News

Retail
Shoppable Media Prepares For Its Retail Closeup
October 16, 2020

YouTube has been testing it; Walmart wants to be part of it. The cousin to social commerce is more immersive and complex than current eCommerce iterations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Amazon Continues Fall Sales Push With Discounts, Gift Card Bonuses
October 16, 2020

Just a day after its annual Prime Day shopping extravaganza, which was moved to this week for 2020 instead of its usual spring calendar slot due to COVID-19, Amazon.com Inc. has fired up the promotions engine again. Get the Full Story Complete the form to...

Retail
Apparel Company VF Corp. Reports YOY Revenue Declines; Declares Dividend
October 16, 2020

Clothing maker VF Corporation, whose lineup of high-profile brands includes Dickies, Vans, Timberland, The North Face and others, on Friday (Oct. 16) reported operating income of $256.7 million, or 66 cents a share, on revenue of $2.6 billion for the three months that ended Sept....

Payment Methods
How We Shop Will Never Be The Same
October 16, 2020

When PYMNTS first asked consumers in mid-March how long they thought the COVID-19 pandemic would last, the average estimate was 138 days — about two months. After that, folks believed, we’d be going back to business as usual and a booming economy. Get the Full...

B2B Payments
B2B Innovators Land Funding For AP, Cybersecurity
October 16, 2020

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. A managed security services provider has also concluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses....

Payments Innovation
TransferWise On The Faster Future Of Cross-Border Payments
October 16, 2020

Cross-border payments continue to be notorious for being slow and costly, with each FI involved in processing the transaction attaching additional fees. In this month’s The FI’s Guide To Modernizing Digital Payments, Nicholas Lembo, head of Americas growth for TransferWise, discusses how leveraging inter-bank networks...

B2B Payments
Billtrust CEO: B2B Buyers Ignore Suppliers’ Payments Preferences At Their Peril
October 16, 2020

Buyers want to take their time to pay. Suppliers want to get paid quickly. In between lies inefficiency — namely, the (paper-based) ways in which the payments themselves are done. In an interview with Karen Webster, Flint Lane, CEO at Billtrust, said buyer-supplier dynamics are...

Faster Payments
Why 2021 Will Be Real-Time Payments Break-Out Year
October 16, 2020

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct...

Retail
The Direct-To-Consumer Challenge: Converting One-Time Buyers Into Repeat Customers
October 16, 2020

The digital-first shift means there are more options for smaller, direct-to-consumer brands, to find first-time customers from around the country or even the world. But sticky.io CEO Brian Bogosian tells Karen Webster that the rubber meets the road when it comes time to convert those...