect
September 19, 2023

Visa and Swift have announced a collaboration aimed at streamlining international B2B payments. The joint effort will provide financial institutions and their customers with more choice, speed and transparency when sending money across borders, the companies said in a Tuesday (Sept. 19) press release. One of the key features...

Retail
Retailers Announce Holiday Hiring Plans Equal to Last Year
September 19, 2023

Three large retailers’ hiring plans for the upcoming holiday season are similar to those they announced last year. A fourth retailer, Macy’s plans to hire 3,000 fewer workers for seasonal positions than last year, Reuters reported Tuesday (Sept. 19). The three retailers that have announced...

Artificial Intelligence
Google Says Bard Can Now Fact-Check Its Own Answers
September 19, 2023

Google has debuted several features for its artificial intelligence (AI) tool Bard. “Bard now integrates with Google apps and services for more helpful responses,” Yury Pinsky, director of product management for Bard, wrote in a Google blog post Tuesday (Sept. 19). “We’ve also improved the...

Retail
IKEA and Afterpay Bring BNPL to Furniture Buying
September 19, 2023

IKEA has entered the buy now, pay later (BNPL) space with the help of Afterpay. The world’s largest furniture retailer announced Tuesday (Sept. 19) that Afterpay’s “Pay in 4” service was now available at its stores and website for customers in the U.S. The program, which lets...

Retail
Merchants Turn Fresh Eyes to Second-Look Financing to Boost Sales
September 19, 2023

Labor Day has come and gone, and the holiday season is just around the corner. But current economic and financial conditions are forcing consumers to face some tough choices about buying what they want, while having the means to fund it. That’s why PYMNTS CEO...

Retail
Stitch Fix CEO Says Personalization Will Make It Stand Out in Retail
September 18, 2023

Stitch Fix is leaning into personalized styling services as it aims to revolutionize the way customers shop. By combining advanced technology with human stylists, the online personal style platform delivers a convenient and tailored shopping experience that sets it apart from other retailers, Stitch Fix CEO Matt...

Retail
Walmart vs. Amazon: The Battle of Big Deal Days
September 18, 2023

On the same day Amazon announced its Prime Big Deal Days event in October, Walmart announced Monday (Sept. 18) its own shopping event, Walmart Deals – Holiday Kickoff. The shopping event will run from 7 p.m. ET Oct. 9 through Oct. 12. With the rise...

Cross-border Payments
Revolut Extends RevTags Cross-Border Payment Solution to Businesses
September 18, 2023

Revolut Business has launched a solution for businesses that aims to address the difficulties surrounding cross-border payments. The feature, RevTags, is a free and instant global payments network available to businesses within the Revolut network, the global financial app for businesses said in a Tuesday (Sept....