With the crypto industry under fire, some blockchain projects are also on the chopping block. It wasn’t supposed to be this way. After all, blockchains — distributed ledgers whose promise has been to transform business models — do not necessarily need cryptos. Public blockchains do;...
FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that is blaming FinTech companies for causing tens of billions of dollars in losses incurred by the U.S. government due to...
With brands noting consumers’ pricing anxieties, Instacart is turning to coupons to drive ad sales. The grocery aggregator announced Wednesday (Nov. 30) the launch of its Promotions suite of advertising offerings for consumer packaged goods (CPG) brands, offering self-service options for showing consumers personalized deals,...
The Fed, the largest grocer and now Amazon all offered hope on consumers and inflation. The trio of comments this week come in the wake of record Black Friday weekend sales, which have lifted the mood and expectations that maybe, just maybe, the holiday shopping...
Post-pandemic, consumers are still buying shoes online. Footwear retailer Genesco said in a Friday (Dec. 2) presentation that both store and digital comparable sales were up during its third quarter that ended Oct. 29, and that this highlights the importance of giving consumers a choice of...
Easier payments and smarter customer data use will anchor the retail industry’s experiential modernization efforts. This, as new PYMNTS research involving major retailers shows a reprioritization of resources toward more seamless omnichannel experiences, especially the largest players. According to “Navigating Big Retail’s Digital Shift: The...
New brands and product innovation are driving growth at Ulta Beauty. The cosmetics and skincare retailer said in a Thursday (Dec. 1) press release that during its third quarter that ended Oct. 29, its net sales increased 17.2% year over year and its comparable sales were up...
Unlike consumer payments, the B2B variety remain mired in legacy systems and manual practices. Small businesses, in particular, need easier payment experiences and help with cash management, but their path to this goal may be fraught with hurdles — not the least of which is...
Sometimes coming late to the game has advantages. Latin America provides an ideal use case. As applied to payments, Michael Bilotta, global head of digital goods and services at Worldline told PYMNTS’ Karen Webster that digital growth in LatAm countries follows familiar tech paths. So-called...
