News

Retail
The Connected Bride Gets A Little Platform Help
February 12, 2020

Here comes the connected bride. And this year’s model has a series of new platforms, partnerships and interactive tools to plan the wedding. For their part, retailers are trying to get data, drive engagement and get more market share in a business where an average...

Retail
Shopify’s Holiday Sales Spiked 61 Pct. YOY
February 12, 2020

With holiday sales skyrocketing from 2018 to 2019, Canada’s Shopify registered quarterly earnings that exceeded expectations. The eCommerce firm notched global sales of more than $2.9 billion from Black Friday to Cyber Monday, an increase of approximately 61 percent during the same timeframe in the...

Payment Methods
BNPL Drives Customer Acquisition, Cuts Cart Abandonment
February 12, 2020

Among the more notable payment trends of 2019 and 2020 is the rapid rise of the buy now, pay later (BNPL) options that are available through a growing roster of merchants. The revival of “layaway” is most prevalent among cost-conscious millennials and Gen Y shoppers...

B2B Payments
Corporate Cards Tackle Their Own Employee Expense Shortcomings
February 12, 2020

With corporate cards growing their market share, the payment tool is finding opportunity in more areas of the enterprise, from cross-border corporate payments to accounts payable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
The Build-Versus-Buy Conundrum In Supply Chain Digitization
February 12, 2020

Organizations embracing digitization have an important decision to make before they ever invest in a technology: Should they purchase out-of-the-box solutions or build their own? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
IAC Completes $500M Acquisition Of Care.com
February 12, 2020

IAC announced today that it has acquired Care.com, a worldwide marketplace for family care, for $15 per share of common stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
SoftBank Takes $2B Hit In Quarterly Earnings
February 12, 2020

SoftBank’s quarterly profit dropped 99 percent to ¥2.59 billion (£18.2 million) following steep Vision Fund losses, according to multiple reports on Wednesday (Feb. 12). The Vision Fund lost 225.1 billion yen (S$2.84 billion) for the three months ending in December, according to The Business Times. Get...

B2B Payments
SMB Poll: Bloomberg Can Defeat Trump
February 12, 2020

A recent poll of small business owners in the U.S. shows that they believe only presidential candidate Mike Bloomberg can beat President Donald Trump, according to a report Monday (Feb. 10) by yahoo! Finance. Get the Full Story Complete the form to unlock this article...

Biometrics
EU Softens Stance On 5-Year Ban Of Facial Recognition Tech
February 12, 2020

The European Union won’t be passing a blanket moratorium on facial recognition software after initially signaling that it would do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....