When you need baby formula at 3 a.m., options are limited. Or rather, they were. Announcement of Walgreens 24-Hour Same Day Delivery on Thursday (Dec. 1) marks a turning point in anytime access, offering 27,000 retail items from the chain, and Stefanie Kruse, Walgreens vice president of digital...
Some of the world’s biggest retailers are experiencing a paradigm shift. They are focusing on user experience in-store as a key feature of their competitiveness not only against each other but against the threat of online shopping. According to a recent PYMNTS and ACI survey,...
Friendly fraud. First-person fraud. Call it what you will — maybe “mistaken fraud.” For many merchants, purchase disputes and chargebacks are an unfortunate cost of business, one that’s been on the rise amid the great digital shift. Illegitimate chargebacks — aka friendly fraud — occur...
With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks to their ability to help curb overspending and crack down on the mismanagement of funds. As PYMNTS reported earlier this...
Twitter is reportedly offering to match a portion of the ad spending of some advertisers. For those that increase their ad spending by at least $500,000, the social media platform will match those dollars up to $1 million, the Wall Street Journal reported Thursday (Dec. 1). In addition...
The countdown’s on to the end of 2022, which FinTech IPO investors would rather forget. Earnings season is now all but over, with the exception of a few stragglers. The double-digit percentage gyrations — up and down — have been a hallmark of the past...
British neobank Monzo will soon become profitable, CEO TS Anil said. Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in the next financial year,” FT reported Thursday (Dec. 1). The report noted that Monzo has faced several challenges, including auditors...
As consumers cut non-essential spending, food is the hook that keeps them coming back. Discount variety store chain Dollar General, for one, has been expanding its food offerings via its DG Fresh initiative, which spans almost 19,000 stores, meant to boost margins and drive sales...
Invoice financing company Viva Capital Funding has closed on $85 million in bank credit facilities. The two bank credit facilities are split between a $45 million factoring platform and a $40 million land banking platform, according to a Thursday (Dec. 1) press release. “The closing...
