Amazon and Walmart are hoping new tech will make the holidays a little less difficult. While no one thought 2022’s busy season was ever going to be easy, the embrace and use of new digital processes — in stores, websites and warehouses — by the...
Pet owners are paring back on nonessentials but boosting their purchases of the basics. Online pet product supplier Chewy reported Thursday (Dec. 8) that its 14.5% year-over-year growth in net sales during the quarter ended Oct. 30 was driven by non-discretionary products like food and...
Athleisure retailer Lululemon Athletica reported earnings on Thursday with a positive look at its eCommerce expansion. The company’s results for the third quarter 2022 were mainly positive thanks to increased web traffic and in-store purchases at the start of the holiday shopping season. “Black Friday...
New government data shows digital natives are falling for some online scams more than elders. In short, engagement — not age — is the primary predictor of an online attack. According to the Consumer Protection Data Spotlight report from the Federal Trade Commission (FTC) released...
Costco’s strong membership and renewals were not enough to offset a slump in digital sales. According to Costco CFO Richard Galanti, while the retailer’s 847 stores in the U.S., Canada and a dozen other countries delivered an 8% increase in its fiscal first quarter sales,...
By any measure, instant payments and QR codes have been a phenomenal success in Brazil. Patrick Devlin, president of Brazilian FinTech Matera, told PYMNTS’ Karen Webster that his company is setting the stage for the United States to see similar traction, especially when FedNow debuts...
A tailored payment experience can make all the difference in today’s challenging macroeconomic environment. PYMNTS recently sat down with Sanjay Gupta, EVP of ACI Worldwide’s Biller Segment, to talk about user experience, digital transformation and how strong relationships can lead to better cash flow, particularly during challenging...
Small to midsized businesses (SMBs) often face a legion of challenges when attempting to process payments swiftly and securely. Incorrect invoices, insufficient cash reserves and late payments from customers or to vendors are just some of the obstacles SMBs tackle on a regular basis. Nearly...
Macro concerns and interest rates tipped several FinTech IPO names into double digit declines. The FinTech IPO Index slipped by 4.4% through the past five trading sessions and now stands 48.6% lower year to date. Many names are down more than 90% from their IPOs,...
