eBay and “Love Island” have joined forces to strengthen their commitment to the resale movement. This partnership aims to amplify their shared mission of fostering conversations and promoting a preowned-first mindset among shoppers. The partnership marks the second collaboration between the two. In the previous...
In line with retailers like Macy’s, Bloomingdale’s, and Century 21, Swedish furniture giant IKEA is also embracing a smaller and more streamlined approach. With 51 locations in the United States, IKEA has recently announced its ambitious plan to open 17 stores nationwide over the next...
Shein’s latest funding round has reportedly lowered its $100 billion valuation by a third. The online-only fashion retailer raised $2 billion in the most recent round, and slashed its valuation to $66 billion amid a drop in share prices for tech companies, The Wall Street...
Today’s online world offers more vulnerabilities to exploit, and criminals have taken notice. “The total value of money laundering globally per annum is about $4 trillion,” Mike Foster, president and CEO of SymphonyAI NetReveal, told PYMNTS CEO Karen Webster. “That’s about 4% of global GDP,” he emphasized....
The downfalls of Silicon Valley Bank, Signature Bank and First Republic have changed the conversations smaller financial institutions are having with their clients. Doug Brown, president of NCR, told Karen Webster that bankers are grappling with “customer angst about topics they don’t normally inquire about.” Among the most pressing topics is deposit insurance,...
The failures of Silicon Valley Bank (SVB) and Signature Bank were unlike any in history. U.S. lawmakers are hoping to get to the bottom of just why they were, and how the catastrophes could have been prevented. Executives from the collapsed lenders were in the...
More than 80% of consumers use digital features as part of their shopping experiences, online and in-store. These “digital enthusiasts” and “digital mainstream” shoppers are younger and more affluent than most, making up 92% of the country’s millennials and 88% of the country’s high-income consumers....
ServiceNow has launched new artificial intelligence (AI)-powered workflows for finance, supply chain and procurement leaders. The new Finance and Supply Chain Workflows product joins the range of digital workflows the company offers for business-critical processes and meets the needs of chief financial officers (CFOs), procurement...
ACI Worldwide says it is among the first payments firms certified for the U.S. Federal Reserve’s FedNow instant payments service, due to launch in July. ACI worked with the Fed to identify Corporate One Federal Credit Union as its initial partner to integrate instant payments...
