News

Retail
DoorDash Launches Digital Convenience Stores
August 05, 2020

DoorDash is rolling out digital convenience stores in a bevy of major cities as it ups the ante in the fierce battle for market share in the fast-growing delivery sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Liquor Sales Up, But Glass Is Still Half Empty
August 05, 2020

Diageo — the world’s largest spirits maker and the firm behind Johnny Walker, Tanqueray Gin and Smirnoff Vodka — has taken a 1.3 billion pound ($1.7 billion) write-down as a result of a bigger-than-expected decline in sales, as demand for its range of alcoholic beverages...

Retail
CVS Reports Strong Quarterly Earnings Amid COVID-19 Efforts
August 05, 2020

CVS posted strong second-quarter earnings, upped its estimates for 2020 profits and renewed its commitment to fighting COVID-19, the company reported on Wednesday (Aug. 5). Total revenues increased by 3 percent, to $65.3 billion, compared to the same quarter in 2019. Get the Full Story Complete...

Retail
Alexa, What’s The Future Of Voice Commerce?
August 05, 2020

The present tense for voice commerce shows an eager and accelerated installed base with 90 million devices in the U.S. But as with everything digital these days, the future is a lot closer than it used to be. And the future for voice commerce will...

Retail
Digital Shift Puts Its Feet Up On Furniture Business
August 05, 2020

The digital shift is definitely extending to online furniture sales, with two companies — Wayfair and Blueport — reporting stratospheric increases in sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Walmart’s New Subscription Service Is Once Again Delayed
August 05, 2020

In a bid to challenge Amazon, Walmart had planned to launch a new subscription service called Walmart+ in July — but that month came and went, and there was no sign of the retail giant’s next big move. Get the Full Story Complete the form to...

B2B Payments
The Corporate Card Goes Contactless
August 05, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. This week’s roundup of Commercial Card Innovation also finds growing interest in digitizing and mobilizing the corporate card, either through...

B2B Payments
Maintaining Control When Employee Spend Looks More Like Procurement
August 05, 2020

The expense report has come a long way since the days of paper spreadsheets and stapled receipts. In the last decade, automation technology has closed the gap between booking a business trip and filing an expense report for reimbursement, significantly easing friction for both employees...

Security & Fraud
Study: COVID-19 Fraud Reaches $100M
August 05, 2020

SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...